SkyWest, Inc. (SKYW) Given Average Rating of “Buy” by Analysts
SkyWest, Inc. (NASDAQ:SKYW) has been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $41.60.
SKYW has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of SkyWest from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, September 20th. Finally, Cowen and Company restated an “outperform” rating and issued a $44.00 target price (up previously from $40.00) on shares of SkyWest in a research note on Monday, August 7th.
Large investors have recently made changes to their positions in the stock. United Services Automobile Association bought a new stake in shares of SkyWest during the 1st quarter valued at about $421,000. Vanguard Group Inc. grew its position in shares of SkyWest by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 5,788,450 shares of the transportation company’s stock valued at $198,255,000 after buying an additional 198,452 shares during the last quarter. Kennedy Capital Management Inc. grew its position in shares of SkyWest by 25.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 421,482 shares of the transportation company’s stock valued at $14,794,000 after buying an additional 84,205 shares during the last quarter. Systematic Financial Management LP grew its position in shares of SkyWest by 31.1% during the 2nd quarter. Systematic Financial Management LP now owns 234,089 shares of the transportation company’s stock valued at $8,217,000 after buying an additional 55,514 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of SkyWest by 2.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 481,156 shares of the transportation company’s stock valued at $16,480,000 after buying an additional 10,823 shares during the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.
Shares of SkyWest (SKYW) traded up 0.11% during trading on Friday, hitting $43.90. The company’s stock had a trading volume of 612,002 shares. The company’s market cap is $2.28 billion. SkyWest has a 52 week low of $25.97 and a 52 week high of $44.75. The firm’s 50 day moving average price is $36.23 and its 200-day moving average price is $35.67.
SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $809.76 million for the quarter, compared to analyst estimates of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 EPS. On average, analysts predict that SkyWest will post $3.25 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, September 28th. SkyWest’s dividend payout ratio is presently -11.31%.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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