SkyWest (NASDAQ:SKYW) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, November 9th. Deutsche Bank upped their target price on shares of SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Imperial Capital upped their target price on shares of SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a research report on Tuesday, October 31st. Cowen upped their target price on shares of SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Finally, ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.60.

SkyWest (NASDAQ SKYW) traded down $0.35 during mid-day trading on Friday, reaching $51.10. 276,441 shares of the company traded hands, compared to its average volume of 246,806. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 1.61. SkyWest has a 1 year low of $30.40 and a 1 year high of $54.85. The company has a market cap of $2,667.30, a PE ratio of -19.58 and a beta of 1.77.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.03. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The firm had revenue of $831.93 million during the quarter, compared to analysts’ expectations of $817.43 million. During the same quarter in the previous year, the company posted $0.90 EPS. SkyWest’s revenue was up 4.0% on a year-over-year basis. equities research analysts anticipate that SkyWest will post 3.32 earnings per share for the current year.

In other SkyWest news, CEO Russell A. Childs sold 1,766 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.22, for a total transaction of $83,390.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wade J. Steel sold 4,500 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.00, for a total transaction of $211,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 154,239 shares of company stock valued at $7,512,577 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKYW. Oppenheimer Asset Management Inc. increased its position in shares of SkyWest by 108.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock valued at $100,000 after buying an additional 1,488 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of SkyWest by 81.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock valued at $146,000 after buying an additional 1,862 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of SkyWest by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock valued at $156,000 after buying an additional 419 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of SkyWest by 73.1% in the 2nd quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock valued at $192,000 after buying an additional 2,312 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in shares of SkyWest in the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 90.75% of the company’s stock.

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SkyWest Company Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.

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