SkyWest, Inc. (SKYW) Receives $41.67 Average Price Target from Analysts

SkyWest, Inc. (NASDAQ:SKYW) has been given a consensus rating of “Buy” by the ten research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.67.

SKYW has been the topic of a number of analyst reports. ValuEngine upgraded SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded SkyWest from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, May 2nd. BidaskClub downgraded SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Cowen and Company restated an “outperform” rating and issued a $44.00 price target (up from $40.00) on shares of SkyWest in a research note on Monday, August 7th. Finally, TheStreet upgraded SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd.

Hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. increased its stake in SkyWest by 0.7% in the first quarter. Suntrust Banks Inc. now owns 8,133 shares of the transportation company’s stock worth $278,000 after buying an additional 55 shares during the last quarter. Flinton Capital Management LLC increased its stake in SkyWest by 3.3% in the first quarter. Flinton Capital Management LLC now owns 3,162 shares of the transportation company’s stock worth $108,000 after buying an additional 102 shares during the last quarter. Capital One National Association increased its stake in SkyWest by 1.2% in the first quarter. Capital One National Association now owns 9,645 shares of the transportation company’s stock worth $330,000 after buying an additional 110 shares during the last quarter. Amalgamated Bank increased its stake in SkyWest by 1.6% in the second quarter. Amalgamated Bank now owns 6,926 shares of the transportation company’s stock worth $243,000 after buying an additional 110 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in SkyWest by 1.5% in the second quarter. SG Americas Securities LLC now owns 9,262 shares of the transportation company’s stock worth $325,000 after buying an additional 133 shares during the last quarter. Institutional investors own 90.32% of the company’s stock.

TRADEMARK VIOLATION WARNING: “SkyWest, Inc. (SKYW) Receives $41.67 Average Price Target from Analysts” was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.com-unik.info/2017/08/14/skywest-inc-skyw-receives-41-67-average-price-target-from-analysts.html.

Shares of SkyWest (NASDAQ SKYW) traded up 0.54% on Friday, hitting $36.90. The stock had a trading volume of 159,952 shares. The firm has a 50 day moving average of $36.62 and a 200 day moving average of $35.58. SkyWest has a 12 month low of $25.04 and a 12 month high of $39.85. The stock’s market cap is $1.91 billion.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The firm had revenue of $809.76 million for the quarter, compared to the consensus estimate of $790.14 million. During the same period in the previous year, the business earned $0.77 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that SkyWest will post $3.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 0.87%. SkyWest’s payout ratio is -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.

Analyst Recommendations for SkyWest (NASDAQ:SKYW)

What are top analysts saying about SkyWest Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SkyWest Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit