SkyWest, Inc. (SKYW) Price Target Increased to $47.00 by Analysts at Imperial Capital

SkyWest, Inc. (NASDAQ:SKYW) had its target price boosted by Imperial Capital from $38.00 to $47.00 in a research note released on Tuesday morning. The brokerage currently has an in-line rating on the transportation company’s stock. Imperial Capital also issued estimates for SkyWest’s Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $3.32 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $1.06 EPS and FY2018 earnings at $3.85 EPS.

A number of other analysts also recently weighed in on the stock. BidaskClub downgraded shares of SkyWest from a sell rating to a strong sell rating in a report on Tuesday, August 22nd. ValuEngine cut shares of SkyWest from a strong-buy rating to a buy rating in a research report on Monday, September 4th. Cowen and Company upped their price objective on shares of SkyWest from $44.00 to $52.00 and gave the stock an outperform rating in a research report on Monday, October 2nd. Zacks Investment Research cut shares of SkyWest from a buy rating to a hold rating in a research report on Tuesday, September 19th. Finally, Deutsche Bank AG upped their price objective on shares of SkyWest from $47.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $47.00.

SkyWest (NASDAQ:SKYW) remained flat at $47.10 during mid-day trading on Tuesday. The company had a trading volume of 175,214 shares. The firm’s market cap is $2.44 billion. SkyWest has a 12 month low of $28.80 and a 12 month high of $48.45. The firm has a 50 day moving average of $44.26 and a 200-day moving average of $38.03.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $831.93 million during the quarter, compared to the consensus estimate of $817.43 million. During the same quarter in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts forecast that SkyWest will post $3.32 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Friday, September 29th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, September 28th. SkyWest’s dividend payout ratio (DPR) is currently -12.26%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parametrica Management Ltd acquired a new position in SkyWest in the 3rd quarter valued at approximately $405,000. Victory Capital Management Inc. increased its position in shares of SkyWest by 87.0% during the third quarter. Victory Capital Management Inc. now owns 1,420,063 shares of the transportation company’s stock worth $62,340,000 after buying an additional 660,859 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of SkyWest during the third quarter worth $714,000. Boston Advisors LLC acquired a new stake in shares of SkyWest during the third quarter worth $864,000. Finally, Alpha Windward LLC acquired a new stake in shares of SkyWest during the third quarter worth $590,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

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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