SkyWest, Inc. (NASDAQ:SKYW) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday, July 31st.
Several other analysts have also issued reports on SKYW. UBS AG raised shares of SkyWest from an “outperform” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a research report on Thursday, April 13th. TheStreet raised shares of SkyWest from a “c+” rating to a “b-” rating in a research report on Monday, May 22nd. Deutsche Bank AG upped their target price on shares of SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Raymond James Financial, Inc. raised shares of SkyWest from an “outperform” rating to a “strong-buy” rating in a report on Thursday, April 13th. Finally, ValuEngine raised shares of SkyWest from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.67.
SkyWest (NASDAQ SKYW) traded down 4.05% on Monday, reaching $36.70. 457,239 shares of the company’s stock traded hands. The stock’s market cap is $1.90 billion. The company’s 50 day moving average is $36.62 and its 200-day moving average is $35.58. SkyWest has a 52-week low of $25.04 and a 52-week high of $39.85.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The company had revenue of $809.76 million for the quarter, compared to analyst estimates of $790.14 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts expect that SkyWest will post $3.26 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in shares of SkyWest by 108.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock worth $100,000 after buying an additional 1,488 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of 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. Bank of Montreal Can raised its position in shares of SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock worth $126,000 after buying an additional 334 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of SkyWest during the first quarter worth approximately $138,000. Finally, Riverhead Capital Management LLC raised its position in shares of SkyWest by 81.0% in the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock worth $146,000 after buying an additional 1,862 shares during the last quarter. 90.84% of the stock is currently owned by institutional investors and hedge funds.
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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