SkyWest (NASDAQ:SKYW)‘s stock had its “outperform” rating reiterated by investment analysts at Imperial Capital in a report issued on Monday, February 4th, MarketBeat.com reports. They currently have a $69.00 target price on the transportation company’s stock, up from their prior target price of $63.00. Imperial Capital’s price objective would indicate a potential upside of 30.46% from the company’s current price. Imperial Capital also issued estimates for SkyWest’s Q1 2019 earnings at $1.23 EPS, Q2 2019 earnings at $1.57 EPS, Q3 2019 earnings at $1.68 EPS, Q4 2019 earnings at $1.42 EPS, FY2019 earnings at $5.90 EPS and FY2020 earnings at $6.25 EPS.
A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research restated a “hold” rating and issued a $63.00 price objective on shares of SkyWest in a report on Thursday, November 15th. BidaskClub raised shares of SkyWest from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Raymond James lifted their target price on shares of SkyWest from $69.00 to $70.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 31st. Evercore ISI raised shares of SkyWest from an “in-line” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Wednesday, October 31st. Finally, ValuEngine downgraded shares of SkyWest from a “hold” rating to a “sell” rating in a research report on Thursday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $65.86.
NASDAQ SKYW traded down $1.15 during trading hours on Monday, reaching $52.89. 258,417 shares of the company were exchanged, compared to its average volume of 232,983. The company has a market capitalization of $2.89 billion, a PE ratio of 9.98 and a beta of 1.69. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.02 and a current ratio of 1.10. SkyWest has a 1 year low of $42.38 and a 1 year high of $65.80.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, January 31st. The transportation company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.20. SkyWest had a net margin of 8.70% and a return on equity of 14.87%. The company had revenue of $803.49 million during the quarter, compared to analyst estimates of $789.62 million. As a group, analysts forecast that SkyWest will post 5.78 EPS for the current fiscal year.
In other news, Director Jerry C. Atkin sold 20,000 shares of the stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $56.04, for a total transaction of $1,120,800.00. Following the completion of the transaction, the director now directly owns 697,957 shares in the company, valued at approximately $39,113,510.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jerry C. Atkin sold 8,275 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $56.56, for a total value of $468,034.00. Following the transaction, the director now owns 697,957 shares of the company’s stock, valued at $39,476,447.92. The disclosure for this sale can be found here. Insiders have sold a total of 47,775 shares of company stock valued at $2,680,834 in the last ninety days. Insiders own 3.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc lifted its position in SkyWest by 23.4% in the fourth quarter. AdvisorNet Financial Inc now owns 1,553 shares of the transportation company’s stock worth $69,000 after buying an additional 295 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of SkyWest during the third quarter worth $150,000. Tower Research Capital LLC TRC lifted its position in shares of SkyWest by 924.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the transportation company’s stock worth $160,000 after purchasing an additional 2,451 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of SkyWest by 17.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,153 shares of the transportation company’s stock worth $140,000 after purchasing an additional 458 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of SkyWest during the third quarter worth $204,000. Institutional investors own 89.87% of the company’s stock.
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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