Shares of SkyWest, Inc. (NASDAQ:SKYW – Get Rating) gapped down before the market opened on Friday . The stock had previously closed at $20.00, but opened at $19.28. SkyWest shares last traded at $19.60, with a volume of 706 shares traded.
Analysts Set New Price Targets
Several brokerages have weighed in on SKYW. The Goldman Sachs Group began coverage on shares of SkyWest in a research note on Friday, December 16th. They set a "sell" rating and a $15.00 target price for the company. TheStreet lowered shares of SkyWest from a "c" rating to a "d+" rating in a research note on Wednesday, November 16th. StockNews.com began coverage on shares of SkyWest in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of SkyWest from $25.00 to $19.00 in a research note on Tuesday, December 20th. Finally, Cowen lowered their target price on shares of SkyWest to $24.00 in a research note on Tuesday, November 1st. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, SkyWest currently has an average rating of "Hold" and an average price target of $24.60.
Get SkyWest alerts:SkyWest Trading Up 2.0 %
The company's 50 day moving average price is $17.56 and its 200 day moving average price is $19.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.99. The firm has a market cap of $1.03 billion, a PE ratio of 8.26 and a beta of 1.75.
SkyWest (NASDAQ:SKYW – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The transportation company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.72 by $0.24. SkyWest had a net margin of 4.01% and a return on equity of 5.35%. The business had revenue of $789.44 million during the quarter, compared to analyst estimates of $829.52 million. As a group, analysts forecast that SkyWest, Inc. will post 2.47 EPS for the current fiscal year.Institutional Trading of SkyWest
Several hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in SkyWest by 1.3% in the first quarter. Great West Life Assurance Co. Can now owns 43,153 shares of the transportation company's stock valued at $1,277,000 after acquiring an additional 556 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in SkyWest by 4.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,370 shares of the transportation company's stock valued at $217,000 after acquiring an additional 567 shares in the last quarter. Texas Permanent School Fund raised its holdings in SkyWest by 2.0% in the second quarter. Texas Permanent School Fund now owns 36,419 shares of the transportation company's stock valued at $774,000 after acquiring an additional 702 shares in the last quarter. EMC Capital Management raised its holdings in SkyWest by 47.9% in the second quarter. EMC Capital Management now owns 2,460 shares of the transportation company's stock valued at $52,000 after acquiring an additional 797 shares in the last quarter. Finally, Strs Ohio raised its holdings in SkyWest by 2.2% in the second quarter. Strs Ohio now owns 36,400 shares of the transportation company's stock valued at $773,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company's stock.
SkyWest Company Profile
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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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