In a report released yesterday, Catherine O’Brien from Goldman Sachs maintained a Sell rating on SkyWest (SKYW – Research Report). The company’s shares closed yesterday at $54.09.
According to TipRanks, O’Brien is an analyst with an average return of -8.5% and a 41.38% success rate. O’Brien covers the Industrials sector, focusing on stocks such as Sun Country Airlines Holdings, Air Lease, and Alaska Air.
SkyWest has an analyst consensus of Moderate Sell, with a price target consensus of $55.00.
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Based on SkyWest’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $766.17 million and a net profit of $23.48 million. In comparison, last year the company earned a revenue of $789.44 million and had a net profit of $48.37 million
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SkyWest (SKYW) Company Description:
Sky West, Inc. is a holding company, which engages in the provision of scheduled passenger services in the United States of America, Canada, Mexico and the Caribbean. It operates through the following three segments: SkyWest Airlines and SkyWest Leasing. The SkyWest Airlines segment provides as well as Mexico and Canada. The SkyWest Leasing segment includes revenue attributed from ownership cost earned under the applicable cost and fixed-fee flying contracts. The company was founded in 1972 and is headquartered in St. George, UT.
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