SkyWest (SKYW) Stock Rating Upgraded by Evercore ISI

SkyWest (NASDAQ:SKYW) was upgraded by analysts at Evercore ISI to an “outperform” rating in a research report issued on Wednesday, The Fly reports.

Several other analysts have also issued reports on SKYW. Zacks Investment Research lowered shares of SkyWest from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. BidaskClub raised shares of SkyWest from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised shares of SkyWest from a “hold” rating to a “buy” rating in a research report on Saturday, July 28th. Cowen boosted their price target on shares of SkyWest from $63.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, July 27th. Finally, Imperial Capital boosted their price target on shares of SkyWest from $60.00 to $63.00 and gave the company an “inline” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $65.75.

NASDAQ SKYW opened at $51.26 on Wednesday. SkyWest has a 12-month low of $45.55 and a 12-month high of $65.80. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.97 and a current ratio of 1.11. The company has a market capitalization of $2.60 billion, a PE ratio of 14.94 and a beta of 1.63.



SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Tuesday, October 30th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.17. SkyWest had a net margin of 14.73% and a return on equity of 13.20%. The company had revenue of $829.00 million for the quarter, compared to analyst estimates of $825.57 million. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts predict that SkyWest will post 4.91 earnings per share for the current fiscal year.

In related news, COO Terry Vais sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $64.43, for a total transaction of $103,088.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric Woodward sold 5,879 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $61.18, for a total transaction of $359,677.22. The disclosure for this sale can be found here. Insiders have sold a total of 69,940 shares of company stock worth $4,219,716 in the last ninety days. 3.60% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in SkyWest by 3.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 486,815 shares of the transportation company’s stock worth $25,266,000 after acquiring an additional 16,932 shares during the period. Chicago Equity Partners LLC bought a new position in shares of SkyWest in the 2nd quarter worth $1,749,000. OppenheimerFunds Inc. increased its holdings in shares of SkyWest by 11.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 36,544 shares of the transportation company’s stock worth $1,897,000 after buying an additional 3,612 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of SkyWest by 11.8% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 331,300 shares of the transportation company’s stock worth $17,194,000 after buying an additional 35,000 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of SkyWest by 7.2% in the 2nd quarter. BlackRock Inc. now owns 6,979,037 shares of the transportation company’s stock worth $362,211,000 after buying an additional 470,480 shares during the last quarter. 89.71% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Company Profile

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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