A number of firms have modified their ratings and price targets on shares of SkyWest (NASDAQ: SKYW) recently:
- 11/6/2019 – SkyWest was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
- 11/4/2019 – SkyWest is now covered by analysts at Stephens. They set an “overweight” rating and a $75.00 price target on the stock.
- 10/31/2019 – SkyWest was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
- 10/23/2019 – SkyWest was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 10/8/2019 – SkyWest was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
- 10/2/2019 – SkyWest was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
SKYW stock traded down $0.64 during trading on Monday, hitting $62.51. The company had a trading volume of 7,240 shares, compared to its average volume of 225,054. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $57.91 and a 200-day moving average price of $58.91. SkyWest, Inc. has a 12 month low of $42.38 and a 12 month high of $63.69. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 11.79 and a beta of 1.58.
SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.05. SkyWest had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $760.30 million during the quarter, compared to analysts’ expectations of $752.93 million. During the same quarter in the previous year, the company posted $1.57 EPS. SkyWest’s revenue was down 8.3% on a year-over-year basis. Equities analysts expect that SkyWest, Inc. will post 6.22 EPS for the current year.
In related news, COO Michael B. Thompson sold 5,523 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $60.19, for a total value of $332,429.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wade J. Steel sold 17,030 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $60.02, for a total transaction of $1,022,140.60. The disclosure for this sale can be found here. Insiders sold a total of 32,553 shares of company stock valued at $1,955,270 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of SKYW. Meeder Asset Management Inc. raised its position in shares of SkyWest by 95.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 646 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 316 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of SkyWest during the 3rd quarter valued at $39,000. AdvisorNet Financial Inc raised its position in shares of SkyWest by 32.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,852 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 457 shares during the last quarter. C M Bidwell & Associates Ltd. raised its position in shares of SkyWest by 90.6% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,630 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SkyWest during the 2nd quarter valued at $176,000. Institutional investors own 90.04% 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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