SkyWest (NASDAQ:SKYW) Price Target Raised to $120.00

SkyWest (NASDAQ:SKYW - Free Report) had its price target increased by TD Cowen from $95.00 to $120.00 in a report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the transportation company's stock.

Separately, Raymond James lifted their price objective on shares of SkyWest from $100.00 to $114.00 and gave the company an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.33.

SkyWest Trading Up 5.0 %

Shares of NASDAQ:SKYW traded up $4.99 during trading on Tuesday, hitting $104.23. The company had a trading volume of 502,256 shares, compared to its average volume of 405,956. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.74. The company has a fifty day simple moving average of $85.31 and a two-hundred day simple moving average of $80.20. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 18.01 and a beta of 1.93. SkyWest has a one year low of $41.96 and a one year high of $105.99.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm had revenue of $912.79 million during the quarter, compared to analysts' expectations of $896.21 million. During the same period in the previous year, the company earned $0.55 EPS. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, equities analysts forecast that SkyWest will post 6.96 earnings per share for the current year.

Institutional Investors Weigh In On SkyWest

Institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its holdings in SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company's stock worth $31,000 after acquiring an additional 342 shares in the last quarter. Kings Path Partners LLC acquired a new position in SkyWest during the 2nd quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of SkyWest in the second quarter worth $54,000. CWM LLC lifted its stake in shares of SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company's stock worth $63,000 after buying an additional 279 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of SkyWest by 45.9% during the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company's stock valued at $76,000 after buying an additional 292 shares during the last quarter. Institutional investors own 81.30% of the company's stock.

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.