Analysts Set SkyWest, Inc. (NASDAQ:SKYW) PT at $105.75

Shares of SkyWest, Inc. (NASDAQ:SKYW - Get Free Report) have received an average recommendation of "Moderate Buy" from the four ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $105.75.

SKYW has been the subject of several analyst reports. The Goldman Sachs Group reissued a "neutral" rating and set a $119.00 price target on shares of SkyWest in a research report on Friday. TD Cowen boosted their price target on SkyWest from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Raymond James increased their price objective on SkyWest from $100.00 to $114.00 and gave the company an "outperform" rating in a research report on Friday, November 1st.

SkyWest Stock Up 0.5 %

NASDAQ:SKYW traded up $0.52 during mid-day trading on Friday, hitting $111.33. 316,687 shares of the company's stock were exchanged, compared to its average volume of 406,282. The company has a market cap of $4.49 billion, a PE ratio of 19.03 and a beta of 1.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. SkyWest has a one year low of $44.71 and a one year high of $116.47. The business has a fifty day moving average price of $90.99 and a 200 day moving average price of $82.26.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.24. The firm had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. SkyWest's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities analysts predict that SkyWest will post 7.16 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 16,485 shares of SkyWest stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.02, for a total transaction of $1,731,254.70. Following the transaction, the chief financial officer now directly owns 113,539 shares in the company, valued at approximately $11,923,865.78. The trade was a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wade J. Steel sold 19,079 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the completion of the sale, the insider now owns 97,654 shares of the company's stock, valued at approximately $10,202,889.92. The trade was a 16.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,467 shares of company stock valued at $10,082,596. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in SkyWest by 90.2% during the second quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company's stock valued at $45,225,000 after purchasing an additional 261,349 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of SkyWest by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company's stock valued at $94,510,000 after buying an additional 165,670 shares in the last quarter. FMR LLC boosted its holdings in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company's stock worth $41,162,000 after buying an additional 143,661 shares during the period. Millennium Management LLC boosted its holdings in SkyWest by 27.7% in the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company's stock worth $36,602,000 after buying an additional 96,830 shares during the period. Finally, Nicholas Investment Partners LP increased its stake in SkyWest by 82.9% in the 2nd quarter. Nicholas Investment Partners LP now owns 188,272 shares of the transportation company's stock worth $15,451,000 after buying an additional 85,356 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

About SkyWest

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.