The SkyWest, Inc. (SKYW) Stock Rating Upgraded by TheStreet

The SkyWest, Inc. (SKYW) Stock Rating Upgraded by TheStreet

A number of other equities analysts have also recently commented on SKYW. Deutsche Bank AG lifted their price objective on shares of SkyWest from $45.00 to $47.00 and gave the stock a buy rating in a research report on Friday, April 28th. Zacks Investment Research cut shares of SkyWest from a buy rating to a hold rating in a research report on Wednesday, March 15th. Raymond James Financial, Inc. raised shares of SkyWest from an outperform rating to a strong-buy rating in a research report on Thursday, April 13th. Finally, Imperial Capital began coverage on shares of SkyWest in a research report on Friday, March 24th. They set an in-line rating and a $38.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. SkyWest has an average rating of Buy and an average price target of $40.80.

TheStreet upgraded shares of SkyWest, Inc. (NASDAQ:SKYW) from a c+ rating to a b- rating in a research report sent to investors on Monday, May 22nd.

Shares of SkyWest (SKYW) opened at 35.975 on Monday. The stock’s market cap is $1.86 billion. The company’s 50-day moving average is $35.24 and its 200 day moving average is $35.69. SkyWest has a 1-year low of $23.33 and a 1-year high of $39.85. SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, April 27th. The transportation company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.13. SkyWest had a negative net margin of 5.18% and a positive return on equity of 9.35%. The business had revenue of $765.42 million during the quarter, compared to analysts’ expectations of $745.95 million. During the same period last year, the business earned $0.52 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Equities research analysts anticipate that SkyWest will post $3.17 EPS for the current year.

Shares of SkyWest (SKYW) opened at 35.975 on Monday. The stock’s market cap is $1.86 billion. The company’s 50-day moving average is $35.24 and its 200 day moving average is $35.69. SkyWest has a 1-year low of $23.33 and a 1-year high of $39.85. The firm also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, June 28th. SkyWest’s payout ratio is -6.37%.

In other SkyWest news, COO Michael B. Thompson sold 4,700 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $35.32, for a total transaction of $166,004.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is currently owned by insiders. Several hedge funds have recently added to or reduced their stakes in SKYW. Flinton Capital Management LLC purchased a new stake in SkyWest during the fourth quarter valued at $111,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in SkyWest by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,542 shares of the transportation company’s stock valued at $129,000 after buying an additional 121 shares during the period. Bank of Montreal Can boosted its stake in SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after buying an additional 334 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in SkyWest during the first quarter valued at $138,000. Finally, Pacad Investment Ltd. boosted its stake in SkyWest by 1,100.0% in the fourth quarter. Pacad Investment Ltd. now owns 4,800 shares of the transportation company’s stock valued at $175,000 after buying an additional 4,400 shares during the period. Institutional investors own 87.19% of the company’s stock.

SkyWest Company Profile SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SKYW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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