SkyWest (NASDAQ:SKYW – Get Rating) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report issued on Thursday, The Fly reports. The brokerage currently has a $46.00 price objective on the transportation company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 24.66% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. StockNews.com began coverage on shares of SkyWest in a research report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet upgraded shares of SkyWest from a “d+” rating to a “c-” rating in a report on Wednesday, April 19th. Finally, Raymond James upgraded SkyWest from an “underperform” rating to a “market perform” rating in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.50.
SkyWest Stock Performance
Shares of SkyWest stock opened at $36.90 on Thursday. The company’s 50 day moving average price is $27.59 and its two-hundred day moving average price is $21.99. The firm has a market capitalization of $1.64 billion, a P/E ratio of 56.77 and a beta of 1.88. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.09 and a quick ratio of 0.98. SkyWest has a fifty-two week low of $14.76 and a fifty-two week high of $37.92.
SkyWest (NASDAQ:SKYW – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.09. The business had revenue of $691.83 million for the quarter, compared to analyst estimates of $673.84 million. SkyWest had a return on equity of 3.44% and a net margin of 1.12%. SkyWest’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities analysts forecast that SkyWest will post -1.69 earnings per share for the current fiscal year.
Institutional Trading of SkyWest
A number of institutional investors have recently bought and sold shares of SKYW. EP Wealth Advisors LLC bought a new stake in shares of SkyWest during the 1st quarter valued at about $471,000. Thrivent Financial for Lutherans boosted its holdings in shares of SkyWest by 2.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 177,038 shares of the transportation company’s stock worth $3,924,000 after buying an additional 4,902 shares in the last quarter. Jane Street Group LLC grew its position in shares of SkyWest by 698.2% during the 1st quarter. Jane Street Group LLC now owns 225,900 shares of the transportation company’s stock worth $5,008,000 after buying an additional 197,600 shares during the period. First Trust Advisors LP increased its stake in shares of SkyWest by 11.5% in the 1st quarter. First Trust Advisors LP now owns 238,724 shares of the transportation company’s stock valued at $5,293,000 after acquiring an additional 24,708 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SkyWest by 6.3% during the 1st quarter. Geode Capital Management LLC now owns 1,001,393 shares of the transportation company’s stock valued at $22,201,000 after acquiring an additional 59,081 shares during the period. Institutional investors own 80.82% of the company’s stock.
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.