The stock of SkyWest, Inc. (NASDAQ:SKYW) is a huge mover today! About 109,140 shares traded hands. SkyWest, Inc. (NASDAQ:SKYW) has risen 46.32% since February 29, 2016 and is uptrending. It has outperformed by 34.10% the S&P500.
The move comes after 5 months positive chart setup for the $1.39 billion company. It was reported on Oct, 3 by Barchart.com. We have $39.17 PT which if reached, will make NASDAQ:SKYW worth $611.60M more.
Analysts await SkyWest, Inc. (NASDAQ:SKYW) to report earnings on October, 25. They expect $0.80 EPS, up 12.68% or $0.09 from last year’s $0.71 per share. SKYW’s profit will be $40.88 million for 8.50 P/E if the $0.80 EPS becomes a reality. After $0.77 actual EPS reported by SkyWest, Inc. for the previous quarter, Wall Street now forecasts 3.90% EPS growth.
SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage
Out of 6 analysts covering SkyWest (NASDAQ:SKYW), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. SkyWest has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was upgraded by Cowen & Co on Friday, September 4 to “Outperform”. The stock of SkyWest, Inc. (NASDAQ:SKYW) earned “Buy” rating by Sidoti on Thursday, December 17. On Friday, April 29 the stock rating was maintained by Cowen & Co with “Outperform”. Raymond James downgraded the shares of SKYW in a report on Tuesday, October 13 to “Market Perform” rating. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. On Wednesday, January 6 the stock rating was upgraded by Raymond James to “Outperform”. The rating was maintained by Imperial Capital with “In-Line” on Monday, August 3. As per Friday, July 31, the company rating was upgraded by Evercore. The stock has “Outperform” rating given by Cowen & Co on Wednesday, October 21.
According to Zacks Investment Research, “SkyWest, Inc., through its wholly-owned subsidiary, SkyWest Airlines, Inc. , operates one of the larger regional airlines in the United States. SkyWest provides passenger and air freight service and completes over 880 daily flights. Pursuant to a joint marketing and code sharing agreement with Delta Airlines, Inc., SkyWest operates as a Delta Connection in certain SkyWest markets. SkyWest entered into a marketing and code sharing agreement with Continental Airlines, Inc. Which allows SkyWest to operate as a Continental Connection in certain markets in and out of Los Angeles.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.07, from 1.19 in 2016Q1. The ratio dived, as 21 funds sold all SkyWest, Inc. shares owned while 63 reduced positions. 31 funds bought stakes while 63 increased positions. They now own 42.86 million shares or 9.81% less from 47.52 million shares in 2016Q1.
Aperio Ltd Limited Liability Company has 0.01% invested in the company for 63,928 shares. Lazard Asset Mngmt Limited Liability Corporation has invested 0% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Gerstein Fisher last reported 0.03% of its portfolio in the stock. Diam, a Japan-based fund reported 29,539 shares. The North Carolina-based Piedmont Investment Advsr Limited Liability has invested 0% in SkyWest, Inc. (NASDAQ:SKYW). Petrus Tru Lta accumulated 0.05% or 9,136 shares. Lsv Asset holds 0.04% or 673,911 shares in its portfolio. Metropolitan Life Ins Ny last reported 36,336 shares in the company. Moreover, Schwab Charles Invest Mngmt Inc has 0.02% invested in SkyWest, Inc. (NASDAQ:SKYW) for 477,146 shares. First Personal Fin Services has 0% invested in the company for 355 shares. Engineers Gate Manager Limited Partnership last reported 0.1% of its portfolio in the stock. Manufacturers Life Ins Commerce The holds 0% or 32,787 shares in its portfolio. Tudor Investment Corp Et Al last reported 0.01% of its portfolio in the stock. Ancora Ltd Llc has invested 0.28% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Morgan Stanley reported 394,736 shares or 0% of all its holdings.
Insider Transactions: Since April 4, 2016, the stock had 1 buying transaction, and 6 sales for $1.83 million net activity. Steel Wade J sold $265,380 worth of stock. On Wednesday, August 10 the insider SIMMONS ROBERT J bought $27,690. Vais Terry had sold 9,562 shares worth $239,082. ATKIN JERRY C sold 21,050 shares worth $594,956. $619,446 worth of shares were sold by Childs Russell A on Thursday, August 11. Thompson Michael B sold $225,122 worth of stock.
More notable recent SkyWest, Inc. (NASDAQ:SKYW) news were published by: Fool.com which released: “Why SkyWest, Inc. Shares Skyrocketed 17.6% in April” on May 10, 2016, also Prnewswire.com with their article: “SkyWest, Inc. Reports Combined August 2016 Traffic for SkyWest Airlines and …” published on September 09, 2016, Fool.com published: “Why SkyWest, Inc. Stock Soared 12% in June” on July 07, 2016. More interesting news about SkyWest, Inc. (NASDAQ:SKYW) were released by: Prnewswire.com and their article: “SkyWest, Inc. Announces Second Quarter 2016 Profit” published on July 28, 2016 as well as Prnewswire.com‘s news article titled: “SkyWest, Inc. Announces First Quarter 2016 Profit” with publication date: April 28, 2016.
SKYW Company Profile
Skywest, Inc., incorporated on March 2, 1972, is a holding firm for approximately two scheduled passenger airline activities and an aircraft leasing company. The Firm operates through two divisions: SkyWest Airlines and ExpressJet. The Company, through its subsidiaries, SkyWest Airlines, Inc. (SkyWest Airlines) and ExpressJet Airlines, Inc. (ExpressJet), offers scheduled passenger service with approximately 3,400 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. The Company’s flights are operated as Delta Connection, United Express, US Airways Express, American Eagle or Alaska under code-share arrangements with Delta Air Lines, Inc. (Delta), United Air Lines, Inc. (United), US Airways Group, Inc. (US Airways), American Airlines, Inc. (American) or Alaska Airlines, Inc. (Alaska), respectively.
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