Today Cowen Reaffirms a Outperform Rating on SkyWest (NASDAQ:SKYW) and a $66 Target Price

July 27, 2018 - By Pearl Odom

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.29, from 0.82 in 2017Q4. It increased, as 10 investors sold SkyWest, Inc. shares while 81 reduced holdings. 43 funds opened positions while 58 raised stakes. 46.08 million shares or 0.93% less from 46.52 million shares in 2017Q4 were reported.

Bancorporation Of Montreal Can accumulated 10,293 shares or 0% of the stock. Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.01% in SkyWest, Inc. (NASDAQ:SKYW). Cap One National Association invested 0.03% in SkyWest, Inc. (NASDAQ:SKYW). State Of Alaska Department Of Revenue stated it has 16,714 shares or 0.02% of all its holdings. Creative Planning accumulated 39,587 shares or 0.01% of the stock. Hanson Doremus has 0.35% invested in SkyWest, Inc. (NASDAQ:SKYW) for 20,969 shares. Group Inc has 0.01% invested in SkyWest, Inc. (NASDAQ:SKYW). Jacobs Levy Equity Mgmt reported 31,160 shares. Vanguard Gru stated it has 0.01% in SkyWest, Inc. (NASDAQ:SKYW). Clarivest Asset Mngmt Limited Liability invested 0.16% in SkyWest, Inc. (NASDAQ:SKYW). State Bank Of New York Mellon accumulated 0.04% or 2.99 million shares. Natixis has 3,810 shares for 0% of their portfolio. Credit Suisse Ag reported 33,957 shares. Principal Fincl Group Inc holds 404,411 shares or 0.02% of its portfolio. Louisiana State Employees Retirement stated it has 23,000 shares or 0.06% of all its holdings.

Since March 6, 2018, it had 0 insider purchases, and 3 selling transactions for $2.78 million activity. On Thursday, March 8 the insider Woodward Eric sold $256,067. 39,339 shares valued at $2.20M were sold by SIMMONS ROBERT J on Tuesday, March 6.

SkyWest (NASDAQ:SKYW) Rating Reaffirmed

They currently have a $66 target price on SkyWest (NASDAQ:SKYW). The target price by Cowen would suggest a potential upside of 14.68 % from the company’s last stock close price. This has been revealed to investors in a research note on 27 July.

SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage

Among 2 analysts covering SkyWest (NASDAQ:SKYW), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. SkyWest has $6300 highest and $55 lowest target. $61.50’s average target is 6.86% above currents $57.55 stock price. SkyWest had 4 analyst reports since February 2, 2018 according to SRatingsIntel. On Tuesday, February 6 the stock rating was maintained by Imperial Capital with “In-Line”. The stock of SkyWest, Inc. (NASDAQ:SKYW) has “Buy” rating given on Friday, February 2 by Cowen & Co. Cowen & Co maintained it with “Buy” rating and $6300 target in Friday, April 27 report.

The stock increased 2.95% or $1.65 during the last trading session, reaching $57.55. About 159,747 shares traded. SkyWest, Inc. (NASDAQ:SKYW) has risen 60.74% since July 27, 2017 and is uptrending. It has outperformed by 48.17% the S&P500.

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company has market cap of $3.00 billion. As of December 31, 2017, it provided scheduled passenger and air freight services with approximately 2,980 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean; and had a fleet of 595 aircraft available for scheduled service. It has a 6.8 P/E ratio. The firm operates its flights as Delta Connection, United Express, American Eagle, or Alaska under code-share arrangements.

More important recent SkyWest, Inc. (NASDAQ:SKYW) news were published by: Seekingalpha.com which released: “SkyWest, Inc. (SKYW) CEO Chip Childs on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018, also Fool.com published article titled: “United Continental’s Small-City Strategy Is Showing Cracks”, Seekingalpha.com published: “Mesa Air Group files for IPO” on July 13, 2018. More interesting news about SkyWest, Inc. (NASDAQ:SKYW) was released by: Seekingalpha.com and their article: “Is Hawaiian Holdings A Better Airline Buy Than American Airlines?” with publication date: July 10, 2018.

SkyWest, Inc. (NASDAQ:SKYW) Institutional Positions Chart

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