America Airlines – SkyWest (NASDAQ:SKYW) Downgraded by Deutsche Bank Aktiengesellschaft to Maintain
SkyWest (NASDAQ:SKYW) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “purchase” score to a “maintain” score in a analysis report issued to shoppers and buyers on Friday, Briefing.com reviews. They at present have a $45.00 price goal on the transportation firm’s stock, up from their earlier price goal of $39.00. Deutsche Bank Aktiengesellschaft’s price goal would recommend a possible upside of 0.96% from the corporate’s earlier shut.
Quite a lot of different analysts have additionally just lately issued reviews on SKYW. BidaskClub lower SkyWest from a “maintain” score to a “promote” score in a report on Friday, October 2nd. ValuEngine raised shares of SkyWest from a “maintain” score to a “purchase” score in a analysis report on Tuesday, December 1st. Raymond James lifted their goal price on shares of SkyWest from $42.00 to $56.00 and gave the corporate a “strong-buy” score in a report on Monday, November 30th. Lastly, Zacks Funding Analysis upgraded SkyWest from a “robust promote” score to a “maintain” score and set a $33.00 price goal for the corporate in a report on Wednesday, October 21st. One analyst has rated the stock with a promote score, two have assigned a maintain score, six have issued a purchase score and one has given a robust purchase score to the stock. The stock has a mean score of “Purchase” and a consensus price goal of $51.86.
Shares of NASDAQ SKYW opened at $44.57 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 13.51 and a beta of 1.90. The corporate has a fast ratio of 0.86, a present ratio of 0.96 and a debt-to-equity ratio of 1.24. The agency has a fifty day shifting common of $36.69 and a 200-day shifting common of $33.19. SkyWest has a 52-week low of $10.58 and a 52-week excessive of $66.52.
SkyWest (NASDAQ:SKYW) final issued its earnings outcomes on Thursday, October 29th. The transportation firm reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.85. The agency had income of $457.90 million for the quarter, in comparison with analysts’ expectations of $444.15 million. SkyWest had a return on fairness of seven.82% and a web margin of 6.51%. The agency’s income for the quarter was down 39.8% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the agency earned $1.79 earnings per share. Equities analysis analysts anticipate that SkyWest will submit 0.33 EPS for the present fiscal 12 months.
Quite a lot of institutional buyers and hedge funds have just lately added to or lowered their stakes within the stock. Raymond James & Associates lifted its holdings in SkyWest by 19.3% within the third quarter. Raymond James & Associates now owns 35,135 shares of the transportation firm’s stock worth $1,049,000 after shopping for a further 5,685 shares within the final quarter. Steward Companions Funding Advisory LLC lifted its stake in shares of SkyWest by 26.9% within the second quarter. Steward Companions Funding Advisory LLC now owns 21,955 shares of the transportation firm’s stock worth $716,000 after buying a further 4,657 shares within the final quarter. Charles Schwab Funding Administration Inc. boosted its holdings in SkyWest by 17.6% within the second quarter. Charles Schwab Funding Administration Inc. now owns 385,870 shares of the transportation firm’s stock valued at $12,588,000 after buying a further 57,729 shares over the past quarter. Russell Investments Group Ltd. grew its stake in SkyWest by 13.9% through the 2nd quarter. Russell Investments Group Ltd. now owns 193,949 shares of the transportation firm’s stock valued at $6,326,000 after buying a further 23,662 shares within the final quarter. Lastly, AlphaCrest Capital Administration LLC bought a brand new stake in SkyWest through the 2nd quarter worth roughly $249,000. 89.28% of the stock is owned by institutional buyers and hedge funds.
SkyWest, Inc is the holding firm for 2 scheduled passenger airline operations and an plane leasing firm. SkyWest’s airline firms present industrial air service in cities all through North America with almost 3,000 day by day flights carrying greater than 53 million passengers yearly. SkyWest Airlines operates via partnerships with United Airlines, Delta Air Strains, American Airlines and Alaska Airlines.
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