It Seems SkyWest, Inc. (SKYW) Will Go Up. Just Reaches Record High

March 18, 2018 - By reb123z

Investors sentiment is 0.93 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 26 investors sold SkyWest, Inc. shares while 60 reduced holdings. only 20 funds opened positions while 60 raised stakes. 46.63 million shares or 2.02% more from 45.71 million shares in 2017Q2 were reported.
Strs Ohio has invested 0% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). 63,686 were accumulated by Vident Investment Advisory Llc. Prudential Inc stated it has 0.04% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Rwc Asset Management Llp holds 0.8% or 300,000 shares in its portfolio. Northwestern Mutual Wealth Management Company has invested 0% in SkyWest, Inc. (NASDAQ:SKYW). Ameritas Inv Ptnrs invested 0.01% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Aqr Management Ltd Liability, Connecticut-based fund reported 123,715 shares. Kbc Grp Nv reported 85,670 shares. California Pub Employees Retirement System has 0.01% invested in SkyWest, Inc. (NASDAQ:SKYW) for 174,774 shares. Ameriprise Fincl owns 0.03% invested in SkyWest, Inc. (NASDAQ:SKYW) for 1.24 million shares. Dekabank Deutsche Girozentrale holds 0% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 2,705 shares. Pitcairn Com stated it has 4,666 shares. Royal Comml Bank Of Canada reported 0% stake. Brandywine Inv Limited Liability Company holds 0.06% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 205,300 shares. Amalgamated Fincl Bank invested 0.01% in SkyWest, Inc. (NASDAQ:SKYW).

Since November 1, 2017, it had 0 insider purchases, and 4 sales for $2.85 million activity. Woodward Eric sold $256,067 worth of stock. SIMMONS ROBERT J also sold $2.20M worth of SkyWest, Inc. (NASDAQ:SKYW) on Tuesday, March 6. The insider Vais Terry sold 5,800 shares worth $324,800.

The stock of SkyWest, Inc. (NASDAQ:SKYW) reached all time high today, Mar, 18 and still has $63.92 target or 6.00 % above today’s $60.30 share price. This indicates more upside for the $3.12 billion company. This technical setup was reported by If the $63.92 PT is reached, the company will be worth $187.38 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.73% or $1.6 during the last trading session, reaching $60.3. About 457,526 shares traded or 70.97% up from the average. SkyWest, Inc. (NASDAQ:SKYW) has risen 48.17% since March 18, 2017 and is uptrending. It has outperformed by 31.47% the S&P500.

Analysts await SkyWest, Inc. (NASDAQ:SKYW) to report earnings on April, 26. They expect $0.83 EPS, up 27.69 % or $0.18 from last year’s $0.65 per share. SKYW’s profit will be $42.99M for 18.16 P/E if the $0.83 EPS becomes a reality. After $0.81 actual EPS reported by SkyWest, Inc. for the previous quarter, Wall Street now forecasts 2.47 % EPS growth.

SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage

Among 6 analysts covering SkyWest (NASDAQ:SKYW), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. SkyWest had 24 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of SkyWest, Inc. (NASDAQ:SKYW) has “Buy” rating given on Thursday, October 26 by Deutsche Bank. The stock of SkyWest, Inc. (NASDAQ:SKYW) earned “Outperform” rating by Cowen & Co on Friday, September 4. The stock has “In-Line” rating by Imperial Capital on Monday, August 3. Sidoti initiated the shares of SKYW in report on Thursday, December 17 with “Buy” rating. The rating was maintained by Cowen & Co on Monday, September 11 with “Buy”. On Wednesday, January 6 the stock rating was upgraded by Raymond James to “Outperform”. The firm has “Buy” rating by Raymond James given on Wednesday, January 24. The stock of SkyWest, Inc. (NASDAQ:SKYW) earned “Outperform” rating by Cowen & Co on Friday, April 29. Cowen & Co maintained SkyWest, Inc. (NASDAQ:SKYW) rating on Friday, February 2. Cowen & Co has “Buy” rating and $62.0 target. Deutsche Bank maintained SkyWest, Inc. (NASDAQ:SKYW) on Friday, July 31 with “Buy” rating.

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company has market cap of $3.12 billion. As of December 31, 2016, it provided scheduled passenger and air freight services with approximately 3,160 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean; and had a fleet of 652 aircraft. It has a 7.46 P/E ratio. The firm operates its flights as Delta Connection, United Express, American Eagle, or Alaska under code-share arrangements.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.