SkyWest (NASDAQ:SKYW) Target Raised by Goldman Sachs Group Inc to $53.00

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SkyWest stock has undergone multiple analysts rating changes in the recent past.  SkyWest stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $53.00. The analysts previously had $41.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 73.32% from the stock’s previous close.

Shares of SkyWest traded up $1.45 on Monday, reaching $32.03. 140156 shares of the stock traded hands, compared to its average volume of 808724. Shares of were trading at $32.03 on Monday. The firm’s 50 day moving average is $$30.57 and its 200 day moving average is $47.45.SkyWest  has a 12 month low of $30.40 and a 12 month high of $66.52. While on yearly highs and lows, SkyWest today has traded high as $32.35 and has touched $30.40 on the downward trend.

SkyWest Earnings and What to expect: 

SkyWest last released its quarterly earnings results on May 7th, 2020. The transportation company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.91 by $0.32. The business earned $729.94 million during the quarter, compared to analysts’ expectations of $700.10 million. Its revenue was up .9% compared to the same quarter last year. SkyWest has generated $6.25 earnings per share over the last year and currently has a price-to-earnings ratio of 5.5. SkyWest has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 29th, 2020 based off prior year’s report dates.

Earnings for SkyWest are expected to grow by 258.20% in the coming year, from $1.22 to $4.37 per share. The P/E ratio of SkyWest is 5.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.99. The P/E ratio of SkyWest is 5.54, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.78. SkyWest has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.70%
  • On 3/13/2020 CFO Robert J. Simmons Buy 4,000 at average share price of $25.64 which equates to $102,560.00 in money value.
  • On 3/13/2020 Director W Steve Albrecht Buy 11,787 at average price of  $25.54 with total value of : Not Data Available
  • On 3/9/2020 Director Jerry C Atkin Buy 15,500 at average price of  $37.90 with total value of : $587,450.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for SkyWest

  • 6/5/2020 – SkyWest was downgraded by analysts at Evercore ISI from an “outperform” rating to a “hold” rating. They now have a $45.00 price target on the stock.
  • 6/1/2020 – SkyWest was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/29/2020 – SkyWest was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/14/2020 – SkyWest was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Shopify had its price target raised by analysts at Goldman Sachs Group Inc from $786.00 to $1,127.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – Spirit Airlines had its price target raised by analysts at Goldman Sachs Group Inc from $15.00 to $20.00. They now have a “conviction-buy” rating on the stock.
  • 6/29/2020 – JetBlue Airways had its price target raised by analysts at Goldman Sachs Group Inc from $12.00 to $17.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – United Continental had its price target raised by analysts at Goldman Sachs Group Inc from $40.00 to $61.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

SkyWest (NASDAQ:SKYW) Moving Average Technical Analysis

5 day Moving Average is $$31.44 And 5 day price change is -$2.94 (-8.77%)  with average volume for 5 day average is 754,960. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $35.66 and 20 day price change is -$1.49 (-4.65%) and average 20 day moving volume is 865,575. 50 day moving average is $30.57  and 50 day price change is $5.36 ( 21.25%)  and with average volume for 50 days is : 785,928. 200 day moving average is $47.45  and 200 day price change is -$30.31 (-49.78%)  and with average volume for 200 days is : 524,799.

See More Analyst Rating at: RATING