SkyWest, Inc. (SKYW) Downgraded by Deutsche Bank (DB) to "Sell"
Monday, July 18, 2021 6:12 PM

Equities research analysts at Deutsche Bank (NYSE: DB) downgraded shares of SkyWest, Inc. (NASDAQ: SKYW) to a "sell" rating in a research note to investors on Monday. The analysts currently have a $12.00 price target on the stock.

Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of SkyWest, Inc. to a "market perform" rating in a research note to investors on Monday. Also, analysts at Dahlman Rose reiterated a "hold" rating on shares of SkyWest, Inc. in a research note to investors on Monday.

Shares of SkyWest, Inc. traded down 16.44% during mid-day trading on Tuesday, hitting $12.30. SkyWest, Inc. has a 52 week low of $11.53 and a 52 week high of $17.28. The stock's 50-day moving average is $15.00 and its 200-day moving average is $15.75. The company has a market cap of $650.5 million and a price-to-earnings ratio of 11.73.

SkyWest, Inc. last announced its quarterly results on Wednesday, May 4th. The company reported ($0.21) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.25) EPS by $0.04. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 37.00% on a year-over-year basis. On average, analysts predict that SkyWest, Inc. will post $0.46 EPS next quarter.

SkyWest, Inc. (SkyWest), through its wholly owned subsidiaries, SkyWest Airlines, Inc. (SkyWest Airlines) and Atlantic Southeast Airlines, Inc. (ASA), offers scheduled passenger service with approximately 2,300 daily departures to 217 destinations in the United States, Canada, Mexico and the Caribbean. Its flights are operated as Delta Connection, United Express or AirTran under code-share arrangements with Delta, United or AirTran, respectively, with presence in Delta and United's key domestic hubs and focus cities. SkyWest Airlines and ASA provides regional flying to its partners under long-term, fixed-fee, code-share agreements. SkyWest Airlines and ASA provide low-cost regional airline service. As of December, 31, 2009, the Company’s consolidated fleet consisted of a total of 449 aircraft, of which 258 were assigned with Delta, 186 were assigned with United, three were assigned to Midwest, and two were assigned to AirTran.

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