SkyWest (NASDAQ:SKYW) Reaching An Inflection Point; Sidoti Coverage Initiated as “Buy”

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How Sidoti Currently Rates SkyWest (NASDAQ:SKYW)

Equity research analysts at Sidoti began issuing coverage SkyWest (NASDAQ:SKYW) shares in an analyst note distributed on Thursday, 17 December, IR.net reports. The financial firm has set a “Buy” rating on SKYW stock.

From a total of 4 analysts covering SkyWest (NASDAQ:SKYW) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is $25 while the lowest target price is $20. The mean of all analyst targets is $22 with a 5.60% above today’s ($20.36) stock price. SkyWest was the topic of 8 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Cowen & Co maintained shares on October 21 with “Outperform” rating. Imperial Capital maintained SKYW stock in a recent report from August 3 with “In-Line” rating.

Approximately 239,491 shares of stock traded hands. SkyWest, Inc. (NASDAQ:SKYW) has risen 22.50% since May 14, 2015 and is uptrending. It has outperformed by 24.76% the S&P500.

The overall sentiment of institutions has increased to 1.08 in Q2 2015. Its up 0.04, from 1.04 in 2015Q2. The ratio is positive, as 14 institutions have sold all the shares of SkyWest, Inc. that they owned while 65 funds have taken shares off the table. 23 funds have purchased shares for the first time while 62 added to their positions. These institutions now hold 39.40 million shares or 11.62% less than the 44.58 million shares they owned in 2015Q2.

The Fund Kopernik Global Investors Llc currently is holding shares equating to 9.3% of its total portfolio in SkyWest, Inc. representing a total of 2.67 million shares. Another fund,Towle & Co, is holding a total of 1.31 million shares equating to 4.99% of their holdings. Additionally, Boyer & Corporon Wealth Management Llc has a 98,547 share stake in SkyWest, Inc. which represents 0.81% of their total portfolio. The Fund, New Amsterdam Partners Llc Ny, based out of New York, has also built up a stake in the stock, which represents a total of 0.71% of their total portfolio. Finally U S Global Investors Inc, a fund which is based in the state of Texas reported a total holdings of 78,066 shares.

Skywest, Inc. is a holding company for two North American regional airlines. The company has a market cap of $1000.00 million. The Company, through its subsidiaries, SkyWest Airlines, Inc. and ExpressJet Airlines, Inc., offers scheduled passenger service with approximately 3,600 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. It has 21.39 P/E ratio. The Firm operates through two divisions: SkyWest Airlines and ExpressJet.

According to Zacks Investment Research, “SkyWest, Inc., through its wholly-owned subsidiary, SkyWest Airlines, Inc. , operates one of the larger regional airlines in the United States. SkyWest provides passenger and air freight service and completes over 880 daily flights. Pursuant to a joint marketing and code sharing agreement with Delta Airlines, Inc., SkyWest operates as a Delta Connection in certain SkyWest markets. SkyWest entered into a marketing and code sharing agreement with Continental Airlines, Inc. Which allows SkyWest to operate as a Continental Connection in certain markets in and out of Los Angeles.”

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