SkyWest (SKYW) : Analyst Rating Update

SkyWest (SKYW) : 3 brokerage houses believe that SkyWest (SKYW) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

SkyWest (SKYW) stock is expected to deviate a maximum of $4.35 from the average target price of $26.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $30 and the most muted being $20.

SkyWest (NASDAQ:SKYW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.82 and $26.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.08, notching a gain of 0.56% for the day. The total traded volume was 618,735 . The stock had closed at $26.93 on the previous day.

The company shares have rallied 91.13% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $27.17 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.61 and the 200 Day Moving Average price is recorded at $20.06.

Skywest, Inc. is a holding company for two North American regional airlines. 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. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Companys flights are operated as Delta Connection, United Express, US Airways Express, American Eagle and Alaska. As of December 31, 2014, its consolidated fleet consisted of a total of 749 aircrafts of, which 425 were assigned to United, 239 were assigned to Delta, 29 were assigned to American, 15 were assigned to US Airways, nine were assigned to Alaska, two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.

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