SkyWest (SKYW) Receives Price Target

SkyWest (SKYW) : Average target price received by SkyWest (SKYW) is $34 with an expected standard deviation of $2. The most aggressive target on the stock is $36, whereas the most downbeat target is $32. 3 financial analysts are currently covering the stock.

SkyWest (SKYW) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 3 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on SkyWest (NASDAQ:SKYW). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $30 per share to $32 per share. The rating by the firm was issued on July 29, 2016.

SkyWest (NASDAQ:SKYW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.35 and $27.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.30, notching a gain of 0.25% for the day. The total traded volume was 266,400 . The stock had closed at $28.23 on the previous day.

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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