Raymond James analyst Savanthi Syth maintained a Buy rating on SkyWest (NASDAQ:SKYW) on Friday, setting a price target of $40, which is approximately 31.19% above the present share price of $30.49.
Syth expects SkyWest to post earnings per share (EPS) of -$0.51 for the fourth quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in SkyWest, with an average price target of $42.
The analysts price targets range from a high of $42 to a low of $42.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $350.04 million and a net profit of -$4.4 million. The company's market cap is $1.53 billion.
According to TipRanks.com, Raymond James analyst Savanthi Syth is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 54.15% success rate.
Sky West, Inc. is a holding company, which engages in the provision of scheduled passenger services in the United States of America, Canada, Mexico and the Caribbean. It operates through the following three segments: SkyWest Airlines and SkyWest Leasing. The SkyWest Airlines segment provides as well as Mexico and Canada. The SkyWest Leasing segment includes revenue attributed from ownership cost earned under the applicable cost and fixed-fee flying contracts. The company was founded in 1972 and is headquartered in St. George, UT.