SkyWest (SKYW) Receives a Hold from Citi

In a report released yesterday, John Godyn from Citi maintained a Hold rating on SkyWest, with a price target of $112.00. The company’s shares closed yesterday at $101.43.

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According to TipRanks, Godyn is a 3-star analyst with an average return of 3.6% and a 70.00% success rate. Godyn covers the Industrials sector, focusing on stocks such as Alaska Air, Allegiant Travel Company, and Delta Air Lines.

Currently, the analyst consensus on SkyWest is a Strong Buy with an average price target of $131.00.

Based on SkyWest’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.05 billion and a net profit of $116.36 million. In comparison, last year the company earned a revenue of $912.79 million and had a net profit of $89.71 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SKYW in relation to earlier this year. Last month, Meredith Siegfried, a Director at SKYW sold 4,725.00 shares for a total of $503,401.50.