The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
SkyWest (SKYW) closed at $83.51 in the latest trading session, marking a -1.44% move from the prior day.
Signs the pilot shortage is abating, allowing SkyWest's 600-strong fleet to achieve operating leverage and expand margins similar to pre-covid levels. The regional airline is finally overcoming the pilot shortage and expects a 25% YoY increase in pilots by 2024. Despite the 96% rally in the last year, SkyWest remains a "buy" due to its 15% FCF yield, potential for further buybacks, and growing fleet utilization rate.
SkyWest (SKYW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SkyWest is benefiting from buoyant air travel demand, boosting its prospects. However, SKYW is grappling with a surge in operating expenses.
The latest trading day saw SkyWest (SKYW) settling at $81.89, representing a +1.07% change from its previous close.
SkyWest (SKYW) concluded the recent trading session at $78.87, signifying a -0.94% move from its prior day's close.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
SkyWest (SKYW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The latest trading day saw SkyWest (SKYW) settling at $74.59, representing a -0.16% change from its previous close.
SkyWest's strong Q2'24 results, with a 19.5% revenue increase and significant EPS growth, justify maintaining a 'buy' rating despite recent share pullback. The company's unique, less risky business model, with 94% of its fleet under capacity purchase agreements, ensures durable margins and revenue stability. SkyWest's disciplined financial strategy, including debt reduction and share buybacks, enhances shareholder value and positions the company well for future growth.
SkyWest (SKYW) reachead $75.41 at the closing of the latest trading day, reflecting a +0.76% change compared to its last close.