SkyWest (SKYW, Financial) has announced a significant expansion of its share repurchase initiative, approving an additional $250 million to its current buyback plan. This new authorization enhances a previous program set in motion by the board in May 2023, initially permitting the repurchase of up to $250 million in company stock. As of now, around $22 million remained from that earlier authorization after approximately $12 million was used for repurchases in April. With this latest increase, SkyWest is now positioned to repurchase up to $272 million in its common shares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for SkyWest Inc (SKYW, Financial) is $116.60 with a high estimate of $127.00 and a low estimate of $100.00. The average target implies an upside of 23.95% from the current price of $94.07. More detailed estimate data can be found on the SkyWest Inc (SKYW) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, SkyWest Inc's (SKYW, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SkyWest Inc (SKYW, Financial) in one year is $71.43, suggesting a downside of 24.07% from the current price of $94.07. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SkyWest Inc (SKYW) Summary page.
