Shares of Southwest Airlines Company (NYSE:LUV) have earned a consensus recommendation of “Buy” from the twenty brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $67.40.
Several research analysts have weighed in on the stock. J P Morgan Chase & Co upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $66.00 in a research report on Friday, September 15th. Cowen and Company reiterated a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a research report on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and issued a $64.00 price target (down from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. Wolfe Research downgraded shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a research report on Monday, July 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, July 4th.
Southwest Airlines (LUV) traded up 1.15% on Wednesday, reaching $54.73. 4,518,766 shares of the company were exchanged. The firm has a market capitalization of $32.76 billion, a P/E ratio of 16.78 and a beta of 1.32. The firm has a 50-day moving average of $56.57 and a 200 day moving average of $57.45. Southwest Airlines has a 12-month low of $39.33 and a 12-month high of $64.39.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts predict that Southwest Airlines will post $3.57 earnings per share for the current year.
In other news, Director William H. Dr Cunningham bought 4,500 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $54.00 per share, for a total transaction of $243,000.00. Following the acquisition, the director now owns 66,969 shares of the company’s stock, valued at $3,616,326. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BDO Wealth Advisors LLC bought a new stake in Southwest Airlines during the 2nd quarter valued at about $102,000. Guardian Life Insurance Co. of America raised its holdings in shares of Southwest Airlines by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after purchasing an additional 15 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Southwest Airlines by 13.5% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after purchasing an additional 250 shares in the last quarter. National Pension Service bought a new stake in shares of Southwest Airlines in the 2nd quarter valued at about $141,000. Finally, Harfst & Associates Inc. raised its holdings in shares of Southwest Airlines by 43.8% in the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after purchasing an additional 732 shares in the last quarter. Institutional investors own 79.55% of the company’s stock.
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Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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