Southwest Airlines (LUV) Rating Increased to Sell at Vetr

Southwest Airlines (NYSE:LUV) was upgraded by stock analysts at Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday. The firm currently has a $60.23 price objective on the airline’s stock. Vetr‘s price objective suggests a potential downside of 8.69% from the stock’s current price.

Several other equities analysts have also recently issued reports on LUV. Zacks Investment Research cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Atlantic Securities upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and upped their price target for the company from $48.71 to $71.00 in a research report on Thursday, December 14th. Barclays restated a “hold” rating and issued a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. Cowen restated an “outperform” rating and issued a $64.00 price target (up from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. Finally, Macquarie began coverage on shares of Southwest Airlines in a research report on Monday, September 25th. They issued an “outperform” rating and a $62.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Southwest Airlines has a consensus rating of “Buy” and an average price target of $67.25.

Southwest Airlines (LUV) opened at $65.96 on Tuesday. The company has a market cap of $38,990.00, a P/E ratio of 18.90, a P/E/G ratio of 2.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. Southwest Airlines has a 52 week low of $48.71 and a 52 week high of $66.99.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue was up 2.6% on a year-over-year basis. equities analysts expect that Southwest Airlines will post 3.57 earnings per share for the current year.

In other Southwest Airlines news, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Following the completion of the sale, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Montford sold 935 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at $1,348,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,593 shares of company stock valued at $2,279,660. 0.21% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. BB&T Investment Services Inc. lifted its position in shares of Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after purchasing an additional 1,211 shares in the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Southwest Airlines by 13.5% during the second 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. Grove Bank & Trust lifted its position in shares of Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after purchasing an additional 1,880 shares in the last quarter. Harfst & Associates Inc. lifted its position in shares of Southwest Airlines by 43.8% during the second 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. Finally, Motco lifted its position in shares of Southwest Airlines by 178.4% during the second quarter. Motco now owns 2,817 shares of the airline’s stock valued at $175,000 after purchasing an additional 1,805 shares in the last quarter. Institutional investors and hedge funds own 78.57% 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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