Southwest Airlines (LUV) Stock Rating Reaffirmed by Stifel Nicolaus

Southwest Airlines (NYSE:LUV)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a research note issued on Wednesday, MarketBeat.com reports. They presently have a $85.00 target price on the airline’s stock, up from their prior target price of $80.00. Stifel Nicolaus’ price target would indicate a potential upside of 35.01% from the stock’s current price.

A number of other brokerages have also recently commented on LUV. Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Vetr cut Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 target price for the company. in a report on Friday, September 22nd. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price target on shares of Southwest Airlines in a report on Friday, October 27th. Cowen reaffirmed an “outperform” rating and issued a $64.00 price target (up previously from $62.00) on shares of Southwest Airlines in a report on Friday, October 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Southwest Airlines in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.93.

Shares of Southwest Airlines (NYSE:LUV) traded up $0.58 during trading on Wednesday, hitting $62.96. The company’s stock had a trading volume of 7,199,600 shares, compared to its average volume of 5,092,671. Southwest Airlines has a fifty-two week low of $48.71 and a fifty-two week high of $66.99. The firm has a market capitalization of $37,360.00, a PE ratio of 18.04, a P/E/G ratio of 1.66 and a beta of 1.35. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Southwest Airlines will post 3.57 EPS for the current fiscal year.

In other news, 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 transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the transaction, the executive vice president now owns 76,993 shares of the company’s stock, valued at $4,956,809.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,593 shares of company stock valued at $2,279,660. Company insiders own 0.21% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its position in shares of Southwest Airlines by 13.1% during the second quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock worth $549,016,000 after buying an additional 1,026,892 shares during the period. Boston Partners boosted its holdings in Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock valued at $278,822,000 after purchasing an additional 2,511,258 shares during the period. APG Asset Management N.V. boosted its holdings in Southwest Airlines by 16.8% in the third quarter. APG Asset Management N.V. now owns 4,592,536 shares of the airline’s stock valued at $257,090,000 after purchasing an additional 660,500 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Southwest Airlines by 35.6% in the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock valued at $257,901,000 after purchasing an additional 1,090,189 shares during the period. Finally, Rockefeller Financial Services Inc. boosted its holdings in Southwest Airlines by 4.0% in the third quarter. Rockefeller Financial Services Inc. now owns 3,193,405 shares of the airline’s stock valued at $178,766,000 after purchasing an additional 121,447 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

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About Southwest Airlines

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.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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