Deutsche Bank AG restated their buy rating on shares of Southwest Airlines Company (NYSE:LUV) in a research report released on Friday, October 27th. The firm currently has a $71.00 price target on the airline’s stock.
A number of other equities research analysts have also recently issued reports on the company. Cowen and Company reiterated an outperform rating and set a $64.00 price objective (up previously from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. Vetr cut Southwest Airlines from a buy rating to a hold rating and set a $59.16 price objective on the stock. in a research note on Wednesday, October 4th. Macquarie started coverage on Southwest Airlines in a report on Monday, September 25th. They set an outperform rating and a $62.00 target price on the stock. Zacks Investment Research lowered Southwest Airlines from a hold rating to a sell rating in a report on Wednesday, September 20th. Finally, Raymond James Financial, Inc. raised Southwest Airlines from a market perform rating to an outperform rating and set a $65.00 target price on the stock in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Southwest Airlines has an average rating of Buy and a consensus price target of $67.00.
Shares of Southwest Airlines (LUV) traded down $0.24 during trading on Friday, hitting $53.25. The stock had a trading volume of 2,982,000 shares, compared to its average volume of 5,235,721. Southwest Airlines has a one year low of $43.88 and a one year high of $64.39. The company has a market cap of $31,850.00, a PE ratio of 15.41, a P/E/G ratio of 1.77 and a beta of 1.31. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. analysts forecast that Southwest Airlines will post 3.56 earnings per share for the current fiscal year.
In other news, Director John T. Montford sold 935 shares of the 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 sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LUV. BDO Wealth Advisors LLC acquired a new stake in shares of Southwest Airlines during the 2nd quarter worth $102,000. BB&T Investment Services Inc. lifted its position in shares of Southwest Airlines by 325.5% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after buying an additional 1,211 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of Southwest Airlines by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock worth $128,000 after buying an additional 15 shares during the last quarter. Pittenger & Anderson Inc. lifted its position in shares of Southwest Airlines by 13.5% during the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after buying an additional 250 shares during the last quarter. Finally, Grove Bank & Trust lifted its position in shares of Southwest Airlines by 365.0% during the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after buying an additional 1,880 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors.
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.
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