Deutsche Bank AG Reaffirms “Buy” Rating for Southwest Airlines Company (LUV)

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.

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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.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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