Southwest Airlines (NYSE:LUV) Lowered to Strong Sell at Vetr

Southwest Airlines (NYSE:LUV) was downgraded by Vetr from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, December 5th. They currently have a $54.06 price objective on the airline’s stock. Vetr‘s target price points to a potential downside of 17.40% from the stock’s previous close.

A number of other research firms have also recently issued reports on LUV. Morgan Stanley set a $64.00 price objective on Southwest Airlines and gave the stock a “buy” rating in a report on Thursday, August 17th. Deutsche Bank restated a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a report on Friday, October 27th. Cowen reaffirmed an “outperform” rating and set a $64.00 price target (up previously from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. Macquarie initiated coverage on Southwest Airlines in a research report on Monday, September 25th. They issued an “outperform” rating and a $62.00 target price for the company. Finally, Barclays reiterated a “hold” rating and set a $61.00 target price on shares of Southwest Airlines in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $67.58.

Shares of Southwest Airlines (NYSE:LUV) traded down $0.42 on Tuesday, hitting $65.45. The stock had a trading volume of 1,976,024 shares, compared to its average volume of 4,162,061. 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 has a 52 week low of $48.71 and a 52 week high of $66.99. The company has a market capitalization of $39,086.44, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $5.29 billion. During the same period last year, the company posted $0.93 earnings per share. Southwest Airlines’s quarterly revenue was up 2.6% compared to the same quarter last year. research analysts predict that Southwest Airlines will post 3.57 EPS for the current fiscal year.

In other news, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total transaction of $107,242.65. Following the sale, the director now directly owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert E. Jordan sold 32,931 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. The disclosure for this sale can be found here. Insiders sold 35,593 shares of company stock valued at $2,279,660 in the last three months. 0.21% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. BDO Wealth Advisors LLC acquired a new position in shares of Southwest Airlines during the 2nd quarter worth about $102,000. BB&T Investment Services Inc. grew its stake in shares of Southwest Airlines by 325.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after buying an additional 1,211 shares during the period. Pittenger & Anderson Inc. grew its stake 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 buying an additional 250 shares during the period. Grove Bank & Trust boosted 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 purchasing an additional 1,880 shares during the period. Finally, Harfst & Associates Inc. boosted its position in shares of Southwest Airlines by 43.8% during the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after purchasing an additional 732 shares during the period. 78.57% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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