Southwest Airlines Co. (NYSE:LUV) Receives Average Recommendation of “Moderate Buy” from Analysts

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Southwest Airlines Co. (NYSE:LUVGet Rating) has been given a consensus rating of “Moderate Buy” by the seventeen analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $50.46.

A number of analysts recently issued reports on the stock. Raymond James lowered their price target on shares of Southwest Airlines from $48.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Thursday. Susquehanna Bancshares lowered their price target on shares of Southwest Airlines from $45.00 to $40.00 in a report on Tuesday, October 11th. Susquehanna lowered their price target on shares of Southwest Airlines from $45.00 to $40.00 in a report on Tuesday, October 11th. StockNews.com raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a report on Friday, October 28th. Finally, Bank of America lowered their price target on shares of Southwest Airlines from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, October 6th.

Insider Activity

In other news, Director John T. Montford sold 2,250 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $38.87, for a total value of $87,457.50. Following the completion of the sale, the director now directly owns 21,046 shares in the company, valued at $818,058.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Southwest Airlines

Hedge funds have recently modified their holdings of the business. FinTrust Capital Advisors LLC increased its position in Southwest Airlines by 9.5% during the second quarter. FinTrust Capital Advisors LLC now owns 2,902 shares of the airline’s stock worth $117,000 after purchasing an additional 251 shares during the last quarter. Forum Financial Management LP increased its position in Southwest Airlines by 4.0% during the first quarter. Forum Financial Management LP now owns 7,067 shares of the airline’s stock worth $323,000 after purchasing an additional 270 shares during the last quarter. Pflug Koory LLC increased its position in Southwest Airlines by 1.9% during the second quarter. Pflug Koory LLC now owns 14,890 shares of the airline’s stock worth $538,000 after purchasing an additional 280 shares during the last quarter. CVA Family Office LLC increased its position in Southwest Airlines by 24.2% during the second quarter. CVA Family Office LLC now owns 1,490 shares of the airline’s stock worth $54,000 after purchasing an additional 290 shares during the last quarter. Finally, Riverview Trust Co increased its position in Southwest Airlines by 21.4% during the second quarter. Riverview Trust Co now owns 1,687 shares of the airline’s stock worth $61,000 after purchasing an additional 297 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Stock Up 4.6 %

LUV stock opened at $35.08 on Friday. The firm’s fifty day simple moving average is $37.07 and its 200-day simple moving average is $36.64. The company has a market capitalization of $20.83 billion, a P/E ratio of 27.41, a price-to-earnings-growth ratio of 1.72 and a beta of 1.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.58 and a quick ratio of 1.50. Southwest Airlines has a 12 month low of $30.20 and a 12 month high of $50.10.

Southwest Airlines (NYSE:LUVGet Rating) last released its quarterly earnings data on Thursday, October 27th. The airline reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. The business had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.22 billion. Southwest Airlines had a net margin of 3.64% and a return on equity of 9.66%. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) EPS. As a group, equities research analysts forecast that Southwest Airlines will post 2.24 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 10th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Monday, January 9th.

About Southwest Airlines

(Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

See Also

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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