Southwest Airlines Co. Reaches New 12-Month High at $15.01 (LUV)
Southwest Airlines (NYSE:LUV)’s share price reached a new 52-week high during trading on Monday, Analyst RN reports. The stock traded as high as $15.01 and last traded at $14.94, with a volume of 5,140,125 shares traded. The stock had previously closed at $14.89.
A number of analysts have recently weighed in on LUV shares. Analysts at Merrill Lynch upgraded shares of Southwest Airlines to a “neutral” rating in a research note to investors on Tuesday, September 24th. Separately, analysts at Bank of America Corp. upgraded shares of Southwest Airlines from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $15.00 price target on the stock, up previously from $12.50. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Southwest Airlines from $12.00 to $12.50 in a research note to investors on Tuesday, September 17th. They now have an “underweight” rating on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.21.
Southwest Airlines has a 52-week low of $8.68 and a 52-week high of $14.93. The stock’s 50-day moving average is $13.78 and its 200-day moving average is $13.61. The company has a market cap of $10.565 billion and a price-to-earnings ratio of 28.80.
Southwest Airlines (NYSE:LUV) last released its earnings data on Thursday, July 25th. The company reported $0.38 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.38. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter last year, the company posted $0.36 earnings per share. Southwest Airlines’s revenue was up .6% compared to the same quarter last year.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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