Southwest Airlines PT Raised to $16.20 (LUV)
Research analysts at Goldman Sachs Group Inc. increased their target price on shares of Southwest Airlines (NYSE:LUV) from $15.90 to $16.20 in a report released on Tuesday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 9.31% from the company’s current price.
LUV has been the subject of a number of other recent research reports. 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.38.
Southwest Airlines (NYSE:LUV) traded down 0.34% on Tuesday, hitting $14.82. 7,223,477 shares of the company’s stock traded hands. Southwest Airlines has a 1-year low of $8.68 and a 1-year high of $15.01. The stock’s 50-day moving average is $13.82 and its 200-day moving average is $13.63. The company has a market cap of $10.466 billion and a price-to-earnings ratio of 28.76.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, July 25th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post $1.00 earnings per share for the current fiscal year.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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