Southwest Airlines PT Raised to $14.50 (LUV)
Research analysts at JPMorgan Chase & Co. boosted their price objective on shares of Southwest Airlines (NYSE:LUV) from $12.50 to $14.50 in a report released on Friday, American Banking and Market News reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 15.55% from the stock’s previous close.
LUV has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of Southwest Airlines from $18.00 to $20.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Southwest Airlines from $17.00 to $21.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Southwest Airlines in a research note to investors on Friday. They now have a $16.20 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.25.
Shares of Southwest Airlines (NYSE:LUV) traded up 0.88% on Friday, hitting $17.17. The stock had a trading volume of 8,881,317 shares. Southwest Airlines has a 52 week low of $8.68 and a 52 week high of $14.56. The stock’s 50-day moving average is $13.45 and its 200-day moving average is $13.35. The company has a market cap of $12.126 billion and a price-to-earnings ratio of 32.92.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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