Southwest Airlines Co. Reaches New 12-Month High at $20.15 (LUV)
Southwest Airlines (NYSE:LUV)’s share price reached a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $20.15 and last traded at $20.13, with a volume of 7,724,060 shares traded. The stock had previously closed at $19.53.
A number of research firms have recently commented on LUV. Analysts at Atlantic Securities initiated coverage on shares of Southwest Airlines in a research note to investors on Wednesday. They set a “neutral” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of Southwest Airlines in a research note to investors on Wednesday, December 18th. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Southwest Airlines from $20.00 to $23.00 in a research note to investors on Wednesday, December 18th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.48.
Southwest Airlines has a one year low of $10.94 and a one year high of $19.67. The stock has a 50-day moving average of $18.62 and a 200-day moving average of $15.54. The company has a market cap of $14.025 billion and a price-to-earnings ratio of 22.79.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Southwest Airlines will post $1.05 EPS 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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