CRT Capital Increases Southwest Airlines Price Target to $24.00 (LUV)
CRT Capital hoisted their price target on shares of Southwest Airlines (NYSE:LUV) from $22.00 to $24.00 in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. CRT Capital’s price target would indicate a potential upside of 15.83% from the stock’s previous close.
A number of other analysts have also recently weighed in on LUV. Analysts at Deutsche Bank raised their price target on shares of Southwest Airlines from $2.00 to $21.00 in a research note to investors on Thursday, January 9th. Separately, analysts at Atlantic Securities initiated coverage on shares of Southwest Airlines in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.61.
Southwest Airlines (NYSE:LUV) last released its earnings data 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 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.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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