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Southwest Airlines (NYSE:LUV) was upgraded by analysts at Imperial Capital from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $26.00 price target on the stock, up from their previous price target of $17.00. Imperial Capital’s price objective would suggest a potential upside of 22.01% from the company’s current price.

Shares of Southwest Airlines (NYSE:LUV) traded up 3.40% during mid-day trading on Tuesday, hitting $21.31. 9,880,587 shares of the company’s stock traded hands. Southwest Airlines has a one year low of $11.15 and a one year high of $22.10. The stock has a 50-day moving average of $19.76 and a 200-day moving average of $16.36. The company has a market cap of $14.874 billion and a price-to-earnings ratio of 19.63.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post $1.33 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on LUV. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Southwest Airlines in a research note to investors on Friday. They now have a $25.00 price target on the stock. Separately, analysts at Wolfe Research upgraded shares of Southwest Airlines from an “underperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Cowen and Company raised their price target on shares of Southwest Airlines from $23.00 to $26.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.98.

Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.

The Fly On The Wall

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