Share on StockTwits
 

Southwest Airlines (NYSE:LUV) EVP Ron Ricks sold 35,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.81, for a total transaction of $728,350.00. Following the completion of the sale, the executive vice president now directly owns 343,335 shares in the company, valued at approximately $7,144,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on LUV shares. Analysts at Imperial Capital upgraded shares of Southwest Airlines from an “in-line” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $26.00 price target on the stock, up previously from $17.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Southwest Airlines in a research note to investors on Friday, January 24th. They now have a $25.00 price target on the stock. Finally, 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, January 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Southwest Airlines currently has a consensus rating of “Hold” and a consensus target price of $19.98.

Shares of Southwest Airlines (NYSE:LUV) traded down 3.28% during mid-day trading on Wednesday, hitting $20.61. The stock had a trading volume of 12,384,992 shares. Southwest Airlines has a 52-week low of $11.15 and a 52-week high of $22.10. The stock’s 50-day moving average is $19.80 and its 200-day moving average is $16.36. The company has a market cap of $14.406 billion and a price-to-earnings ratio of 20.30.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Wednesday, January 22nd. The company reported $0.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. Southwest Airlines’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Southwest Airlines will post $1.35 EPS for the current fiscal year.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.