Southwest Airlines Rating Increased to Buy at Stifel (LUV)
Southwest Airlines (NYSE:LUV) was upgraded by research analysts at Stifel from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $30.00 price target on the stock. Stifel’s price objective suggests a potential upside of 14.94% from the company’s current price.
Southwest Airlines (NYSE:LUV) opened at 26.10 on Tuesday. Southwest Airlines has a 52-week low of $12.58 and a 52-week high of $27.70. The stock has a 50-day moving average of $25.5 and a 200-day moving average of $22.51. The company has a market cap of $18.057 billion and a price-to-earnings ratio of 22.01.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.17 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Monday, June 2nd. This is a positive change from Southwest Airlines’s previous quarterly dividend of $0.04.
LUV has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Southwest Airlines from $21.00 to $21.50 in a research note on Tuesday, May 27th. They now have an “underweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Southwest Airlines from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $30.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Southwest Airlines presently has a consensus rating of “Buy” and an average price target of $26.12.
Southwest Airlines Co operates Southwest Airlines and AirTran Airways, passenger airlines that provide scheduled air transportation in the United States and near-international markets.
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