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Investment analysts at CRT Capital hoisted their price target on shares of Southwest Airlines (NYSE:LUV) from $27.00 to $34.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. CRT Capital’s price objective would suggest a potential upside of 24.95% from the stock’s previous close.

Southwest Airlines (NYSE:LUV) opened at 27.21 on Thursday. Southwest Airlines has a 52 week low of $12.64 and a 52 week high of $27.83. The stock’s 50-day moving average is $26.72 and its 200-day moving average is $23.52. The company has a market cap of $18.825 billion and a P/E ratio of 22.77.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Southwest Airlines will post $1.55 EPS for the current fiscal year.

A number of other firms have also recently commented on LUV. Analysts at Imperial Capital raised their price target on shares of Southwest Airlines from $30.00 to $33.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Southwest Airlines from $28.00 to $32.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Tuesday, June 17th. They now have a $30.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and an average target price of $27.42.

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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