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Shares of Southwest Airlines (NYSE:LUV) have been given an average rating of “Buy” by the fifteen ratings firms that are covering the stock, reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $31.96.

In other Southwest Airlines news, Director Daniel D. Villanueva unloaded 10,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $31.73, for a total transaction of $317,300.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Southwest Airlines (NYSE:LUV) traded down 0.37% on Thursday, hitting $32.111. The stock had a trading volume of 595,516 shares. Southwest Airlines has a 1-year low of $12.64 and a 1-year high of $32.43. The stock’s 50-day moving average is $29.0 and its 200-day moving average is $25.66. The company has a market cap of $22.001 billion and a P/E ratio of 20.83.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.10. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter last year, the company posted $0.38 earnings per share. Southwest Airlines’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that Southwest Airlines will post $1.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 19th.

LUV has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of Southwest Airlines from $32.00 to $35.00 in a research note on Monday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Southwest Airlines in a research note on Friday, August 8th. They now have a $34.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Southwest Airlines from $28.00 to $34.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock.

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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