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Southwest Airlines (NYSE:LUV) has earned an average recommendation of “Buy” from the sixteen brokerages that are covering the stock, Analyst Ratings Net reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $31.96.

In other Southwest Airlines news, Director Daniel D. Villanueva sold 10,000 shares of Southwest Airlines stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on LUV shares. Analysts at Edward Jones downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, 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, August 25th. Finally, 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.

Southwest Airlines (NYSE:LUV) opened at 32.01 on Thursday. Southwest Airlines has a one year low of $12.73 and a one year high of $32.43. The stock’s 50-day moving average is $29.33 and its 200-day moving average is $25.78. The company has a market cap of $21.931 billion and a price-to-earnings ratio of 20.72.

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. The company’s quarterly revenue was up 7.9% on a year-over-year basis. 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. Shareholders 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 0.75%. The ex-dividend date is Tuesday, August 19th.

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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