Southwest Airlines (NYSE: LUV) has recently received a number of price target changes and ratings updates:

  • 9/19/2016 – Southwest Airlines was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $40.67 price target on the stock.
  • 9/12/2016 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $39.83 price target on the stock.
  • 9/12/2016 – Southwest Airlines was given a new $48.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 9/9/2016 – Southwest Airlines is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $46.00 price target on the stock.
  • 9/6/2016 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $38.64 price target on the stock.
  • 8/29/2016 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 8/22/2016 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 8/21/2016 – Southwest Airlines had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $43.00 price target on the stock.
  • 8/15/2016 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 8/8/2016 – Southwest Airlines was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $38.00 price target on the stock.
  • 8/2/2016 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $38.00 price target on the stock.
  • 7/27/2016 – Southwest Airlines was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $34.00 price target on the stock, down previously from $52.50.
  • 7/26/2016 – Southwest Airlines was upgraded by analysts at Evercore ISI from a “hold” rating to a “buy” rating. They now have a $37.36 price target on the stock, down previously from $47.00.
  • 7/25/2016 – Southwest Airlines was downgraded by analysts at Argus from a “buy” rating to a “hold” rating. They now have a $37.83 price target on the stock, up previously from $32.94.
  • 7/25/2016 – Southwest Airlines had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $48.00 price target on the stock.

Shares of Southwest Airlines Co. (NYSE:LUV) opened at 36.91 on Thursday. The stock has a market capitalization of $22.89 billion, a P/E ratio of 9.79 and a beta of 0.84. The firm’s 50-day moving average is $36.95 and its 200 day moving average is $40.96. Southwest Airlines Co. has a 12-month low of $33.96 and a 12-month high of $51.34.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 21st. The airline reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by $0.02. Southwest Airlines had a net margin of 11.95% and a return on equity of 34.25%. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. Southwest Airlines’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Southwest Airlines Co. will post $3.80 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. Southwest Airlines’s payout ratio is presently 10.61%.

In other Southwest Airlines news, COO De Ven Michael G. Van acquired 4,200 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average cost of $35.77 per share, for a total transaction of $150,234.00. Following the acquisition, the chief operating officer now owns 183,245 shares of the company’s stock, valued at $6,554,673.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mark R. Shaw sold 1,776 shares of Southwest Airlines stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $37.62, for a total value of $66,813.12. Following the completion of the sale, the senior vice president now owns 5,226 shares of the company’s stock, valued at $196,602.12. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.

5 Day Chart for NYSE:LUV

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