Several analysts have recently updated their ratings and price targets for Southwest Airlines (NYSE: LUV):

  • 9/15/2017 – Southwest Airlines was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $66.00 price target on the stock, up previously from $60.00.
  • 9/14/2017 – Southwest Airlines had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $61.00 price target on the stock.
  • 9/12/2017 – Southwest Airlines had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 9/7/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $64.00 price target on the stock, down previously from $65.00.
  • 9/1/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $67.00 price target on the stock.
  • 8/18/2017 – Southwest Airlines was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 8/17/2017 – Southwest Airlines was given a new $64.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 8/1/2017 – Southwest Airlines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Southwest Airlines reported better than expected earnings and revenues in the second quarter of 2017. Moreover, both earnings and revenues improved on a year over year basis. Passenger revenues accounted for the bulk of the top line. The company hiked its quarterly dividend payout by 25% in May 2017. Its board also cleared a new buyback plan worth $2 billion. In the second quarter of 2017, the company returned $476 million to shareholders through a combination of dividends and share repurchases. Shares of Southwest Airlines have performed well, outperforming its industry in the last one year. However, the company's third-quarter view on unit revenues is concerning. Moreover, high costs may hurt bottom-line growth going forward. Unit costs (excluding fuel, special items and profit sharing expenses) in the third quarter are expected to increase in the 2-3% range.”
  • 7/30/2017 – Southwest Airlines was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $67.00 price target on the stock.
  • 7/27/2017 – Southwest Airlines was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $64.53 price target on the stock.
  • 7/24/2017 – Southwest Airlines was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Southwest Airlines Company (LUV) opened at 53.54 on Wednesday. The stock has a market cap of $32.05 billion, a PE ratio of 16.42 and a beta of 1.29. Southwest Airlines Company has a 12-month low of $36.31 and a 12-month high of $64.39. The firm has a 50-day moving average price of $53.62 and a 200-day moving average price of $56.82.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period last year, the business earned $1.19 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Analysts forecast that Southwest Airlines Company will post $3.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Tuesday, August 22nd. Southwest Airlines’s payout ratio is 15.34%.

In related news, Director William H. Dr Cunningham acquired 4,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $54.00 per share, with a total value of $243,000.00. Following the purchase, the director now owns 66,969 shares of the company’s stock, valued at $3,616,326. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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