Southwest Airlines (NYSE:LUV) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The firm presently has a $65.42 price objective on the airline’s stock. Vetr‘s price objective indicates a potential upside of 14.79% from the company’s previous close.
Several other equities research analysts also recently commented on LUV. JPMorgan Chase & Co. downgraded shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, January 30th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Cowen reiterated an “outperform” rating and set a $64.00 target price (up from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. Finally, Deutsche Bank reiterated a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Southwest Airlines presently has an average rating of “Buy” and an average price target of $67.97.
Southwest Airlines (NYSE:LUV) traded down $1.72 during trading hours on Monday, reaching $56.99. 7,913,018 shares of the company traded hands, compared to its average volume of 4,860,000. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. Southwest Airlines has a twelve month low of $49.76 and a twelve month high of $66.99. The firm has a market cap of $33,820.00, a P/E ratio of 9.79, a PEG ratio of 1.06 and a beta of 1.17.
In other Southwest Airlines news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $1,348,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the transaction, the executive vice president now owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,561 shares of company stock valued at $2,277,774. Company insiders own 0.21% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Boston Partners increased its stake in shares of Southwest Airlines by 101.7% in the 3rd quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock valued at $278,822,000 after acquiring an additional 2,511,258 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Southwest Airlines by 171.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,821,985 shares of the airline’s stock valued at $101,994,000 after acquiring an additional 1,151,371 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Southwest Airlines by 104.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,754,760 shares of the airline’s stock valued at $98,219,000 after acquiring an additional 895,770 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Southwest Airlines in the 3rd quarter valued at $46,406,000. Finally, APG Asset Management N.V. increased its stake in shares of Southwest Airlines by 16.8% in the 3rd quarter. APG Asset Management N.V. now owns 4,592,536 shares of the airline’s stock valued at $257,090,000 after acquiring an additional 660,500 shares in the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.
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Southwest Airlines Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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