Southwest Airlines (LUV) Stock Rating Upgraded by Vetr

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.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The business had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. equities analysts predict that Southwest Airlines will post 4.92 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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