Southwest Airlines (NYSE:LUV) Given New $25.00 Price Target at Susquehanna

Southwest Airlines (NYSE:LUV) had its target price reduced by Susquehanna from $27.00 to $25.00 in a report published on Tuesday, Benzinga reports. Susquehanna currently has a neutral rating on the airline’s stock.

Several other research firms have also recently weighed in on LUV. Barclays lowered their target price on Southwest Airlines from $30.00 to $26.00 and set an equal weight rating on the stock in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft raised Southwest Airlines from a hold rating to a buy rating and boosted their price target for the company from $28.00 to $42.00 in a research note on Tuesday, February 20th. Evercore ISI reissued an inline rating and issued a $35.00 price target on shares of Southwest Airlines in a research note on Tuesday, January 2nd. Argus upgraded Southwest Airlines from a hold rating to a buy rating and set a $40.00 target price for the company in a report on Tuesday, March 12th. Finally, TD Cowen cut their price target on Southwest Airlines from $26.00 to $25.00 and set a hold rating for the company in a report on Friday, April 26th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $30.59.

Southwest Airlines Trading Down 3.4 %

Shares of LUV opened at $25.94 on Tuesday. The business’s 50-day moving average price is $30.04 and its 200 day moving average price is $28.58. The stock has a market capitalization of $15.52 billion, a P/E ratio of 41.17, a P/E/G ratio of 0.99 and a beta of 1.15. Southwest Airlines has a 1-year low of $21.91 and a 1-year high of $39.53. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The company had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) EPS. Analysts expect that Southwest Airlines will post 1.45 earnings per share for the current year.

Institutional Trading of Southwest Airlines

A number of large investors have recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its stake in shares of Southwest Airlines by 374.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock valued at $25,000 after buying an additional 677 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Southwest Airlines by 82.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock valued at $26,000 after buying an additional 414 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Southwest Airlines in the fourth quarter valued at $29,000. ICA Group Wealth Management LLC bought a new position in Southwest Airlines in the fourth quarter valued at about $29,000. Finally, Pineridge Advisors LLC bought a new position in Southwest Airlines in the fourth quarter valued at about $32,000. 80.82% of the stock is currently owned by institutional investors.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.