Southwest Airlines (NYSE:LUV)‘s stock had its “hold” rating reissued by equities research analysts at Credit Suisse Group in a research report issued on Thursday. They currently have a $56.00 target price on the airline’s stock. Credit Suisse Group’s price objective suggests a potential upside of 3.11% from the stock’s current price.
A number of other analysts have also commented on the stock. Buckingham Research lowered their target price on shares of Southwest Airlines from $73.00 to $65.00 and set a “buy” rating for the company in a report on Friday, October 26th. Citigroup boosted their price target on shares of Southwest Airlines from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, November 29th. Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Friday, January 11th. Macquarie set a $65.00 price target on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Vertical Research assumed coverage on shares of Southwest Airlines in a research report on Monday, February 4th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.84.
Shares of LUV traded down $0.10 during mid-day trading on Thursday, reaching $54.31. The company’s stock had a trading volume of 4,845,120 shares, compared to its average volume of 4,937,816. Southwest Airlines has a 1 year low of $44.28 and a 1 year high of $64.02. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $31.87 billion, a P/E ratio of 12.81, a PEG ratio of 0.89 and a beta of 1.54.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 24th. The airline reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.11. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period last year, the business posted $0.77 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. On average, analysts expect that Southwest Airlines will post 5.12 earnings per share for the current fiscal year.
In related news, Director John T. Montford sold 980 shares of the stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $51.27, for a total transaction of $50,244.60. Following the transaction, the director now owns 20,983 shares of the company’s stock, valued at approximately $1,075,798.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Ackerman Capital Advisors LLC lifted its holdings in shares of Southwest Airlines by 4,145.5% in the 4th quarter. Ackerman Capital Advisors LLC now owns 424,554 shares of the airline’s stock valued at $9,290,000 after buying an additional 414,554 shares during the period. Reilly Financial Advisors LLC purchased a new stake in Southwest Airlines during the fourth quarter valued at about $5,482,000. Valeo Financial Advisors LLC grew its position in Southwest Airlines by 12.3% during the third quarter. Valeo Financial Advisors LLC now owns 11,534 shares of the airline’s stock valued at $566,000 after acquiring an additional 1,265 shares during the period. BB&T Corp purchased a new stake in shares of Southwest Airlines in the third quarter worth about $292,000. Finally, Pendal Group Ltd boosted its position in shares of Southwest Airlines by 55.2% in the fourth quarter. Pendal Group Ltd now owns 446,610 shares of the airline’s stock worth $17,305,000 after buying an additional 158,857 shares during the period. 80.88% of the stock is currently owned by institutional investors and hedge funds.
About Southwest Airlines
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
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