Southwest Airlines (NYSE:LUV) Research Coverage Started at Tigress Financial

Tigress Financial began coverage on shares of Southwest Airlines (NYSE:LUV) in a research report sent to investors on Friday,Benzinga reports. The firm issued a buy rating and a $62.00 price target on the airline’s stock.

Other analysts have also recently issued reports about the company. Susquehanna cut their price objective on Southwest Airlines from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Raymond James Financial cut their target price on shares of Southwest Airlines from $60.00 to $54.00 and set an “outperform” rating on the stock in a research note on Monday, August 24th. Weiss Ratings raised shares of Southwest Airlines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. The Goldman Sachs Group upped their target price on shares of Southwest Airlines from $30.00 to $35.00 and gave the company a “sell” rating in a report on Thursday, July 2nd. Finally, UBS Group lifted their target price on shares of Southwest Airlines from $52.00 to $54.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Southwest Airlines has an average rating of “Hold” and an average target price of $48.20.

Southwest Airlines Price Performance

Shares of LUV stock opened at $42.41 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 0.62 and a beta of 1.23. The stock has a fifty day simple moving average of $40.75 and a two-hundred day simple moving average of $43.49. Southwest Airlines has a twelve month low of $29.26 and a twelve month high of $55.11.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Wednesday, October 21st. The airline reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Southwest Airlines had a return on equity of 18.05% and a net margin of 3.34%. The business had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter last year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post 2.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its holdings in shares of Southwest Airlines by 45.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 8,102 shares of the airline’s stock valued at $338,000 after buying an additional 2,533 shares during the period. Rakuten Investment Management Inc. boosted its position in Southwest Airlines by 8.1% during the 3rd quarter. Rakuten Investment Management Inc. now owns 55,999 shares of the airline’s stock valued at $2,356,000 after purchasing an additional 4,178 shares during the period. AIA Group Ltd bought a new position in Southwest Airlines during the 3rd quarter worth $531,000. Third View Private Wealth LLC grew its stake in Southwest Airlines by 12.9% during the 3rd quarter. Third View Private Wealth LLC now owns 10,298 shares of the airline’s stock worth $429,000 after buying an additional 1,176 shares during the last quarter. Finally, Provenance Wealth Advisors LLC increased its position in Southwest Airlines by 11,537.5% in the third quarter. Provenance Wealth Advisors LLC now owns 1,862 shares of the airline’s stock worth $78,000 after buying an additional 1,846 shares during the period. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co is a major U.S. passenger airline headquartered in Dallas, Texas. The company provides scheduled air transportation for leisure and business travelers, with service connecting cities throughout the United States and selected destinations in Mexico, the Caribbean, and Central America.

Southwest is known for its predominantly domestic network and point-to-point operating model. In addition to passenger flights, the company offers ancillary services and air cargo transportation.