Southwest Airlines Co. (NYSE:LUV) Receives $49.40 Average PT from Brokerages

Southwest Airlines Co. (NYSE:LUVGet Rating) has received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $49.40.

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Susquehanna decreased their price target on shares of Southwest Airlines from $45.00 to $40.00 in a research note on Tuesday, October 11th. Bank of America decreased their price target on shares of Southwest Airlines from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, October 6th. Cowen decreased their price target on shares of Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. Finally, Melius started coverage on shares of Southwest Airlines in a research note on Monday, August 15th. They set a “buy” rating on the stock.

Southwest Airlines Price Performance

Shares of NYSE LUV opened at $38.63 on Friday. The stock has a market cap of $22.94 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.81 and a beta of 1.07. Southwest Airlines has a 52 week low of $30.20 and a 52 week high of $50.10. The company’s 50-day moving average price is $34.76 and its 200 day moving average price is $37.84. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.76.

Southwest Airlines (NYSE:LUVGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The airline reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Southwest Airlines had a net margin of 3.64% and a return on equity of 9.66%. The firm’s revenue was up 32.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.23) EPS. As a group, research analysts forecast that Southwest Airlines will post 2.29 earnings per share for the current fiscal year.

Insider Activity at Southwest Airlines

In related news, Director John T. Montford sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $38.87, for a total value of $87,457.50. Following the transaction, the director now owns 21,046 shares in the company, valued at $818,058.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LUV. Price T Rowe Associates Inc. MD raised its holdings in Southwest Airlines by 17.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 33,378,877 shares of the airline’s stock valued at $1,205,645,000 after buying an additional 4,992,817 shares during the period. Prudential Financial Inc. raised its holdings in Southwest Airlines by 382.1% in the second quarter. Prudential Financial Inc. now owns 2,729,729 shares of the airline’s stock valued at $98,599,000 after buying an additional 2,163,492 shares during the period. Vanguard Group Inc. raised its holdings in Southwest Airlines by 2.0% in the first quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock valued at $2,886,717,000 after buying an additional 1,213,767 shares during the period. Envestnet Asset Management Inc. raised its holdings in Southwest Airlines by 557.3% in the second quarter. Envestnet Asset Management Inc. now owns 946,671 shares of the airline’s stock valued at $34,194,000 after buying an additional 802,645 shares during the period. Finally, LMR Partners LLP purchased a new position in Southwest Airlines in the third quarter valued at approximately $23,869,000. Hedge funds and other institutional investors own 76.40% of the company’s stock.

About Southwest Airlines

(Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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