Southwest Airlines Co. (NYSE:LUV – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Southwest Airlines (LUV)
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.