Southwest Airlines Company (LUV) Receives “Overweight” Rating from Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of Southwest Airlines Company (NYSE:LUV) in a report published on Tuesday.

Several other research analysts have also commented on LUV. Zacks Investment Research lowered Southwest Airlines from a buy rating to a hold rating in a report on Tuesday, August 1st. Wolfe Research upgraded shares of Southwest Airlines from a market perform rating to an outperform rating in a report on Friday, August 18th. BidaskClub lowered shares of Southwest Airlines from a buy rating to a hold rating in a report on Friday, June 9th. Sanford C. Bernstein restated an outperform rating and issued a $70.00 price objective on shares of Southwest Airlines in a report on Thursday, July 13th. Finally, Vetr upgraded shares of Southwest Airlines from a sell rating to a hold rating and set a $62.02 price objective on the stock in a report on Monday, May 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $67.77.

Shares of Southwest Airlines (NYSE:LUV) opened at 54.72 on Tuesday. Southwest Airlines has a 1-year low of $36.31 and a 1-year high of $64.39. The company’s 50-day moving average is $53.74 and its 200-day moving average is $56.91. The stock has a market cap of $32.75 billion, a P/E ratio of 16.78 and a beta of 1.29.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Equities analysts expect that Southwest Airlines will post $3.73 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.91%. The ex-dividend date was Tuesday, August 22nd. Southwest Airlines’s payout ratio is 15.34%.

In other Southwest Airlines news, Director William H. Dr Cunningham acquired 4,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $54.00 per share, for a total transaction of $243,000.00. Following the completion of the transaction, the director now owns 66,969 shares of the company’s stock, valued at approximately $3,616,326. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. BDO Wealth Advisors LLC acquired a new stake in Southwest Airlines in the second quarter valued at $102,000. Pittenger & Anderson Inc. grew its holdings in Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after purchasing an additional 250 shares during the last quarter. National Pension Service acquired a new stake in shares of Southwest Airlines during the second quarter valued at $141,000. Guardian Life Insurance Co. of America boosted its stake in shares of Southwest Airlines by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after acquiring an additional 15 shares during the last quarter. Finally, Harfst & Associates Inc. boosted its stake in shares of Southwest Airlines by 43.8% during the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after acquiring an additional 732 shares during the last quarter. 79.42% of the stock is currently owned by institutional investors.

Southwest Airlines Company Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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