Southwest Airlines (LUV) Rating Increased to Hold at Vetr

Southwest Airlines (NYSE:LUV) was upgraded by equities research analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Monday. The brokerage currently has a $65.81 price target on the airline’s stock. Vetr‘s price objective suggests a potential downside of 0.72% from the company’s previous close.

LUV has been the topic of a number of other reports. Deutsche Bank reissued a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a report on Friday, October 27th. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a report on Tuesday, September 12th. JPMorgan Chase & Co. boosted their target price on shares of Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Macquarie started coverage on shares of Southwest Airlines in a report on Monday, September 25th. They set an “outperform” rating and a $62.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. Southwest Airlines currently has a consensus rating of “Buy” and a consensus target price of $67.58.

Southwest Airlines (NYSE LUV) opened at $66.29 on Monday. The stock has a market cap of $39,340.00, a P/E ratio of 18.99, a P/E/G ratio of 2.16 and a beta of 1.34. Southwest Airlines has a 12-month low of $48.71 and a 12-month high of $66.99. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the previous year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. analysts anticipate that Southwest Airlines will post 3.57 earnings per share for the current year.

In other news, EVP Robert E. Jordan sold 32,931 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John T. Montford sold 1,695 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total transaction of $107,242.65. Following the completion of the sale, the director now directly owns 23,098 shares in the company, valued at $1,461,410.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,593 shares of company stock worth $2,279,660. Insiders own 0.21% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BB&T Investment Services Inc. boosted its stake in Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after acquiring an additional 1,211 shares in the last quarter. Pittenger & Anderson Inc. boosted its stake in Southwest Airlines by 13.5% during the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after acquiring an additional 250 shares in the last quarter. Grove Bank & Trust boosted its stake in Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after acquiring an additional 1,880 shares in the last quarter. Harfst & Associates Inc. boosted its stake in Southwest Airlines by 43.8% during the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after acquiring an additional 732 shares in the last quarter. Finally, Smith Moore & CO. bought a new position in Southwest Airlines during the third quarter worth $206,000. 78.57% of the stock is currently owned by institutional investors.

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About Southwest Airlines

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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