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.
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.
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