Southwest Airlines (LUV) Rating Lowered to Hold at ValuEngine

Southwest Airlines (NYSE:LUV) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other analysts also recently weighed in on LUV. Vetr upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price target on the stock in a research report on Monday. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Barclays reiterated a “hold” rating and issued a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. Cowen reiterated an “outperform” rating and issued a $64.00 price target (up from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. Finally, Macquarie began coverage on Southwest Airlines in a research note on Monday, September 25th. They set an “outperform” rating and a $62.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $67.58.

Shares of Southwest Airlines (LUV) opened at $66.29 on Wednesday. The firm 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. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. Southwest Airlines has a 52-week low of $48.71 and a 52-week high of $66.99.

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

In other news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Montford sold 1,695 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total transaction of $107,242.65. Following the transaction, the director now directly owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The disclosure for this sale can be found here. Insiders have sold a total of 35,593 shares of company stock valued at $2,279,660 over the last ninety days. Company insiders own 0.21% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of Southwest Airlines by 13.1% in the second quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock valued at $549,016,000 after buying an additional 1,026,892 shares in the last quarter. Boston Partners grew its stake in shares of Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock valued at $278,822,000 after buying an additional 2,511,258 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Southwest Airlines by 16.8% in the third quarter. APG Asset Management N.V. now owns 4,592,536 shares of the airline’s stock valued at $257,090,000 after buying an additional 660,500 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Southwest Airlines by 35.6% in the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock valued at $257,901,000 after buying an additional 1,090,189 shares in the last quarter. Finally, Rockefeller Financial Services Inc. grew its stake in shares of Southwest Airlines by 4.0% in the third quarter. Rockefeller Financial Services Inc. now owns 3,193,405 shares of the airline’s stock valued at $178,766,000 after buying an additional 121,447 shares in the last quarter. 78.57% of the stock is 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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