Southwest Airlines Co (LUV) Receives Consensus Rating of “Buy” from Analysts

Shares of Southwest Airlines Co (NYSE:LUV) have been assigned an average rating of “Buy” from the twenty-one analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $69.31.

Several equities analysts have issued reports on LUV shares. Morgan Stanley reissued a “buy” rating on shares of Southwest Airlines in a research note on Tuesday, August 14th. ValuEngine raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Macquarie set a $71.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Monday, September 17th. Buckingham Research boosted their price objective on shares of Southwest Airlines from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Finally, Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Friday, September 7th.

In other news, SVP Mark R. Shaw sold 4,910 shares of the company’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $58.35, for a total transaction of $286,498.50. Following the transaction, the senior vice president now directly owns 11,546 shares of the company’s stock, valued at approximately $673,709.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John T. Montford sold 430 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $58.27, for a total transaction of $25,056.10. Following the transaction, the director now directly owns 23,853 shares in the company, valued at $1,389,914.31. The disclosure for this sale can be found here. Insiders sold a total of 11,470 shares of company stock worth $674,941 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Boston Partners grew its stake in shares of Southwest Airlines by 5.2% during the 2nd quarter. Boston Partners now owns 8,927,411 shares of the airline’s stock worth $454,227,000 after purchasing an additional 443,918 shares during the period. Bank of Montreal Can grew its stake in shares of Southwest Airlines by 9.3% during the 2nd quarter. Bank of Montreal Can now owns 5,832,599 shares of the airline’s stock worth $296,764,000 after purchasing an additional 494,484 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Southwest Airlines by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,637,579 shares of the airline’s stock worth $185,076,000 after purchasing an additional 328,453 shares during the period. American Century Companies Inc. grew its stake in shares of Southwest Airlines by 33.9% during the 2nd quarter. American Century Companies Inc. now owns 3,500,152 shares of the airline’s stock worth $178,088,000 after purchasing an additional 886,325 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Southwest Airlines by 12.2% during the 2nd quarter. Wells Fargo & Company MN now owns 3,324,336 shares of the airline’s stock worth $169,142,000 after purchasing an additional 360,539 shares during the period. 77.99% of the stock is currently owned by institutional investors and hedge funds.

LUV stock traded up $0.26 on Wednesday, hitting $59.20. The company’s stock had a trading volume of 4,664,300 shares, compared to its average volume of 5,141,884. Southwest Airlines has a 1 year low of $49.93 and a 1 year high of $66.99. The company has a market cap of $35.79 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.64.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, July 26th. The airline reported $1.26 EPS for the quarter, beating the consensus estimate of $1.23 by $0.03. Southwest Airlines had a net margin of 16.90% and a return on equity of 22.16%. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. Southwest Airlines’s revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts anticipate that Southwest Airlines will post 4.2 earnings per share for the current year.

About Southwest Airlines

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 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.

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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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