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.
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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