LUV Stock – Southwest Airlines Co. (NYSE:LUV) Given Consensus Rating of “Buy” by Analysts
Southwest Airlines Co. (NYSE:LUV) has been given an average recommendation of “Buy” by the twenty-three analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $60.38.
Several equities analysts recently weighed in on LUV shares. Zacks Investment Research raised shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.00 price target on the stock in a research report on Wednesday, March 31st. Morgan Stanley increased their price objective on shares of Southwest Airlines from $59.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, April 6th. Raymond James increased their price objective on shares of Southwest Airlines from $54.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, April 12th. Barclays increased their price objective on shares of Southwest Airlines from $51.00 to $64.00 in a research note on Thursday, April 15th. Finally, Jefferies Financial Group increased their price objective on shares of Southwest Airlines from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, March 30th.
In related news, Director John T. Montford sold 500 shares of Southwest Airlines stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $61.85, for a total value of $30,925.00. Following the completion of the transaction, the director now directly owns 22,332 shares in the company, valued at approximately $1,381,234.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Advisor Partners LLC boosted its holdings in Southwest Airlines by 14.5% in the 1st quarter. Advisor Partners LLC now owns 18,655 shares of the airline’s stock valued at $1,139,000 after purchasing an additional 2,356 shares during the period. Warren Averett Asset Management LLC bought a new position in Southwest Airlines in the 1st quarter valued at $255,000. Columbia Asset Management boosted its holdings in Southwest Airlines by 13.5% in the 1st quarter. Columbia Asset Management now owns 8,719 shares of the airline’s stock valued at $1,135,000 after purchasing an additional 1,040 shares during the period. Schroder Investment Management Group boosted its holdings in Southwest Airlines by 37.1% in the 1st quarter. Schroder Investment Management Group now owns 559,412 shares of the airline’s stock valued at $34,158,000 after purchasing an additional 151,439 shares during the period. Finally, Aspire Private Capital LLC boosted its holdings in Southwest Airlines by 87.1% in the 1st quarter. Aspire Private Capital LLC now owns 2,264 shares of the airline’s stock valued at $138,000 after purchasing an additional 1,054 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE LUV opened at $57.50 on Friday. Southwest Airlines has a fifty-two week low of $30.24 and a fifty-two week high of $64.75. The company has a market cap of $34.00 billion, a PE ratio of -11.64 and a beta of 1.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.91 and a current ratio of 1.97. The company has a 50-day simple moving average of $61.24.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Wednesday, April 21st. The airline reported ($1.72) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.85) by $0.13. Southwest Airlines had a negative net margin of 41.71% and a negative return on equity of 46.10%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm earned ($0.15) EPS. The firm’s revenue for the quarter was down 51.5% compared to the same quarter last year. As a group, equities analysts predict that Southwest Airlines will post -1.32 EPS for the current fiscal year.
Southwest Airlines Company Profile
Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2020, the company operated a total fleet of 718 Boeing 737 aircrafts; and served 107 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten 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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