Southwest Airlines Company (LUV) Stock Rating Lowered by Vetr Inc.
Vetr lowered shares of Southwest Airlines Company (NYSE:LUV) from a buy rating to a hold rating in a report released on Wednesday, October 4th. Vetr currently has $59.16 price target on the airline’s stock.
A number of other equities analysts have also weighed in on the stock. Macquarie assumed coverage on shares of Southwest Airlines in a research report on Monday, September 25th. They issued an outperform rating and a $62.00 price target for the company. Zacks Investment Research lowered shares of Southwest Airlines from a hold rating to a sell rating in a research report on Wednesday, September 20th. Raymond James Financial, Inc. upgraded shares of Southwest Airlines from a market perform rating to an outperform rating and set a $65.00 price target for the company in a research report on Wednesday, September 20th. J P Morgan Chase & Co upgraded shares of Southwest Airlines from a neutral rating to an overweight rating and upped their price target for the stock from $60.00 to $66.00 in a research report on Friday, September 15th. Finally, Barclays PLC reiterated a hold rating and issued a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. Southwest Airlines has a consensus rating of Buy and a consensus target price of $66.95.
Southwest Airlines (NYSE LUV) traded up 0.53% on Wednesday, reaching $59.12. 3,138,689 shares of the company traded hands. Southwest Airlines has a 1-year low of $36.91 and a 1-year high of $64.39. The stock has a market capitalization of $35.39 billion, a price-to-earnings ratio of 18.13 and a beta of 1.32. The stock’s 50-day moving average is $54.94 and its 200-day moving average is $57.13.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Equities research analysts expect that Southwest Airlines will post $3.62 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, August 22nd. Southwest Airlines’s payout ratio is 15.34%.
In other Southwest Airlines news, Director William H. Dr Cunningham purchased 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $54.00 per share, with a total value of $243,000.00. Following the completion of the purchase, the director now directly owns 66,969 shares in the company, valued at $3,616,326. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America raised its stake in Southwest Airlines by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after purchasing an additional 15 shares in the last quarter. Bank of Hawaii raised its stake in shares of Southwest Airlines by 0.3% in the first quarter. Bank of Hawaii now owns 12,867 shares of the airline’s stock valued at $692,000 after acquiring an additional 35 shares during the period. Stonebridge Capital Advisors LLC raised its stake in shares of Southwest Airlines by 0.6% in the second quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock valued at $395,000 after acquiring an additional 35 shares during the period. First Heartland Consultants Inc. raised its stake in shares of Southwest Airlines by 0.3% in the first quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline’s stock valued at $876,000 after acquiring an additional 43 shares during the period. Finally, Harwood Advisory Group LLC raised its stake in shares of Southwest Airlines by 0.9% in the second quarter. Harwood Advisory Group LLC now owns 5,607 shares of the airline’s stock valued at $348,000 after acquiring an additional 51 shares during the period. 79.42% of the stock is currently owned by institutional investors.
Southwest Airlines Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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