Southwest Airlines (NYSE:LUV) was upgraded by stock analysts at Macquarie to an “outperform” rating in a research note issued to investors on Tuesday, September 18th.

A number of other research analysts have also recently commented on LUV. Tigress Financial started coverage on Southwest Airlines in a research note on Friday, May 25th. They issued a “buy” rating for the company. Citigroup lowered their target price on Southwest Airlines from $67.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, May 29th. Cowen lowered their target price on Southwest Airlines from $65.00 to $63.00 and set an “outperform” rating for the company in a research report on Monday, June 4th. Deutsche Bank lowered their target price on Southwest Airlines from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Monday, June 11th. Finally, Edward Jones raised Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Tuesday, June 12th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Southwest Airlines has an average rating of “Buy” and an average target price of $69.30.

Shares of LUV stock traded up $0.35 during trading hours on Tuesday, reaching $57.38. The company’s stock had a trading volume of 4,011,789 shares, compared to its average volume of 5,158,625. The company has a market cap of $35.79 billion, a PE ratio of 16.39, a P/E/G ratio of 1.24 and a beta of 1.06. Southwest Airlines has a fifty-two week low of $49.93 and a fifty-two week high of $66.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.64 and a current ratio of 0.70.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 26th. The airline reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.03. Southwest Airlines had a return on equity of 22.16% and a net margin of 16.90%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.75 billion. During the same period in the prior year, the company earned $1.24 EPS. Southwest Airlines’s revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Southwest Airlines will post 4.2 EPS for the current fiscal year.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Norman Fields Gottscho Capital Management LLC lifted its position in shares of Southwest Airlines by 1.9% during the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 45,180 shares of the airline’s stock worth $2,821,000 after buying an additional 855 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Southwest Airlines by 19.0% during the 2nd quarter. AE Wealth Management LLC now owns 5,432 shares of the airline’s stock worth $276,000 after buying an additional 869 shares in the last quarter. Lucia Wealth Services LLC lifted its position in shares of Southwest Airlines by 22.7% during the 2nd quarter. Lucia Wealth Services LLC now owns 4,854 shares of the airline’s stock worth $247,000 after buying an additional 898 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Southwest Airlines by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 228,478 shares of the airline’s stock worth $11,625,000 after buying an additional 956 shares in the last quarter. Finally, Telos Capital Management Inc. lifted its position in shares of Southwest Airlines by 2.9% during the 2nd quarter. Telos Capital Management Inc. now owns 34,775 shares of the airline’s stock worth $1,769,000 after buying an additional 972 shares in the last quarter. Institutional investors and hedge funds own 77.99% of the company’s stock.

Southwest Airlines Company Profile

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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