News coverage about Southwest Airlines (NYSE:LUV) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southwest Airlines earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the airline an impact score of 44.1150977509178 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Analysts’ Recommendation in Spotlight: Southwest Airlines Co (NYSE: LUV) – Alpha Beta Stock (alphabetastock.com)
- Southwest Airlines Co. (LUV) projected to achieve -2.90% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Southwest Airlines adding new nonstop routes starting this fall – Dallas Business Journal (bizjournals.com)
- Zacks Investment Research Downgrades Southwest Airlines (LUV) to Hold (americanbankingnews.com)
- $0.81 Earnings Per Share Expected for Southwest Airlines Co (LUV) This Quarter (americanbankingnews.com)
Southwest Airlines (LUV) opened at $60.33 on Wednesday. The firm has a market capitalization of $35,135.95, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Southwest Airlines has a 12 month low of $49.76 and a 12 month high of $66.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.70.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $0.50 annualized dividend and a yield of 0.83%. Southwest Airlines’s dividend payout ratio (DPR) is currently 8.59%.
A number of research firms have recently weighed in on LUV. Bank of America downgraded shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a report on Tuesday, January 9th. Vetr raised shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price objective for the company in a report on Tuesday, December 26th. Atlantic Securities raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $48.71 to $71.00 in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.83.
In other news, COO De Ven Michael G. Van sold 31,099 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $57.35, for a total transaction of $1,783,527.65. Following the completion of the transaction, the chief operating officer now directly owns 172,883 shares in the company, valued at $9,914,840.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Tammy Romo sold 20,272 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.95, for a total value of $1,174,762.40. Following the completion of the transaction, the chief financial officer now owns 114,962 shares of the company’s stock, valued at $6,662,047.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,404 shares of company stock valued at $7,815,689. Corporate insiders own 0.21% of the company’s stock.
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About Southwest Airlines
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.
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