Vetr upgraded shares of Southwest Airlines Company (NYSE:LUV) from a sell rating to a buy rating in a research report released on Monday. The brokerage currently has $55.93 price objective on the airline’s stock.
A number of other brokerages have also commented on LUV. BidaskClub lowered Southwest Airlines from a buy rating to a hold rating in a report on Monday, July 24th. Cowen and Company reaffirmed a buy rating and issued a $67.00 target price on shares of Southwest Airlines in a report on Friday, July 28th. Zacks Investment Research lowered Southwest Airlines from a buy rating to a hold rating in a report on Tuesday, August 1st. Morgan Stanley set a $64.00 target price on Southwest Airlines and gave the company a buy rating in a report on Thursday, August 17th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $71.00 target price on shares of Southwest Airlines in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. Southwest Airlines has an average rating of Buy and a consensus target price of $67.00.
Southwest Airlines (LUV) opened at $55.27 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The company has a market capitalization of $32,800.00, a PE ratio of 15.49, a PEG ratio of 1.78 and a beta of 1.31. Southwest Airlines has a fifty-two week low of $44.70 and a fifty-two week high of $64.39.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. analysts expect that Southwest Airlines will post 3.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.90%. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.33%.
In related news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the transaction, the director now owns 25,000 shares in the company, valued at approximately $1,348,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of LUV. Tudor Investment Corp ET AL bought a new position in shares of Southwest Airlines during the 1st quarter worth approximately $299,000. First Command Bank lifted its position in shares of Southwest Airlines by 100.0% during the 2nd quarter. First Command Bank now owns 14,970 shares of the airline’s stock worth $930,000 after buying an additional 7,485 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Southwest Airlines during the 2nd quarter worth approximately $273,000. First American Bank bought a new position in shares of Southwest Airlines during the 2nd quarter worth approximately $1,127,000. Finally, Deane Retirement Strategies Inc. bought a new position in shares of Southwest Airlines during the 2nd quarter worth approximately $1,535,000. Institutional investors and hedge funds own 80.15% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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