Southwest Airlines (LUV) Rating Increased to Buy at Vetr

Southwest Airlines (NYSE:LUV) was upgraded by Vetr from a “sell” rating to a “buy” rating in a report released on Monday, November 13th. The brokerage presently has a $55.93 price target on the airline’s stock. Vetr‘s price target points to a potential downside of 6.66% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. BidaskClub lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Raymond James Financial raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a report on Wednesday, September 20th. Finally, Morgan Stanley set a $64.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $66.89.

Shares of Southwest Airlines (NYSE:LUV) traded down $0.75 during trading hours on Monday, hitting $59.92. 6,185,409 shares of the stock were exchanged, compared to its average volume of 4,186,127. The stock has a market capitalization of $36,000.82, a price-to-earnings ratio of 17.48, a PEG ratio of 2.01 and a beta of 1.34. Southwest Airlines has a fifty-two week low of $47.04 and a fifty-two week high of $64.39. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping 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 net margin of 10.12% and a return on equity of 24.85%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. sell-side analysts expect that Southwest Airlines will post 3.56 EPS for the current fiscal year.

In other Southwest Airlines news, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. BT Investment Management Ltd lifted its stake in shares of Southwest Airlines by 43.1% during the third quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after buying an additional 122,892 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Southwest Airlines by 7.7% during the second quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock worth $13,472,000 after buying an additional 15,575 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Southwest Airlines by 2.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,121 shares of the airline’s stock worth $28,965,000 after buying an additional 10,851 shares during the period. Columbus Circle Investors lifted its stake in shares of Southwest Airlines by 28.2% during the second quarter. Columbus Circle Investors now owns 220,903 shares of the airline’s stock worth $13,727,000 after buying an additional 48,632 shares during the period. Finally, Marshall Wace North America L.P. lifted its stake in shares of Southwest Airlines by 912.7% during the second quarter. Marshall Wace North America L.P. now owns 49,855 shares of the airline’s stock worth $3,091,000 after buying an additional 44,932 shares during the period. Institutional investors and hedge funds own 78.86% of the company’s stock.

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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.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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