Southwest Airlines (NYSE:LUV – Get Rating) had its price objective hoisted by research analysts at Citigroup from $48.00 to $53.00 in a research note issued to investors on Monday, The Fly reports. Citigroup’s price objective points to a potential upside of 10.26% from the company’s previous close.
A number of other analysts have also commented on the stock. Susquehanna Bancshares lowered shares of Southwest Airlines from a “positive” rating to a “neutral” rating and decreased their price target for the company from $52.00 to $50.00 in a research note on Thursday, January 13th. Argus decreased their price target on shares of Southwest Airlines from $58.00 to $50.00 in a research note on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $60.00 price target on shares of Southwest Airlines in a research note on Friday, April 29th. Evercore ISI upgraded shares of Southwest Airlines from an “in-line” rating to an “outperform” rating and set a $48.00 price target for the company in a research note on Thursday, March 3rd. Finally, Morgan Stanley upped their target price on shares of Southwest Airlines from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, April 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Southwest Airlines has an average rating of “Hold” and an average target price of $53.88.
Shares of NYSE:LUV traded up $1.54 during mid-day trading on Monday, hitting $48.07. The company had a trading volume of 4,904,994 shares, compared to its average volume of 7,739,381. The firm has a fifty day moving average price of $44.02 and a 200 day moving average price of $44.90. The company has a market capitalization of $28.50 billion, a PE ratio of 50.37, a price-to-earnings-growth ratio of 6.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.87 and a quick ratio of 1.81. Southwest Airlines has a one year low of $36.75 and a one year high of $63.68.
Several large investors have recently modified their holdings of the stock. TCW Group Inc. lifted its holdings in Southwest Airlines by 33.8% during the fourth quarter. TCW Group Inc. now owns 224,894 shares of the airline’s stock valued at $9,635,000 after purchasing an additional 56,800 shares during the last quarter. Versor Investments LP purchased a new stake in Southwest Airlines during the fourth quarter valued at about $335,000. William Blair Investment Management LLC lifted its holdings in Southwest Airlines by 28.1% during the third quarter. William Blair Investment Management LLC now owns 94,374 shares of the airline’s stock valued at $4,854,000 after purchasing an additional 20,674 shares during the last quarter. Strs Ohio lifted its holdings in Southwest Airlines by 0.6% during the fourth quarter. Strs Ohio now owns 774,212 shares of the airline’s stock valued at $33,167,000 after purchasing an additional 4,913 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Southwest Airlines by 10.7% during the fourth quarter. Toronto Dominion Bank now owns 259,276 shares of the airline’s stock valued at $11,108,000 after purchasing an additional 24,966 shares during the last quarter. 76.74% of the stock is currently owned by institutional investors.
Southwest Airlines Company Profile (Get Rating)
Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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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