Southwest Airlines (LUV) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Southwest Airlines (NYSE: LUV):

  • 5/2/2022 – Southwest Airlines had its price target raised by analysts at Citigroup Inc. from $48.00 to $53.00.
  • 4/29/2022 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $60.00 price target on the stock.
  • 4/29/2022 – Southwest Airlines had its price target raised by analysts at Raymond James from $54.00 to $57.00.
  • 4/29/2022 – Southwest Airlines had its price target raised by analysts at JPMorgan Chase & Co. from $62.00 to $72.00.
  • 4/7/2022 – Southwest Airlines had its price target lowered by analysts at Barclays PLC from $59.00 to $55.00.
  • 4/4/2022 – Southwest Airlines had its price target raised by analysts at Morgan Stanley from $65.00 to $67.00. They now have an “overweight” rating on the stock.
  • 3/31/2022 – Southwest Airlines is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/22/2022 – Southwest Airlines had its price target lowered by analysts at Argus from $58.00 to $50.00.
  • 3/21/2022 – Southwest Airlines had its price target lowered by analysts at Raymond James from $58.00 to $54.00. They now have an “outperform” rating on the stock.

NYSE:LUV traded up $0.76 during trading hours on Tuesday, reaching $44.59. 6,240,770 shares of the company were exchanged, compared to its average volume of 7,633,390. The company has a current ratio of 1.87, a quick ratio of 1.81 and a debt-to-equity ratio of 0.99. The stock’s 50-day moving average is $44.22 and its 200-day moving average is $44.79. The firm has a market cap of $26.44 billion, a PE ratio of 47.44, a price-to-earnings-growth ratio of 3.32 and a beta of 0.92. Southwest Airlines Co. has a twelve month low of $36.75 and a twelve month high of $63.68.

Southwest Airlines (NYSE:LUVGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The airline reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). Southwest Airlines had a negative return on equity of 4.39% and a net margin of 3.17%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the prior year, the company posted ($1.72) earnings per share. The business’s revenue was up 128.8% on a year-over-year basis. As a group, research analysts anticipate that Southwest Airlines Co. will post 2.31 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Wade G W & Inc. grew its position in Southwest Airlines by 4.8% in the 1st quarter. Wade G W & Inc. now owns 5,038 shares of the airline’s stock valued at $231,000 after buying an additional 230 shares during the last quarter. Atticus Wealth Management LLC grew its position in Southwest Airlines by 78.9% in the 1st quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock valued at $26,000 after buying an additional 250 shares during the last quarter. Greenleaf Trust grew its position in Southwest Airlines by 5.9% in the 3rd quarter. Greenleaf Trust now owns 4,490 shares of the airline’s stock valued at $231,000 after buying an additional 251 shares during the last quarter. MCIA Inc grew its position in Southwest Airlines by 5.7% in the 1st quarter. MCIA Inc now owns 4,693 shares of the airline’s stock valued at $200,000 after buying an additional 253 shares during the last quarter. Finally, Horizon Investments LLC grew its position in Southwest Airlines by 7.1% in the 3rd quarter. Horizon Investments LLC now owns 4,089 shares of the airline’s stock valued at $210,000 after buying an additional 270 shares during the last quarter. 76.74% of the stock is owned by institutional investors and hedge funds.

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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