Southwest Airlines Co. (NYSE:LUV) Given Consensus Recommendation of “Hold” by Analysts

Southwest Airlines Co. (NYSE:LUVGet Rating) has earned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $53.40.

A number of equities analysts recently issued reports on the company. Barclays decreased their price objective on Southwest Airlines from $59.00 to $55.00 in a report on Thursday, April 7th. JPMorgan Chase & Co. increased their price objective on Southwest Airlines from $62.00 to $72.00 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $60.00 price objective on shares of Southwest Airlines in a report on Friday, April 29th. Morgan Stanley increased their price objective on Southwest Airlines from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, April 4th. Finally, Citigroup increased their price target on Southwest Airlines from $48.00 to $53.00 in a research note on Monday, May 2nd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LUV. Oldfield Partners LLP purchased a new stake in shares of Southwest Airlines in the first quarter valued at $107,911,000. Scout Investments Inc. purchased a new stake in shares of Southwest Airlines in the first quarter valued at $92,502,000. Vanguard Group Inc. lifted its holdings in shares of Southwest Airlines by 2.0% in the first quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock valued at $2,886,717,000 after purchasing an additional 1,213,767 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Southwest Airlines in the third quarter valued at $1,328,000. Finally, Norges Bank purchased a new stake in shares of Southwest Airlines during the fourth quarter worth $48,312,000. Institutional investors own 76.74% of the company’s stock.

Shares of Southwest Airlines stock opened at $45.00 on Friday. 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 business’s 50 day simple moving average is $44.82 and its 200-day simple moving average is $44.37. The stock has a market capitalization of $26.68 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 3.21 and a beta of 0.92. Southwest Airlines has a twelve month low of $36.75 and a twelve month high of $62.26.

Southwest Airlines (NYSE:LUVGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The airline reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.02. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Southwest Airlines had a negative return on equity of 4.39% and a net margin of 3.17%. The business’s quarterly revenue was up 128.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.72) EPS. Sell-side analysts predict that Southwest Airlines will post 2.26 earnings per share for the current year.

About Southwest Airlines (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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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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