Deutsche Bank AG reiterated their buy rating on shares of Southwest Airlines Company (NYSE:LUV) in a research note released on Friday, October 27th. Deutsche Bank AG currently has a $71.00 price objective on the airline’s stock.
A number of other equities research analysts also recently issued reports on the company. Cowen and Company reissued an outperform rating and set a $64.00 price target (up previously from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. Vetr lowered Southwest Airlines from a buy rating to a hold rating and set a $59.16 target price for the company. in a research report on Wednesday, October 4th. Macquarie assumed coverage on Southwest Airlines in a research report on Monday, September 25th. They issued an outperform rating and a $62.00 price objective for the company. Zacks Investment Research downgraded Southwest Airlines from a hold rating to a sell rating in a research note on Wednesday, September 20th. Finally, Raymond James Financial, Inc. raised shares of Southwest Airlines from a market perform rating to an outperform rating and set a $65.00 target price on the stock in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $67.00.
Southwest Airlines (LUV) traded down $0.45 during trading on Friday, hitting $53.05. The company had a trading volume of 535,503 shares, compared to its average volume of 5,246,054. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. Southwest Airlines has a 1-year low of $42.99 and a 1-year high of $64.39. The company has a market cap of $31,740.00, a P/E ratio of 15.41, a PEG ratio of 1.77 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts anticipate that Southwest Airlines will post 3.56 EPS for the current year.
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In related news, Director John T. Montford sold 935 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tredje AP fonden raised its position in Southwest Airlines by 32.4% during the third quarter. Tredje AP fonden now owns 49,049 shares of the airline’s stock worth $2,746,000 after acquiring an additional 12,010 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Southwest Airlines by 321.8% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 28,796 shares of the airline’s stock valued at $1,612,000 after buying an additional 21,969 shares during the last quarter. KBC Group NV grew its holdings in shares of Southwest Airlines by 7.3% in the third quarter. KBC Group NV now owns 204,703 shares of the airline’s stock valued at $11,459,000 after purchasing an additional 14,013 shares during the period. Marietta Wealth Management LLC grew its holdings in shares of Southwest Airlines by 13.6% in the third quarter. Marietta Wealth Management LLC now owns 24,170 shares of the airline’s stock valued at $1,353,000 after purchasing an additional 2,893 shares during the period. Finally, BB&T Securities LLC boosted its stake in Southwest Airlines by 465.5% during the third quarter. BB&T Securities LLC now owns 166,659 shares of the airline’s stock worth $9,329,000 after buying an additional 137,186 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.
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.
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