Morgan Stanley Lowers Southwest Airlines (LUV) Price Target to $69.00

Southwest Airlines (NYSE:LUV) had its target price decreased by stock analysts at Morgan Stanley from $72.00 to $69.00 in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the airline’s stock. Morgan Stanley’s price objective indicates a potential upside of 25.30% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, January 30th. Vetr raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $65.42 target price for the company in a research note on Thursday, January 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Southwest Airlines in a research note on Wednesday, January 10th. Cowen reaffirmed a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a research note on Tuesday, January 9th. Finally, UBS lowered their target price on shares of Southwest Airlines from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $70.45.

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Southwest Airlines stock opened at $55.07 on Thursday. Southwest Airlines has a 12-month low of $49.76 and a 12-month high of $66.99. The stock has a market cap of $32,302.03, a P/E ratio of 15.73, a PEG ratio of 1.41 and a beta of 1.14. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. Southwest Airlines’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. equities research analysts predict that Southwest Airlines will post 4.86 earnings per share for the current year.

In other news, EVP Gregory D. Wells sold 8,323 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $58.88, for a total value of $490,058.24. Following the completion of the transaction, the executive vice president now owns 30,262 shares of the company’s stock, valued at $1,781,826.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William H. Dr Cunningham acquired 3,500 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $56.25 per share, with a total value of $196,875.00. Following the purchase, the director now owns 70,469 shares of the company’s stock, valued at approximately $3,963,881.25. The disclosure for this purchase can be found here. In the last three months, insiders sold 108,473 shares of company stock valued at $6,296,091. Insiders own 0.21% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Southwest Airlines in the fourth quarter worth approximately $127,000. SeaCrest Wealth Management LLC purchased a new position in Southwest Airlines in the fourth quarter worth approximately $136,000. Delpha Capital Management LLC purchased a new position in Southwest Airlines in the fourth quarter worth approximately $151,000. Steward Partners Investment Advisory LLC lifted its stake in Southwest Airlines by 580.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock worth $170,000 after acquiring an additional 2,224 shares during the last quarter. Finally, Banco de Sabadell S.A purchased a new position in Southwest Airlines in the fourth quarter worth approximately $178,000. 80.10% of the stock is owned by institutional investors and hedge funds.

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Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 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, Turks, and Chaos.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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