Southwest Airlines (NYSE:LUV) PT Lowered to $59.00

Southwest Airlines (NYSE:LUV) had its price target trimmed by Barclays from $65.00 to $59.00 in a research report sent to investors on Friday, The Fly reports. The brokerage currently has an overweight rating on the airline’s stock.

A number of other equities research analysts also recently commented on LUV. JPMorgan Chase & Co. raised shares of Southwest Airlines from a neutral rating to an overweight rating and lifted their target price for the stock from $64.00 to $70.00 in a research report on Friday, October 1st. UBS Group downgraded shares of Southwest Airlines from a buy rating to a neutral rating in a report on Thursday, December 9th. Raymond James lowered their price target on shares of Southwest Airlines from $62.00 to $60.00 and set an outperform rating for the company in a research report on Monday, November 29th. The Goldman Sachs Group cut shares of Southwest Airlines from a neutral rating to a sell rating and decreased their target price for the company from $59.00 to $36.00 in a research report on Friday, December 10th. Finally, Zacks Investment Research raised shares of Southwest Airlines from a sell rating to a hold rating and set a $52.00 price target for the company in a report on Tuesday, September 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $55.72.

Southwest Airlines stock opened at $45.82 on Friday. Southwest Airlines has a 12 month low of $38.66 and a 12 month high of $64.75. The company has a current ratio of 2.03, a quick ratio of 1.98 and a debt-to-equity ratio of 1.07. The business’s 50 day simple moving average is $44.60 and its 200 day simple moving average is $48.50. The company has a market cap of $27.12 billion, a price-to-earnings ratio of -916.40, a PEG ratio of 4.11 and a beta of 1.10.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, October 20th. The airline reported ($0.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. Southwest Airlines had a negative return on equity of 22.34% and a net margin of 0.02%. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the business posted ($1.99) earnings per share. The firm’s revenue was up 161.0% compared to the same quarter last year. As a group, equities research analysts forecast that Southwest Airlines will post -2.18 earnings per share for the current fiscal year.

In other Southwest Airlines news, Director Thomas W. Gilligan sold 11,188 shares of the business’s stock in a transaction that occurred on Wednesday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $529,639.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Large investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Southwest Airlines in the 3rd quarter valued at $25,000. Massmutual Trust Co. FSB ADV raised its position in Southwest Airlines by 138.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 491 shares of the airline’s stock valued at $26,000 after purchasing an additional 285 shares during the last quarter. Herold Advisors Inc. purchased a new stake in Southwest Airlines in the 3rd quarter valued at $30,000. Salem Investment Counselors Inc. raised its position in Southwest Airlines by 85.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 758 shares of the airline’s stock valued at $40,000 after purchasing an additional 350 shares during the last quarter. Finally, Arlington Partners LLC purchased a new stake in Southwest Airlines in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

About Southwest Airlines

Southwest Airlines Co engages in the management of a passenger airline. It offers ancillary services such as earlybird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. The firm operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

See Also: Are FAANG stocks a good investment?

The Fly logo

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.