Southwest Airlines (NYSE:LUV) PT Lowered to $25.00 at TD Cowen

Southwest Airlines (NYSE:LUV) had its target price dropped by analysts at TD Cowen from $26.00 to $25.00 in a research report issued on Friday, Marketbeat reports. The brokerage currently has a “hold” rating on the airline’s stock. TD Cowen’s target price suggests a potential downside of 7.51% from the company’s previous close.

Other equities analysts have also issued reports about the company. Argus raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, March 12th. Raymond James upped their target price on Southwest Airlines from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Sanford C. Bernstein raised Southwest Airlines from an “underperform” rating to a “market perform” rating and upped their target price for the company from $26.00 to $32.00 in a report on Tuesday, February 20th. Morgan Stanley lowered their target price on Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Finally, UBS Group initiated coverage on Southwest Airlines in a report on Wednesday, March 20th. They issued a “buy” rating and a $36.00 price objective for the company. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Southwest Airlines currently has a consensus rating of “Hold” and an average price target of $31.18.

Southwest Airlines Trading Down 0.8 %

Shares of NYSE LUV opened at $27.03 on Friday. The stock’s 50 day moving average price is $30.34 and its two-hundred day moving average price is $28.55. Southwest Airlines has a 52-week low of $21.91 and a 52-week high of $39.53. The stock has a market capitalization of $16.17 billion, a P/E ratio of 42.90, a PEG ratio of 0.96 and a beta of 1.15. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.78.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.42 billion. Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company posted ($0.27) earnings per share. On average, analysts anticipate that Southwest Airlines will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southwest Airlines

Institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position in Southwest Airlines by 374.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock worth $25,000 after purchasing an additional 677 shares during the period. Capital Advisors Ltd. LLC lifted its position in Southwest Airlines by 82.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after purchasing an additional 414 shares during the period. First Horizon Advisors Inc. acquired a new stake in Southwest Airlines in the fourth quarter worth approximately $29,000. ICA Group Wealth Management LLC acquired a new stake in Southwest Airlines in the fourth quarter worth approximately $29,000. Finally, Pineridge Advisors LLC acquired a new stake in shares of Southwest Airlines during the 4th quarter valued at $32,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.

About Southwest Airlines

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.