Southwest Airlines - LUV Stock Forecast, Price & News

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. It also provides inflight entertainment and connectivity services on Wi-Fi enabled aircrafts; and Rapid Rewards loyalty program that enables program members to earn points for dollars spent on Southwest base fares. In addition, the company offers a suite of digital platforms to support customers' travel needs, including websites and apps; and SWABIZ, an online booking tool. Further, it provides ancillary services, such as Southwest's EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.

Southwest Airlines Trading Up 0.1 %

NYSE:LUV opened at $38.81 on Monday. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 2.67 and a beta of 1.00. The stock's 50 day moving average price is $39.08 and its two-hundred day moving average price is $42.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.59 and a current ratio of 1.66. Southwest Airlines has a 52 week low of $34.36 and a 52 week high of $56.33.

Southwest Airlines (NYSE:LUV - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The airline reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.39. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.69 billion. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The business's quarterly revenue was up 67.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.35) EPS. As a group, analysts anticipate that Southwest Airlines will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on LUV. Citigroup increased their price target on Southwest Airlines from $48.00 to $53.00 in a report on Monday, May 2nd. JPMorgan Chase & Co. increased their price target on Southwest Airlines from $62.00 to $72.00 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $60.00 price target on shares of Southwest Airlines in a report on Friday, April 29th. Morgan Stanley lowered their price target on Southwest Airlines from $70.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, August 2nd. Finally, Susquehanna raised Southwest Airlines from a "neutral" rating to a "positive" rating and set a $45.00 price objective for the company in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.06.

Insider Buying and Selling at Southwest Airlines

In other Southwest Airlines news, Director John T. Montford sold 2,300 shares of the company's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $45.70, for a total value of $105,110.00. Following the transaction, the director now directly owns 23,296 shares of the company's stock, valued at approximately $1,064,627.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.32% of the company's stock.