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 Down 0.8 %

Shares of NYSE:LUV traded down $0.31 during midday trading on Thursday, hitting $38.97. The company had a trading volume of 5,010,740 shares, compared to its average volume of 6,803,347. Southwest Airlines has a 12 month low of $34.36 and a 12 month high of $56.33. The company has a current ratio of 1.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.80. The stock has a market cap of $23.12 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.63 and a beta of 1.00. The firm has a fifty day simple moving average of $38.69 and a 200 day simple moving average of $42.38.

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

Analysts Set New Price Targets

LUV has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Southwest Airlines from $62.00 to $72.00 in a research report on Friday, April 29th. Morgan Stanley dropped their target price on Southwest Airlines from $70.00 to $65.00 and set an "overweight" rating for the company in a report on Tuesday, August 2nd. Barclays dropped their price target on Southwest Airlines from $58.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, June 23rd. Susquehanna Bancshares raised Southwest Airlines from a "neutral" rating to a "positive" rating and set a $45.00 price target for the company in a report on Tuesday, July 12th. Finally, Citigroup raised their price target on Southwest Airlines from $48.00 to $53.00 in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.06.

Insider Transactions at Southwest Airlines

In other Southwest Airlines news, Director John T. Montford sold 2,300 shares of Southwest Airlines stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $45.70, for a total transaction of $105,110.00. Following the transaction, the director now directly owns 23,296 shares in the company, valued at $1,064,627.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by corporate insiders.