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.

Analysts Set New Price Targets

LUV has been the topic of a number of research analyst reports. Raymond James upgraded Southwest Airlines from an "outperform" rating to a "strong-buy" rating and reduced their target price for the company from $57.00 to $55.00 in a report on Thursday, June 23rd. Cowen reduced their price objective on Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. Argus cut Southwest Airlines from a "buy" rating to a "hold" rating in a research note on Monday. Morgan Stanley reduced their price objective on Southwest Airlines from $70.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $60.00 price objective on shares of Southwest Airlines in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Southwest Airlines presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.06.

Southwest Airlines Stock Down 2.4 %

Southwest Airlines stock traded down $0.95 during midday trading on Friday, hitting $38.03. The stock had a trading volume of 79,975 shares, compared to its average volume of 5,758,009. 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 $22.57 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.77 and a beta of 1.00. Southwest Airlines has a 12 month low of $34.36 and a 12 month high of $56.33. The business has a fifty day moving average price of $38.15 and a 200 day moving average price of $42.20.

Southwest Airlines (NYSE:LUV - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The airline reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.39. The firm had revenue of $6.73 billion during 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%. Southwest Airlines's quarterly revenue was up 67.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.35) earnings per share. Research analysts predict that Southwest Airlines will post 2.34 EPS for the current year.

Insider Activity at Southwest Airlines

In related news, Director John T. Montford sold 2,300 shares of the business's stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $45.70, for a total value of $105,110.00. Following the completion of the sale, the director now directly owns 23,296 shares of the company's stock, valued at $1,064,627.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.