Southwest Airlines Company (NYSE:LUV)‘s stock had its “hold” rating reissued by investment analysts at Barclays PLC in a research report issued on Thursday. They presently have a $61.00 price objective on the airline’s stock. Barclays PLC’s price target points to a potential upside of 11.60% from the stock’s current price.

Several other research analysts have also recently commented on LUV. Zacks Investment Research cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a research note on Tuesday. Wolfe Research raised Southwest Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. Citigroup Inc. reissued a “buy” rating and set a $64.00 target price (down from $65.00) on shares of Southwest Airlines in a research note on Thursday, September 7th. Finally, BidaskClub cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Southwest Airlines currently has an average rating of “Buy” and a consensus target price of $67.04.

Shares of Southwest Airlines (LUV) opened at 54.66 on Thursday. The company has a market cap of $32.72 billion, a P/E ratio of 16.76 and a beta of 1.29. The company’s 50-day moving average price is $54.06 and its 200-day moving average price is $56.97. Southwest Airlines has a 12 month low of $36.31 and a 12 month high of $64.39.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the previous year, the firm posted $1.19 EPS. Southwest Airlines’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts forecast that Southwest Airlines will post $3.73 EPS for the current fiscal year.

Southwest Airlines announced that its Board of Directors has initiated a share repurchase plan on Wednesday, May 17th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the airline to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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In other news, Director William H. Dr Cunningham bought 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $54.00 per share, with a total value of $243,000.00. Following the transaction, the director now directly owns 66,969 shares in the company, valued at $3,616,326. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BDO Wealth Advisors LLC acquired a new stake in shares of Southwest Airlines in the 2nd quarter valued at about $102,000. Pittenger & Anderson Inc. boosted its position in shares of Southwest Airlines by 13.5% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after purchasing an additional 250 shares during the period. National Pension Service acquired a new stake in shares of Southwest Airlines in the 2nd quarter valued at about $141,000. Guardian Life Insurance Co. of America boosted its position in shares of Southwest Airlines by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after purchasing an additional 15 shares during the period. Finally, Harfst & Associates Inc. boosted its position in shares of Southwest Airlines by 43.8% in the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after purchasing an additional 732 shares during the period. 79.42% of the stock is owned by hedge funds and other institutional investors.

About Southwest Airlines

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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