Southwest Airlines Company (NYSE:LUV) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “sell” rating in a research report issued to clients and investors on Monday. They currently have a $48.78 price objective on the airline’s stock. Vetr‘s price target would suggest a potential downside of 9.45% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Wolfe Research downgraded shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Monday, July 10th. They noted that the move was a valuation call. Citigroup Inc. reissued a “buy” rating and set a $64.00 price objective (down previously from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Finally, Cowen and Company reissued a “buy” rating and set a $67.00 price objective on shares of Southwest Airlines in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. Southwest Airlines has an average rating of “Buy” and an average target price of $66.58.

Shares of Southwest Airlines (LUV) opened at $53.87 on Monday. Southwest Airlines has a 12 month low of $40.71 and a 12 month high of $64.39. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. The company has a market cap of $32,351.49, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The firm had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. equities research analysts forecast that Southwest Airlines will post 3.56 EPS for the current fiscal year.

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In other news, Director William H. Dr Cunningham purchased 4,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $54.00 per share, for a total transaction of $243,000.00. Following the completion of the purchase, the director now directly owns 66,969 shares in the company, valued at approximately $3,616,326. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.21% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services Inc lifted its stake in Southwest Airlines by 11.8% in the third quarter. Commonwealth Equity Services Inc now owns 103,582 shares of the airline’s stock valued at $5,798,000 after acquiring an additional 10,894 shares during the last quarter. Putnam FL Investment Management Co. acquired a new stake in shares of Southwest Airlines during the 3rd quarter worth about $1,409,000. Russell Investments Group Ltd. lifted its stake in shares of Southwest Airlines by 104.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,754,760 shares of the airline’s stock worth $98,219,000 after buying an additional 895,770 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Southwest Airlines by 4.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 487,280 shares of the airline’s stock worth $27,278,000 after buying an additional 21,159 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. lifted its stake in shares of Southwest Airlines by 13.8% during the 3rd quarter. Bristol Gate Capital Partners Inc. now owns 577,017 shares of the airline’s stock worth $32,301,000 after buying an additional 69,760 shares during the last quarter. Hedge funds and other institutional investors own 79.58% of the company’s stock.

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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