Southwest Airlines (LUV) Upgraded to Overweight at Atlantic Securities
Southwest Airlines (NYSE:LUV) was upgraded by analysts at Atlantic Securities from a “neutral” rating to an “overweight” rating in a report issued on Thursday.
Several other analysts have also weighed in on LUV. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Vetr lowered Southwest Airlines from a “sell” rating to a “strong sell” rating and set a $54.06 price objective on the stock. in a research note on Tuesday, December 5th. Wolfe Research raised Southwest Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. Barclays reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Southwest Airlines in a research note on Thursday, September 14th. Finally, Cowen reaffirmed an “outperform” rating and issued a $64.00 price objective (up from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. Southwest Airlines has a consensus rating of “Buy” and a consensus target price of $66.89.
Shares of Southwest Airlines (NYSE LUV) opened at $63.14 on Thursday. The firm has a market capitalization of $37,638.57, a PE ratio of 18.28, a P/E/G ratio of 2.10 and a beta of 1.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. Southwest Airlines has a 12 month low of $48.71 and a 12 month high of $64.39.
In other news, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its stake in shares of Southwest Airlines by 13.1% in the second quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock worth $549,016,000 after acquiring an additional 1,026,892 shares during the period. Boston Partners lifted its stake in shares of Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock worth $278,822,000 after acquiring an additional 2,511,258 shares during the period. APG Asset Management N.V. lifted its stake in shares of Southwest Airlines by 16.8% in the third quarter. APG Asset Management N.V. now owns 4,592,536 shares of the airline’s stock worth $257,090,000 after acquiring an additional 660,500 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Southwest Airlines by 35.6% in the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock worth $257,901,000 after acquiring an additional 1,090,189 shares during the period. Finally, Rockefeller Financial Services Inc. lifted its stake in shares of Southwest Airlines by 4.0% in the third quarter. Rockefeller Financial Services Inc. now owns 3,193,405 shares of the airline’s stock worth $178,766,000 after acquiring an additional 121,447 shares during the period. 78.87% of the stock is currently owned by institutional investors.
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Southwest Airlines Company Profile
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.
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