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.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. Southwest Airlines’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. equities analysts predict that Southwest Airlines will post 3.56 EPS for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “Southwest Airlines (LUV) Upgraded to Overweight at Atlantic Securities” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/14/southwest-airlines-luv-upgraded-to-overweight-at-atlantic-securities.html.

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.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

Receive News & Stock Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related stocks with our FREE daily email newsletter.