Southwest Airlines (NYSE:LUV) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

LUV has been the subject of several other reports. Wolfe Research lowered Southwest Airlines from an “outperform” rating to a “peer perform” rating in a report on Friday, August 24th. Argus upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a report on Friday, September 7th. Tigress Financial initiated coverage on Southwest Airlines in a report on Friday, May 25th. They set a “buy” rating for the company. Citigroup reduced their price target on Southwest Airlines from $67.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, May 29th. Finally, Buckingham Research lifted their price target on Southwest Airlines from $69.00 to $73.00 and gave the company a “buy” rating in a report on Friday, September 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Southwest Airlines presently has a consensus rating of “Buy” and an average price target of $68.95.

Shares of NYSE LUV opened at $63.05 on Monday. Southwest Airlines has a one year low of $49.93 and a one year high of $66.99. The stock has a market cap of $35.77 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.70 and a quick ratio of 0.64.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 26th. The airline reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.03. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.75 billion. Southwest Airlines had a return on equity of 22.16% and a net margin of 16.90%. The firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $1.24 EPS. equities analysts expect that Southwest Airlines will post 4.19 EPS for the current year.

In related news, Director John T. Montford sold 430 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $58.27, for a total value of $25,056.10. Following the completion of the sale, the director now directly owns 23,853 shares in the company, valued at approximately $1,389,914.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew M. Watterson sold 6,130 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $59.28, for a total value of $363,386.40. Following the completion of the sale, the executive vice president now owns 16,597 shares of the company’s stock, valued at $983,870.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,470 shares of company stock valued at $674,941. Corporate insiders own 0.23% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new stake in Southwest Airlines in the 2nd quarter worth approximately $101,000. Private Capital Group LLC lifted its holdings in Southwest Airlines by 819.2% in the 1st quarter. Private Capital Group LLC now owns 1,866 shares of the airline’s stock worth $107,000 after purchasing an additional 1,663 shares during the last quarter. Clarus Wealth Advisors bought a new position in Southwest Airlines in the 2nd quarter worth approximately $107,000. Point72 Hong Kong Ltd bought a new position in Southwest Airlines in the 2nd quarter worth approximately $108,000. Finally, CWM LLC bought a new position in Southwest Airlines in the 2nd quarter worth approximately $109,000. Hedge funds and other institutional investors own 77.97% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 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.

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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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