Southwest Airlines (NYSE:LUV) Price Target Lowered to $25.00 at Susquehanna

Southwest Airlines (NYSE:LUV) had its price objective cut by Susquehanna from $27.00 to $25.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the airline’s stock. Susquehanna’s price target suggests a potential downside of 6.86% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upgraded Southwest Airlines from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $42.00 in a research note on Tuesday, February 20th. TD Cowen lowered their target price on Southwest Airlines from $26.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley lowered their target price on Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. StockNews.com cut Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Finally, Raymond James restated an “outperform” rating and issued a $30.00 price objective (down from $33.00) on shares of Southwest Airlines in a research note on Friday. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Southwest Airlines currently has an average rating of “Hold” and an average target price of $30.59.

Southwest Airlines Stock Performance

NYSE LUV opened at $26.84 on Tuesday. The company has a fifty day simple moving average of $30.20 and a 200 day simple moving average of $28.57. Southwest Airlines has a 12-month low of $21.91 and a 12-month high of $39.53. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The company has a market cap of $16.06 billion, a P/E ratio of 42.60, a PEG ratio of 0.99 and a beta of 1.15.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the business posted ($0.27) earnings per share. Southwest Airlines’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Southwest Airlines will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB lifted its holdings in Southwest Airlines by 2.6% during the third quarter. Handelsbanken Fonder AB now owns 91,040 shares of the airline’s stock worth $2,464,000 after buying an additional 2,281 shares during the period. Xponance Inc. lifted its holdings in Southwest Airlines by 3.4% during the third quarter. Xponance Inc. now owns 77,883 shares of the airline’s stock worth $2,108,000 after buying an additional 2,558 shares during the period. Mount Vernon Associates Inc. MD lifted its holdings in Southwest Airlines by 1.4% during the third quarter. Mount Vernon Associates Inc. MD now owns 36,850 shares of the airline’s stock worth $998,000 after buying an additional 500 shares during the period. Total Clarity Wealth Management Inc. purchased a new stake in Southwest Airlines during the third quarter worth $480,000. Finally, IFM Investors Pty Ltd lifted its holdings in Southwest Airlines by 11.9% during the third quarter. IFM Investors Pty Ltd now owns 26,568 shares of the airline’s stock worth $719,000 after buying an additional 2,828 shares during the period. Institutional investors own 80.82% of the company’s stock.

About Southwest Airlines

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.