Southwest Airlines Co. (NYSE:LUV) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $41.49 target price on the airline’s stock. Vetr‘s price objective points to a potential downside of 12.56% from the company’s current price.
A number of other analysts also recently commented on LUV. Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Cowen and Company decreased their target price on Southwest Airlines from $49.00 to $47.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Buckingham Research cut Southwest Airlines from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Argus cut Southwest Airlines from a “buy” rating to a “hold” rating and lifted their target price for the stock from $32.94 to $37.83 in a report on Monday, July 25th. Finally, Credit Suisse Group AG restated an “outperform” rating and issued a $48.00 target price on shares of Southwest Airlines in a report on Monday, July 25th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Southwest Airlines has a consensus rating of “Buy” and an average price target of $50.70.
Southwest Airlines (NYSE:LUV) traded up 0.17% during trading on Monday, reaching $47.45. The company had a trading volume of 2,499,128 shares. The stock has a 50 day moving average price of $42.43 and a 200 day moving average price of $40.02. Southwest Airlines has a 12 month low of $33.96 and a 12 month high of $51.34. The firm has a market capitalization of $29.21 billion, a price-to-earnings ratio of 13.49 and a beta of 0.86.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Wednesday, October 26th. The airline reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.17 billion. Southwest Airlines had a return on equity of 32.51% and a net margin of 11.09%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities research analysts predict that Southwest Airlines will post $3.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Thursday, December 8th will be given a $0.10 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. Southwest Airlines’s dividend payout ratio is currently 11.40%.
Institutional investors have recently bought and sold shares of the company. Origin Asset Management LLP raised its position in shares of Southwest Airlines by 39.2% in the first quarter. Origin Asset Management LLP now owns 167,029 shares of the airline’s stock valued at $7,483,000 after buying an additional 47,029 shares in the last quarter. Sterneck Capital Management LLC purchased a new position in shares of Southwest Airlines during the first quarter valued at about $419,000. First Republic Investment Management Inc. raised its position in shares of Southwest Airlines by 97.8% in the first quarter. First Republic Investment Management Inc. now owns 1,151,824 shares of the airline’s stock valued at $51,602,000 after buying an additional 569,576 shares in the last quarter. Cypress Capital Group raised its position in shares of Southwest Airlines by 251.3% in the first quarter. Cypress Capital Group now owns 39,056 shares of the airline’s stock valued at $1,750,000 after buying an additional 27,938 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in shares of Southwest Airlines during the first quarter valued at about $343,000. 78.51% of the stock is owned by institutional investors and hedge funds.
About Southwest Airlines
Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.