Southwest Airlines (NYSE:LUV) Rating Reiterated by Morgan Stanley

Southwest Airlines (NYSE:LUVGet Rating)‘s stock had its “maintains” rating restated by equities research analysts at Morgan Stanley in a report released on Tuesday, MarketBeat.com reports.

Several other analysts have also issued reports on LUV. Citigroup decreased their price target on shares of Southwest Airlines from $46.00 to $42.00 and set a “maintains” rating on the stock in a research report on Monday. Susquehanna Bancshares raised shares of Southwest Airlines from a “neutral” rating to a “positive” rating and set a $45.00 target price for the company in a research note on Tuesday, July 12th. JPMorgan Chase & Co. boosted their price objective on shares of Southwest Airlines from $62.00 to $72.00 in a report on Friday, April 29th. Cowen cut their target price on Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $60.00 target price on shares of Southwest Airlines in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.56.

Southwest Airlines Stock Performance

NYSE:LUV opened at $39.00 on Tuesday. Southwest Airlines has a 1 year low of $34.36 and a 1 year high of $56.33. The firm’s fifty day simple moving average is $39.34 and its 200 day simple moving average is $42.58. The company has a current ratio of 1.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $23.13 billion, a PE ratio of 24.84, a PEG ratio of 2.42 and a beta of 1.00.

Southwest Airlines (NYSE:LUVGet Rating) last posted its earnings results on Thursday, July 28th. The airline reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.39. Southwest Airlines had a net margin of 4.71% and a return on equity of 5.54%. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the business posted ($0.35) EPS. Southwest Airlines’s revenue was up 67.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Southwest Airlines will post 2.64 EPS for the current year.

Insiders Place Their Bets

In related news, Director John T. Montford sold 2,300 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $45.70, for a total transaction of $105,110.00. Following the transaction, the director now directly owns 23,296 shares of the company’s stock, valued at $1,064,627.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Southwest Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wade G W & Inc. grew its stake in Southwest Airlines by 4.8% in the 1st quarter. Wade G W & Inc. now owns 5,038 shares of the airline’s stock valued at $231,000 after purchasing an additional 230 shares during the period. Atticus Wealth Management LLC increased its holdings in Southwest Airlines by 78.9% during the first quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock worth $26,000 after buying an additional 250 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Southwest Airlines by 9.5% in the second quarter. FinTrust Capital Advisors LLC now owns 2,902 shares of the airline’s stock worth $117,000 after acquiring an additional 251 shares during the period. MCIA Inc boosted its stake in Southwest Airlines by 5.7% in the first quarter. MCIA Inc now owns 4,693 shares of the airline’s stock valued at $200,000 after acquiring an additional 253 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co increased its stake in shares of Southwest Airlines by 2.5% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 11,265 shares of the airline’s stock worth $516,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 76.74% of the company’s stock.

About Southwest Airlines

(Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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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