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.
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
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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