Southwest Airlines (NYSE:LUV) Reaches New 12-Month Low at $34.35

Southwest Airlines Co. (NYSE:LUVGet Rating)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $34.35 and last traded at $34.55, with a volume of 911 shares. The stock had previously closed at $34.73.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LUV. Barclays reduced their price target on Southwest Airlines from $58.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, June 23rd. Susquehanna raised Southwest Airlines from a “neutral” rating to a “positive” rating and set a $45.00 price target on the stock in a research report on Tuesday, July 12th. Cowen decreased their price objective on Southwest Airlines from $67.00 to $55.00 in a research report on Friday, July 29th. Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Finally, Cowen cut their price target on shares of Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.06.

Southwest Airlines Stock Performance

The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.70 and a beta of 0.99. The stock’s 50 day moving average price is $38.45 and its 200 day moving average price is $41.01. The company has a current ratio of 1.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.80.

Southwest Airlines (NYSE:LUVGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The airline reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.39. The company had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. Southwest Airlines’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.35) EPS. Analysts expect that Southwest Airlines Co. will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Southwest Airlines

Several hedge funds have recently bought and sold shares of LUV. Ensign Peak Advisors Inc lifted its position in Southwest Airlines by 20.3% during the fourth quarter. Ensign Peak Advisors Inc now owns 141,486 shares of the airline’s stock worth $6,062,000 after acquiring an additional 23,838 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Southwest Airlines by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,777,077 shares of the airline’s stock worth $118,970,000 after acquiring an additional 14,796 shares during the last quarter. Geode Capital Management LLC lifted its position in Southwest Airlines by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 10,680,408 shares of the airline’s stock worth $456,702,000 after acquiring an additional 78,886 shares during the last quarter. Gotham Asset Management LLC lifted its position in Southwest Airlines by 72.7% during the fourth quarter. Gotham Asset Management LLC now owns 27,352 shares of the airline’s stock worth $1,172,000 after acquiring an additional 11,513 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its position in Southwest Airlines by 2.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 16,519 shares of the airline’s stock worth $708,000 after acquiring an additional 441 shares during the last quarter. 76.40% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Articles

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.