A number of research firms have changed their ratings and price targets for Southwest Airlines (NYSE: LUV):

  • 11/1/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $80.00 price target on the stock.
  • 10/30/2017 – Southwest Airlines was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Southwest Airlines have struggled of late due to multiple headwinds. Consequently, the stock underperformed its industry in the last six months. The recent hurricanes and the earthquake in Mexico disrupted operations at this low-cost carrier, forcing it to cancel 5,000 flights in the third quarter of 2017. As a result of the natural calamities, the carrier's top line was hurt to the tune of $100 million in the quarter. Consequently, the company reported lower-than-expected revenues in the third quarter. High fuel costs are also a bane. In fact, the carrier's bottom line declined 5.4% on a year-over-year basis in the third quarter of 2017 due to high costs. We are, however, appreciative of the company's efforts to enhance its shareholders‘ wealth through dividends and share buybacks.”
  • 10/27/2017 – Southwest Airlines had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $64.00 price target on the stock, up previously from $62.00.
  • 10/27/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $71.00 price target on the stock.
  • 10/4/2017 – Southwest Airlines was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $59.16 price target on the stock.
  • 9/25/2017 – Southwest Airlines is now covered by analysts at Macquarie. They set an “outperform” rating and a $62.00 price target on the stock.
  • 9/22/2017 – Southwest Airlines was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $59.16 price target on the stock.
  • 9/20/2017 – Southwest Airlines was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $65.00 price target on the stock.
  • 9/20/2017 – Southwest Airlines was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Southwest Airlines gave a bearish outlook for the third quarter of 2017 at the Cowen and Company Global Transportation Conference mainly due to Harvey. The carrier had to cancel multiple flights due to the storm. Consequently, the company trimmed its current- quarter unit revenue view.  Harvey is expected to hurt its third-quarter results. High fuel costs are also a bane. The pessimism surrounding the stock can be gauged from the fact that the current-quarter Zacks Consensus Estimate for earnings has declined 7.5% over the last 30 days. We are, however, appreciative of the company's efforts to enhance its shareholders‘ wealth through dividends and share buybacks.”
  • 9/15/2017 – Southwest Airlines was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $66.00 price target on the stock, up previously from $60.00.
  • 9/14/2017 – Southwest Airlines had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $61.00 price target on the stock.
  • 9/12/2017 – Southwest Airlines had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 9/7/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $64.00 price target on the stock, down previously from $65.00.

Southwest Airlines Company (NYSE:LUV) opened at 53.86 on Wednesday. The stock’s 50 day moving average is $56.58 and its 200 day moving average is $57.43. The company has a market cap of $32.24 billion, a P/E ratio of 16.52 and a beta of 1.32. Southwest Airlines Company has a 12-month low of $39.43 and a 12-month high of $64.39.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period last year, the firm earned $0.93 earnings per share. Southwest Airlines’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Southwest Airlines Company will post $3.57 earnings per share for the current year.

In other Southwest Airlines news, Director William H. Dr Cunningham purchased 4,500 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $54.00 per share, with a total value of $243,000.00. Following the completion of the transaction, the director now owns 66,969 shares in the company, valued at $3,616,326. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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