Several other analysts have also recently commented on the stock. Analysts at UBS AG raised their price target on shares of Southwest Airlines from $12.00 to $16.00 in a research note to investors on Friday, March 8th. Finally, analysts at Zacks downgraded shares of Southwest Airlines from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, February 22nd. They now have a $12.00 price target on the stock.
Seven equities research analysts have rated the stock with a buy rating, two have given an overweight rating, eight have issued a hold rating, one has issued an underweight rating, and one has assigned a sell rating to the company’s stock. Southwest Airlines currently has an average rating of “overweight” and an average price target of $13.31.
Shares of Southwest Airlines traded up 0.97% during mid-day trading on Wednesday, hitting $12.46. Southwest Airlines has a one year low of $7.76 and a one year high of $12.46. The stock’s 50-day moving average is currently $11.61. The company has a market cap of $9.072 billion and a P/E ratio of 22.04.
Southwest Airlines last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post $0.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Stockholders of record on Thursday, March 7th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, March 5th.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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