UBS AG upgraded shares of Southwest Airlines (NYSE: LUV) from a neutral rating to a buy rating in a report issued on Friday.
UBS AG has also modified their ratings on a number of other services stocks in the few days. The firm raised its price target on shares of Jetblue Airways Corp from $7.00 to $8.00. They have a buy rating on that stock. Also, UBS AG raised its price target on shares of Allegiant Travel from $90.00 to $101.00. They have a buy rating on that stock.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Imperial Capital raised their price target on shares of Southwest Airlines from $10.50 to $11.50 in a research note to investors on Friday, January 25th. They now have an in-line rating on the stock. Finally, analysts at Bank of America reiterated an underperform rating on shares of Southwest Airlines in a research note to investors on Friday, January 25th. They now have a $10.00 price target on the stock, up previously from $8.50.
Seven research analysts have rated the stock with a buy rating, two have given an overweight rating, eight have given a hold rating, one has given an underweight rating, and one has given a sell rating to the stock. The stock currently has an average rating of overweight and an average price target of $13.31.
Shares of Southwest Airlines traded up 0.45% during mid-day trading on Friday, hitting $12.385. Southwest Airlines has a one year low of $7.76 and a one year high of $12.33. The stock’s 50-day moving average is currently $11.59. The company has a market cap of $9.017 billion and a P/E ratio of 22.02.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 28th. Shareholders 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
