Recent Investment Analysts’ Ratings Changes for Southwest Airlines (LUV)

Southwest Airlines (NYSE: LUV) has recently received a number of price target changes and ratings updates:

• 4/30/2024 – Southwest Airlines had its price target lowered by analysts at Susquehanna from $27.00 to $25.00. They now have a “neutral” rating on the stock.
• 4/29/2024 – Southwest Airlines was downgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to an “underperform” rating. They now have a $20.00 price target on the stock, down previously from $28.00.
• 4/26/2024 – Southwest Airlines had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $30.00 price target on the stock, down previously from $33.00.
• 4/26/2024 – Southwest Airlines had its price target lowered by analysts at TD Cowen from $26.00 to $25.00. They now have a “hold” rating on the stock.
• 4/26/2024 – Southwest Airlines had its price target lowered by analysts at Barclays PLC from $30.00 to $26.00. They now have an “equal weight” rating on the stock.
• 4/12/2024 – Southwest Airlines was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/9/2024 – Southwest Airlines had its price target lowered by analysts at Susquehanna from $30.00 to $27.00. They now have a “neutral” rating on the stock.
• 4/5/2024 – Southwest Airlines had its price target lowered by analysts at Morgan Stanley from $40.00 to $38.00. They now have an “overweight” rating on the stock.
• 4/5/2024 – Southwest Airlines had its price target lowered by analysts at Barclays PLC from $32.00 to $30.00. They now have an “equal weight” rating on the stock.
• 3/20/2024 – Southwest Airlines is now covered by analysts at UBS Group AG. They set a “buy” rating and a $36.00 price target on the stock.
• 3/13/2024 – Southwest Airlines was upgraded by analysts at Jefferies Financial Group Inc. from an “underperform” rating to a “hold” rating. They now have a $28.00 price target on the stock, up previously from $20.00.
• 3/12/2024 – Southwest Airlines was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock.

Southwest Airlines Stock Performance

NYSE LUV opened at $25.66 on Thursday. The firm’s fifty day moving average price is $29.87 and its two-hundred day moving average price is $28.56. The stock has a market cap of $15.36 billion, a PE ratio of 40.73, a PEG ratio of 1.28 and a beta of 1.15. Southwest Airlines Co. has a fifty-two week low of $21.91 and a fifty-two week high of $39.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) EPS. On average, equities analysts expect that Southwest Airlines Co. will post 1.18 EPS for the current fiscal year.

Institutional Trading of Southwest Airlines

A number of hedge funds and other institutional investors have recently modified their holdings of LUV. Hexagon Capital Partners LLC grew its stake in shares of Southwest Airlines by 374.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock worth $25,000 after buying an additional 677 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Southwest Airlines by 82.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after purchasing an additional 414 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Southwest Airlines in the fourth quarter worth $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Southwest Airlines in the fourth quarter worth $29,000. Finally, Motco grew its stake in shares of Southwest Airlines by 151.0% in the third quarter. Motco now owns 1,187 shares of the airline’s stock worth $32,000 after purchasing an additional 714 shares during the last quarter. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.