Southwest Airlines (NYSE:LUV) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Southwest Airlines (NYSE:LUV) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from $40.00 to $48.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the airline’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 16.65% from the stock’s current price.

Several other research analysts have also issued reports on LUV. JPMorgan Chase & Co. increased their price target on Southwest Airlines from $35.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. TD Cowen lifted their price target on Southwest Airlines from $31.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday. BMO Capital Markets started coverage on Southwest Airlines in a report on Tuesday. They issued a “market perform” rating and a $43.00 price objective for the company. Morgan Stanley lifted their target price on Southwest Airlines from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group upped their target price on shares of Southwest Airlines from $33.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Southwest Airlines has an average rating of “Hold” and a consensus target price of $37.29.

Southwest Airlines Stock Up 1.0%

Shares of LUV stock traded up $0.41 during trading on Friday, reaching $41.15. The company’s stock had a trading volume of 19,854,952 shares, compared to its average volume of 8,476,305. Southwest Airlines has a one year low of $23.82 and a one year high of $42.20. The company has a market cap of $21.28 billion, a price-to-earnings ratio of 63.31, a price-to-earnings-growth ratio of 0.79 and a beta of 1.17. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $33.54 and a 200-day moving average price of $32.95.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Tuesday, February 6th. The airline reported ($0.38) earnings per share for the quarter. Southwest Airlines had a return on equity of 6.39% and a net margin of 1.38%.The firm had revenue of $6.17 billion for the quarter. Analysts anticipate that Southwest Airlines will post 1.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RWA Wealth Partners LLC bought a new stake in Southwest Airlines during the second quarter worth about $1,652,000. Fort Washington Investment Advisors Inc. OH boosted its position in Southwest Airlines by 1.5% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,258,993 shares of the airline’s stock worth $40,842,000 after purchasing an additional 18,270 shares during the last quarter. Howard Capital Management Inc. increased its stake in Southwest Airlines by 8.3% in the 2nd quarter. Howard Capital Management Inc. now owns 127,218 shares of the airline’s stock worth $4,150,000 after buying an additional 9,739 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Southwest Airlines in the second quarter worth about $530,000. Finally, Gradient Investments LLC boosted its stake in shares of Southwest Airlines by 4.5% during the 2nd quarter. Gradient Investments LLC now owns 548,423 shares of the airline’s stock worth $17,791,000 after purchasing an additional 23,381 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

About Southwest Airlines

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.