Southwest Airlines (NYSE:LUV) Now Covered by Tigress Financial

Tigress Financial assumed coverage on shares of Southwest Airlines (NYSE:LUV) in a report issued on Friday,Benzinga reports. The brokerage issued a buy rating and a $62.00 price target on the airline’s stock.

Several other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Southwest Airlines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Rothschild & Co Redburn upgraded shares of Southwest Airlines from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Friday, September 18th. UBS Group lifted their price objective on shares of Southwest Airlines from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Raymond James Financial dropped their target price on shares of Southwest Airlines from $60.00 to $54.00 and set an “outperform” rating on the stock in a research note on Monday, August 24th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Southwest Airlines from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Southwest Airlines currently has an average rating of “Hold” and a consensus price target of $48.20.

Southwest Airlines Stock Performance

Shares of Southwest Airlines stock opened at $42.41 on Friday. The business’s fifty day simple moving average is $40.75 and its 200 day simple moving average is $43.49. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51. Southwest Airlines has a 12 month low of $29.26 and a 12 month high of $55.11. The firm has a market capitalization of $20.76 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Wednesday, October 21st. The airline reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.09. Southwest Airlines had a return on equity of 18.05% and a net margin of 3.34%. The firm had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts anticipate that Southwest Airlines will post 2.75 EPS for the current year.

Institutional Trading of Southwest Airlines

Large investors have recently modified their holdings of the business. Scarborough Advisors LLC bought a new stake in shares of Southwest Airlines during the 1st quarter worth $28,000. Fiduciary Financial Advisors purchased a new position in Southwest Airlines in the second quarter worth $32,000. Archer Investment Corp bought a new position in Southwest Airlines in the second quarter valued at $32,000. Grove Bank & Trust increased its stake in Southwest Airlines by 109.4% in the second quarter. Grove Bank & Trust now owns 871 shares of the airline’s stock valued at $45,000 after acquiring an additional 455 shares during the last quarter. Finally, MidFirst Bank bought a new position in Southwest Airlines in the second quarter valued at $48,000. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co is a major U.S. passenger airline headquartered in Dallas, Texas. The company provides scheduled air transportation for leisure and business travelers, with service connecting cities throughout the United States and selected destinations in Mexico, the Caribbean, and Central America.

Southwest is known for its predominantly domestic network and point-to-point operating model. In addition to passenger flights, the company offers ancillary services and air cargo transportation.