Southwest Airlines Co. (NYSE:LUV) Receives Consensus Rating of “Hold” from Analysts

Shares of Southwest Airlines Co. (NYSE:LUVGet Free Report) have received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.24.

Several research analysts have recently weighed in on the company. Citigroup upped their price objective on Southwest Airlines from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, December 18th. Barclays upped their price objective on Southwest Airlines from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Argus raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Tuesday, March 12th. TD Cowen upped their price objective on Southwest Airlines from $20.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Finally, StockNews.com raised Southwest Airlines from a “sell” rating to a “hold” rating in a research report on Sunday, January 28th.

Get Our Latest Stock Analysis on LUV

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUV. Roundview Capital LLC grew its position in Southwest Airlines by 21.2% in the first quarter. Roundview Capital LLC now owns 13,336 shares of the airline’s stock worth $611,000 after acquiring an additional 2,335 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Southwest Airlines during the first quarter valued at about $403,000. APG Asset Management N.V. boosted its position in Southwest Airlines by 16.6% during the first quarter. APG Asset Management N.V. now owns 6,335 shares of the airline’s stock valued at $261,000 after buying an additional 900 shares during the period. Raymond James Trust N.A. boosted its position in Southwest Airlines by 5.3% during the first quarter. Raymond James Trust N.A. now owns 12,187 shares of the airline’s stock valued at $559,000 after buying an additional 615 shares during the period. Finally, Cibc World Market Inc. boosted its position in Southwest Airlines by 3.2% during the first quarter. Cibc World Market Inc. now owns 40,189 shares of the airline’s stock valued at $1,841,000 after buying an additional 1,246 shares during the period. 80.82% of the stock is currently owned by hedge funds and other institutional investors.

Southwest Airlines Trading Down 0.3 %

Shares of LUV opened at $29.19 on Monday. The stock has a fifty day moving average price of $31.50 and a two-hundred day moving average price of $28.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.14. Southwest Airlines has a 52-week low of $21.91 and a 52-week high of $39.53. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 0.96 and a beta of 1.16.

Southwest Airlines (NYSE:LUVGet Free Report) last released its earnings results on Thursday, January 25th. The airline reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.25. Southwest Airlines had a return on equity of 9.40% and a net margin of 1.91%. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.75 billion. During the same quarter in the previous year, the company posted ($0.38) earnings per share. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts predict that Southwest Airlines will post 1.65 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. Southwest Airlines’s dividend payout ratio (DPR) is currently 96.00%.

About Southwest Airlines

(Get Free Report

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.

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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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