Stocks of Southwest Airlines Co (NYSE:LUV) traded higher last session on Wall Street, down -0.31% to $29.07.
According to the data, Southwest Airlines Co (NYSE:LUV) has 22 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $47.00 and a low of $18.00, we find $27.00. Given the previous closing price of $29.16, this indicates a potential downside of -7.41 percent. LUV stock price is now 16.01% away from the 50-day moving average and -4.06% away from the 200-day moving average. The market capitalization of the company currently stands at $17.33B.
A total of 12 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $26.78 as their price target over the next twelve months.
In other news, Green Ryan C., EVP, Chief Commercial Officer sold 4,936 shares of the company’s stock on May 02. The stock was sold for $147,787 at an average price of $29.94. Upon completion of the transaction, the EVP, Chief Commercial Officer now directly owns 26,361 shares in the company, valued at $0.77 million. Insiders disposed of 70,265 shares of company stock worth roughly $2.04 million over the past 1 year. A total of 0.42% of the company’s stock is owned by insiders.
Friday’s opening bell rang with an opening price of $28.95 for Southwest Airlines Co (NYSE: LUV). During the past 12 months, Southwest Airlines Co has had a low of $21.91 and a high of $39.90. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.21, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $14.87B, which is based on a 39.69 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for LUV is $25.10 and a two-hundred day moving average price translates $30.28 for the stock.
The latest earnings results from Southwest Airlines Co (NYSE: LUV) was released for Sep, 2023. According to the Airlines Company, earnings per share came in at $0.38, inline with analysts’ expectations of $0.38. This compares to $0.43 EPS in the same period last year. The net profit margin was 1.95% and return on equity was 4.52% for LUV. The company reported revenue of $6.53 billion for the quarter, compared to $6.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.9 percent. For the current quarter, analysts expect LUV to generate $6.71B in revenue.
