The price of Southwest Airlines Co (NYSE:LUV) shares last traded on Wall Street rose 0.37% to $29.88.
LUV stock price is now -8.35% away from the 50-day moving average and 0.90% away from the 200-day moving average. The market capitalization of the company currently stands at $17.71B.
With the price target maintained at $35, Argus recently Upgraded its rating from Hold to Buy for Southwest Airlines Co (NYSE: LUV). On January 17, 2025, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $31, while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Rutherford Linda B., Chief Administration Officer sold 3,849 shares of the company’s stock on Dec 06 ’24. The stock was sold for $132,386 at an average price of $34.40. Upon completion of the transaction, the Chief Administration Officer now directly owns 89,376 shares in the company, valued at $2.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Officer Rutherford Linda B. bought 3,849 shares of the business’s stock. A total of $132,386 was incurred on buying the stock at an average price of $34.40. A total of 1.34% of the company’s stock is owned by insiders.
During the past 12 months, Southwest Airlines Co has had a low of $23.58 and a high of $36.12. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 0.92, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $18694682624, which is based on a 42.07 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for LUV is $32.6532 and a two-hundred day moving average price translates $29.60065 for the stock.
The latest earnings results from Southwest Airlines Co (NYSE: LUV) was released for 2024-09-30. The net profit margin was 1.71% and return on equity was 4.50% for LUV. The company reported revenue of $6.87 billion for the quarter, compared to $6.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.29 percent.
