Southwest Airlines (NYSE:LUV) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Monday, Marketbeat Ratings reports. They presently have a $60.00 price target on the airline’s stock, down from their previous price target of $75.00. Stifel Nicolaus’ target price indicates a potential upside of 13.38% from the company’s current price.
A number of other equities research analysts have also recently issued reports on LUV. Bank of America upgraded Southwest Airlines to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, September 23rd. Macquarie upgraded Southwest Airlines from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a report on Friday, September 13th. Tigress Financial restated a “buy” rating on shares of Southwest Airlines in a report on Thursday, September 26th. Berenberg Bank assumed coverage on Southwest Airlines in a report on Friday, September 6th. They set a “hold” rating and a $57.00 price objective for the company. Finally, Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $58.07.
Shares of NYSE:LUV opened at $52.92 on Monday. Southwest Airlines has a 12-month low of $44.28 and a 12-month high of $58.77. The stock has a market cap of $28.75 billion, a PE ratio of 12.48, a P/E/G ratio of 1.40 and a beta of 1.48. The business has a 50 day moving average of $53.80 and a 200-day moving average of $52.20. The company has a quick ratio of 0.59, a current ratio of 0.64 and a debt-to-equity ratio of 0.37.
Hedge funds have recently modified their holdings of the stock. Advisor Partners LLC boosted its stake in shares of Southwest Airlines by 7.4% in the second quarter. Advisor Partners LLC now owns 15,303 shares of the airline’s stock valued at $777,000 after buying an additional 1,056 shares during the period. Grimes & Company Inc. boosted its stake in shares of Southwest Airlines by 9.2% in the second quarter. Grimes & Company Inc. now owns 142,611 shares of the airline’s stock valued at $7,242,000 after buying an additional 12,068 shares during the period. Little House Capital LLC bought a new stake in shares of Southwest Airlines in the second quarter valued at approximately $5,703,000. Curbstone Financial Management Corp boosted its stake in shares of Southwest Airlines by 4.4% in the second quarter. Curbstone Financial Management Corp now owns 16,350 shares of the airline’s stock valued at $830,000 after buying an additional 690 shares during the period. Finally, AMG National Trust Bank bought a new stake in shares of Southwest Airlines in the second quarter valued at approximately $1,701,000. Institutional investors and hedge funds own 82.08% of the company’s stock.
About Southwest Airlines
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
Further Reading: What is the Current Ratio?
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.