Southwest Airlines (LUV) PT Set at $52.00 by Macquarie

Macquarie set a $52.00 price objective on Southwest Airlines (NYSE:LUV) in a report issued on Thursday, March 28th, Stock Target Advisor reports. The brokerage currently has a hold rating on the airline’s stock.

Other research analysts also recently issued research reports about the company. Imperial Capital reissued an in-line rating and set a $62.00 target price (up previously from $56.00) on shares of Southwest Airlines in a research note on Tuesday, December 4th. Credit Suisse Group reissued a hold rating and set a $56.00 target price (down previously from $60.00) on shares of Southwest Airlines in a research note on Thursday, February 21st. Goldman Sachs Group boosted their target price on Southwest Airlines to $49.00 and gave the stock a sell rating in a research note on Wednesday, March 20th. Cowen reduced their price target on Southwest Airlines from $58.00 to $55.00 and set a market perform rating on the stock in a report on Wednesday, March 27th. Finally, Vertical Research assumed coverage on Southwest Airlines in a report on Monday, February 4th. They set a buy rating on the stock. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. Southwest Airlines presently has an average rating of Hold and a consensus target price of $58.77.

LUV stock traded down $0.58 during midday trading on Thursday, reaching $52.18. The company had a trading volume of 3,342,142 shares, compared to its average volume of 4,306,028. The company has a market cap of $28.52 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.84 and a beta of 1.50. Southwest Airlines has a 1-year low of $44.28 and a 1-year high of $64.02. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 0.45.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 24th. The airline reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.11. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, analysts anticipate that Southwest Airlines will post 4.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines’s payout ratio is presently 15.09%.

A number of hedge funds have recently made changes to their positions in the stock. Paragon Capital Management LLC bought a new position in shares of Southwest Airlines during the 1st quarter worth approximately $26,000. Shine Investment Advisory Services Inc. boosted its holdings in shares of Southwest Airlines by 208.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 616 shares of the airline’s stock worth $32,000 after buying an additional 416 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Southwest Airlines during the 4th quarter worth approximately $33,000. Somerset Trust Co boosted its holdings in shares of Southwest Airlines by 185.5% during the 1st quarter. Somerset Trust Co now owns 688 shares of the airline’s stock worth $36,000 after buying an additional 447 shares in the last quarter. Finally, Cordasco Financial Network bought a new position in shares of Southwest Airlines during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 81.19% 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.

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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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