ValuEngine lowered shares of Southwest Airlines (NYSE:LUV) from a hold rating to a sell rating in a research note published on Monday.
Other research analysts have also issued reports about the company. Imperial Capital reiterated an in-line rating and issued a $62.00 price objective (up from $56.00) on shares of Southwest Airlines in a research report on Tuesday, December 4th. Credit Suisse Group reiterated a hold rating and issued a $56.00 price objective (down from $60.00) on shares of Southwest Airlines in a research report on Thursday, February 21st. Macquarie lowered Southwest Airlines from an outperform rating to a neutral rating in a research report on Friday, February 22nd. Cowen restated a market perform rating and set a $58.00 price target (up from $54.00) on shares of Southwest Airlines in a research report on Friday, January 25th. Finally, Vertical Research started coverage on Southwest Airlines in a research report on Monday, February 4th. They set a buy rating for the company. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Southwest Airlines currently has a consensus rating of Hold and a consensus target price of $61.76.
Shares of Southwest Airlines stock opened at $51.16 on Monday. The company has a market capitalization of $27.97 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. Southwest Airlines has a fifty-two week low of $44.28 and a fifty-two week 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.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. Southwest Airlines’s dividend payout ratio is currently 15.09%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LUV. Cerity Partners LLC boosted its holdings in Southwest Airlines by 4.6% in the fourth quarter. Cerity Partners LLC now owns 5,179 shares of the airline’s stock valued at $241,000 after purchasing an additional 228 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Southwest Airlines by 4.3% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,590 shares of the airline’s stock valued at $259,000 after purchasing an additional 231 shares during the period. Fulton Bank N.A. boosted its holdings in Southwest Airlines by 0.8% in the fourth quarter. Fulton Bank N.A. now owns 29,372 shares of the airline’s stock valued at $1,366,000 after purchasing an additional 237 shares during the period. Cypress Capital Group boosted its holdings in Southwest Airlines by 2.4% in the fourth quarter. Cypress Capital Group now owns 11,471 shares of the airline’s stock valued at $533,000 after purchasing an additional 273 shares during the period. Finally, Cornerstone Advisors Inc. boosted its holdings in Southwest Airlines by 6.8% in the third quarter. Cornerstone Advisors Inc. now owns 4,572 shares of the airline’s stock valued at $286,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 79.84% of the company’s stock.
Southwest Airlines Company Profile
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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.