Southwest Airlines (NYSE:LUV) PT Lowered to $25.00 at Susquehanna

Southwest Airlines (NYSE:LUV) had its price target lowered by equities researchers at Susquehanna from $27.00 to $25.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the airline’s stock. Susquehanna’s target price indicates a potential downside of 2.57% from the company’s previous close.

Several other analysts have also recently commented on LUV. Evercore ISI reaffirmed an “inline” rating and issued a $35.00 target price on shares of Southwest Airlines in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $42.00 in a research note on Tuesday, February 20th. Barclays lowered their price objective on shares of Southwest Airlines from $30.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Morgan Stanley lowered their price objective on shares of Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. Finally, Sanford C. Bernstein raised shares of Southwest Airlines from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $26.00 to $32.00 in a research note on Tuesday, February 20th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Southwest Airlines currently has an average rating of “Hold” and a consensus price target of $30.59.

Southwest Airlines Stock Down 1.1 %

LUV stock opened at $25.66 on Tuesday. The stock has a market capitalization of $15.36 billion, a P/E ratio of 40.73, a PEG ratio of 1.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09. Southwest Airlines has a one year low of $21.91 and a one year high of $39.53. The company has a 50 day moving average price of $29.87 and a two-hundred day moving average price of $28.56.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) earnings per share. As a group, sell-side analysts expect that Southwest Airlines will post 1.18 EPS for the current year.

Hedge Funds Weigh In On Southwest Airlines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in Southwest Airlines by 0.8% in the 4th quarter. Arizona State Retirement System now owns 40,926 shares of the airline’s stock valued at $1,182,000 after buying an additional 339 shares during the last quarter. TRUE Private Wealth Advisors boosted its position in Southwest Airlines by 2.2% in the 4th quarter. TRUE Private Wealth Advisors now owns 17,383 shares of the airline’s stock valued at $502,000 after buying an additional 369 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Southwest Airlines by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 64,743 shares of the airline’s stock valued at $1,889,000 after buying an additional 370 shares during the last quarter. Brookstone Capital Management boosted its position in Southwest Airlines by 5.0% in the 1st quarter. Brookstone Capital Management now owns 8,055 shares of the airline’s stock valued at $235,000 after buying an additional 382 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Southwest Airlines by 82.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock valued at $26,000 after buying an additional 414 shares during the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.