Southwest Airlines Company (NYSE:LUV) had its price target raised by equities researchers at J P Morgan Chase & Co from $66.00 to $67.00 in a report released on Wednesday. The brokerage currently has an “overweight” rating on the airline’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 24.10% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $80.00 target price on shares of Southwest Airlines in a research report on Wednesday. Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank AG reissued a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a research report on Friday, October 27th. Cowen and Company reissued an “outperform” rating and set a $64.00 target price (up previously from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. Finally, Vetr downgraded Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 price objective on the stock. in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $67.19.

Southwest Airlines (LUV) traded up $0.13 during midday trading on Wednesday, hitting $53.99. The stock had a trading volume of 3,080,692 shares, compared to its average volume of 5,221,007. The stock has a market capitalization of $32.04 billion, a P/E ratio of 15.56 and a beta of 1.31.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. equities research analysts expect that Southwest Airlines will post 3.56 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Southwest Airlines Company (LUV) PT Raised to $67.00 at J P Morgan Chase & Co” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/southwest-airlines-company-luv-pt-raised-to-67-00-at-j-p-morgan-chase-co/1676495.html.

In related news, Director William H. Dr Cunningham acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $54.00 per share, for a total transaction of $243,000.00. Following the purchase, the director now directly owns 66,969 shares of the company’s stock, valued at approximately $3,616,326. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LUV. Marshall Wace North America L.P. purchased a new stake in shares of Southwest Airlines during the 1st quarter worth $266,000. First Heartland Consultants Inc. lifted its stake in shares of Southwest Airlines by 0.3% during the 1st quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline’s stock worth $876,000 after purchasing an additional 43 shares during the last quarter. RDL Financial Inc. purchased a new stake in shares of Southwest Airlines during the 1st quarter worth $1,659,000. BlackRock Inc. lifted its stake in shares of Southwest Airlines by 4,163.3% during the 1st quarter. BlackRock Inc. now owns 34,983,319 shares of the airline’s stock worth $1,880,703,000 after purchasing an additional 34,162,752 shares during the last quarter. Finally, Epoch Investment Partners Inc. purchased a new stake in shares of Southwest Airlines during the 1st quarter worth $6,033,000. Hedge funds and other institutional investors own 79.55% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

Receive News & Ratings for Southwest Airlines Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines Company and related companies with Analyst Ratings Network's FREE daily email newsletter.