A number of firms have modified their ratings and price targets on shares of Southwest Airlines (NYSE: LUV) recently:

  • 8/1/2017 – Southwest Airlines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Southwest Airlines reported better than expected earnings and revenues in the second quarter of 2017. Moreover, both earnings and revenues improved on a year over year basis. Passenger revenues accounted for the bulk of the top line. The company hiked its quarterly dividend payout by 25% in May 2017. Its board also cleared a new buyback plan worth $2 billion. In the second quarter of 2017, the company returned $476 million to shareholders through a combination of dividends and share repurchases. Shares of Southwest Airlines have performed well, outperforming its industry in the last one year. However, the company's third-quarter view on unit revenues is concerning. Moreover, high costs may hurt bottom-line growth going forward. Unit costs (excluding fuel, special items and profit sharing expenses) in the third quarter are expected to increase in the 2-3% range.”
  • 7/30/2017 – Southwest Airlines was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Southwest Airlines had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $67.00 price target on the stock.
  • 7/27/2017 – Southwest Airlines was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $64.53 price target on the stock.
  • 7/24/2017 – Southwest Airlines was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/18/2017 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $64.21 price target on the stock.
  • 7/13/2017 – Southwest Airlines had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $70.00 price target on the stock.
  • 7/12/2017 – Southwest Airlines was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/10/2017 – Southwest Airlines was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating. They now have a $63.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/10/2017 – Southwest Airlines had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $66.00 price target on the stock, up previously from $65.00.
  • 7/5/2017 – Southwest Airlines was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/4/2017 – Southwest Airlines was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock. According to Zacks, “Shares of Southwest Airlines have performed well, outperforming the Zacks categorized Transportation-Airline industry in the last six months. Ushering in further good news, the company hiked its quarterly dividend payout by 25%. Its board also cleared a new buyback plan worth $2 billion. Furthermore, we are impressed by Southwest Airlines' employee-friendly approach. The company has paid $586 million to its employees as part of its profit-sharing plan for 2016. The company's second-quarter view on unit revenues also raises optimism. However, high costs are likely to continue hurting bottom-line growth.”
  • 6/30/2017 – Southwest Airlines had its price target raised by analysts at Bank of America Corporation from $62.00 to $75.00. They now have a “buy” rating on the stock.
  • 6/27/2017 – Southwest Airlines was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Southwest Airlines have performed well, outperforming the Zacks categorized Transportation-Airline industry in the last six months. Ushering in further good news, the company hiked its quarterly dividend payout by 25%. Its board also cleared a new buyback plan worth $2 billion. Furthermore, we are impressed by Southwest Airlines' employee-friendly approach. The company has paid $586 million to its employees as part of its profit-sharing plan for 2016. The company's second-quarter view on unit revenues also raises optimism. However, high costs are likely to continue hurting bottom-line growth.”
  • 6/27/2017 – Southwest Airlines was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $64.21 price target on the stock.
  • 6/22/2017 – Southwest Airlines was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $68.00 price target on the stock, up previously from $61.76.
  • 6/22/2017 – Southwest Airlines was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $63.80 price target on the stock.
  • 6/20/2017 – Southwest Airlines is now covered by analysts at Atlantic Securities. They set a “neutral” rating and a $71.00 price target on the stock.
  • 6/20/2017 – Southwest Airlines was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/13/2017 – Southwest Airlines was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Shares of Southwest Airlines have performed well, outperforming the Zacks categorized Transportation-Airline industry in the last six months. Ushering in further good news, the company hiked its quarterly dividend payout by 25%. Its board also cleared a new buyback plan worth $2 billion. Furthermore, we are impressed by Southwest Airlines' employee-friendly approach. The company has paid $586 million to its employees as part of its profit-sharing plan for 2016. The company's second-quarter view on unit revenues also raises optimism. However, high costs are likely to continue hurting bottom-line growth.”

Shares of Southwest Airlines Company (LUV) opened at 54.01 on Friday. The company has a market capitalization of $32.33 billion, a price-to-earnings ratio of 16.56 and a beta of 1.26. The company has a 50-day moving average price of $59.77 and a 200 day moving average price of $57.15. Southwest Airlines Company has a one year low of $36.05 and a one year high of $64.39.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. On average, analysts forecast that Southwest Airlines Company will post $3.80 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 24th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, August 22nd. Southwest Airlines’s payout ratio is presently 15.34%.

In related news, EVP Jeff Lamb sold 19,800 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $61.00, for a total value of $1,207,800.00. Following the completion of the sale, the executive vice president now owns 92,468 shares in the company, valued at $5,640,548. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark R. Shaw sold 3,823 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $59.13, for a total transaction of $226,053.99. Following the completion of the sale, the senior vice president now owns 7,784 shares of the company’s stock, valued at approximately $460,267.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 118,740 shares of company stock valued at $6,923,568. 0.21% of the stock is owned by corporate insiders.

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.

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