Southwest Airlines (NYSE:LUV)‘s stock had its “buy” rating reaffirmed by analysts at Cowen in a note issued to investors on Tuesday. They currently have a $67.00 price target on the airline’s stock. Cowen’s price target indicates a potential upside of 4.69% from the company’s current price.

LUV has been the subject of several other reports. JPMorgan Chase & Co. upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $60.00 to $66.00 in a research note on Friday, September 15th. Bank of America downgraded shares of Southwest Airlines from a “buy” rating to a “neutral” rating in a research note on Tuesday. Raymond James Financial upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Wednesday, September 20th. Vetr upgraded shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price objective for the company in a research note on Tuesday, December 26th. Finally, Atlantic Securities upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $48.71 to $71.00 in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.75.

Shares of Southwest Airlines (NYSE:LUV) opened at $64.00 on Tuesday. Southwest Airlines has a one year low of $48.71 and a one year high of $66.99. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The company has a market cap of $37,980.00, a price-to-earnings ratio of 18.34, a PEG ratio of 1.66 and a beta of 1.35.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts predict that Southwest Airlines will post 3.57 EPS for the current fiscal year.

In other Southwest Airlines news, Director John T. Montford sold 1,695 shares of Southwest Airlines stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total value of $107,242.65. Following the completion of the transaction, the director now owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,593 shares of company stock valued at $2,279,660. 0.21% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stonebridge Capital Advisors LLC increased its holdings in Southwest Airlines by 0.6% in the second quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock valued at $395,000 after buying an additional 35 shares in the last quarter. Bank of Hawaii increased its holdings in Southwest Airlines by 0.3% in the second quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock valued at $802,000 after buying an additional 39 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in Southwest Airlines by 2.5% in the second quarter. Peapack Gladstone Financial Corp now owns 4,277 shares of the airline’s stock valued at $266,000 after buying an additional 104 shares in the last quarter. Advisory Services Network LLC increased its holdings in Southwest Airlines by 1.0% in the second quarter. Advisory Services Network LLC now owns 13,716 shares of the airline’s stock valued at $852,000 after buying an additional 132 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its holdings in Southwest Airlines by 2.6% in the second quarter. Virtu KCG Holdings LLC now owns 6,032 shares of the airline’s stock valued at $375,000 after buying an additional 150 shares in the last quarter. 78.55% of the stock is owned by institutional investors.

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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)

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