Research analysts at Tigress Financial initiated coverage on shares of Southwest Airlines (NYSE:LUV) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating on the airline’s stock.

A number of other brokerages have also recently issued reports on LUV. Citigroup dropped their target price on Southwest Airlines from $74.00 to $67.00 and set a “buy” rating for the company in a report on Monday, April 30th. Buckingham Research raised Southwest Airlines from a “neutral” rating to a “buy” rating and set a $106.00 target price for the company in a report on Thursday, March 22nd. They noted that the move was a valuation call. Imperial Capital dropped their target price on Southwest Airlines from $75.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, April 27th. UBS dropped their target price on Southwest Airlines from $75.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. Finally, ValuEngine cut Southwest Airlines from a “hold” rating to a “sell” rating in a report on Monday, May 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $68.55.

Shares of Southwest Airlines opened at $52.86 on Friday, according to MarketBeat Ratings. Southwest Airlines has a 1 year low of $49.76 and a 1 year high of $66.99. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $29.69 billion, a PE ratio of 15.10, a P/E/G ratio of 0.85 and a beta of 1.16.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Southwest Airlines had a return on equity of 23.25% and a net margin of 16.95%. The business had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $5 billion. During the same period in the prior year, the firm posted $0.61 EPS. Southwest Airlines’s quarterly revenue was up 1.9% compared to the same quarter last year. equities research analysts expect that Southwest Airlines will post 4.54 earnings per share for the current year.

In other Southwest Airlines news, Director Douglas H. Brooks sold 10,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $60.05, for a total value of $600,500.00. Following the transaction, the director now directly owns 56,269 shares in the company, valued at approximately $3,378,953.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO De Ven Michael G. Van sold 31,099 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $57.35, for a total value of $1,783,527.65. Following the completion of the transaction, the chief operating officer now owns 172,883 shares in the company, valued at $9,914,840.05. The disclosure for this sale can be found here. Insiders sold a total of 49,422 shares of company stock worth $2,874,086 over the last quarter. Corporate insiders own 0.23% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Checchi Capital Advisers LLC lifted its stake in shares of Southwest Airlines by 15.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock valued at $431,000 after purchasing an additional 878 shares during the period. Buckingham Asset Management LLC lifted its stake in shares of Southwest Airlines by 14.5% in the 4th quarter. Buckingham Asset Management LLC now owns 7,004 shares of the airline’s stock valued at $458,000 after purchasing an additional 886 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Southwest Airlines by 13.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,890 shares of the airline’s stock valued at $516,000 after purchasing an additional 905 shares during the period. Cornerstone Advisors Inc. lifted its stake in shares of Southwest Airlines by 25.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 5,073 shares of the airline’s stock valued at $291,000 after purchasing an additional 1,040 shares during the period. Finally, First Allied Advisory Services Inc. lifted its stake in shares of Southwest Airlines by 4.2% in the 4th quarter. First Allied Advisory Services Inc. now owns 26,246 shares of the airline’s stock valued at $1,718,000 after purchasing an additional 1,047 shares during the period. 80.23% of the stock is currently owned by institutional investors.

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, Turks, and Chaos.

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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