Southwest Airlines (NYSE:LUV) Stock Picked Up by Analysts at Tigress Financial

Analysts at Tigress Financial assumed coverage on shares of Southwest Airlines (NYSE:LUV) in a research report issued on Friday, Benzinga reports. The firm set a “buy” rating and a $62.00 price target on the airline’s stock. Tigress Financial‘s target price would indicate a potential upside of 46.19% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Barclays cut their target price on shares of Southwest Airlines from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. UBS Group boosted their price objective on shares of Southwest Airlines from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Wall Street Zen lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. Susquehanna lowered their target price on Southwest Airlines from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. Finally, Morgan Stanley increased their target price on Southwest Airlines from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.20.

Southwest Airlines Price Performance

Shares of LUV stock opened at $42.41 on Friday. Southwest Airlines has a twelve month low of $29.26 and a twelve month high of $55.11. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $40.75 and a two-hundred day simple moving average of $43.49. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 0.62 and a beta of 1.23.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Wednesday, October 21st. The airline reported $0.66 EPS for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.25 billion. Southwest Airlines had a return on equity of 18.05% and a net margin of 3.34%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. On average, analysts predict that Southwest Airlines will post 2.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LUV. Archer Investment Corp purchased a new stake in Southwest Airlines during the second quarter valued at approximately $32,000. Fiduciary Financial Advisors purchased a new position in Southwest Airlines in the second quarter worth $32,000. Scarborough Advisors LLC purchased a new position in Southwest Airlines in the first quarter worth $28,000. Grove Bank & Trust increased its position in shares of Southwest Airlines by 109.4% during the second quarter. Grove Bank & Trust now owns 871 shares of the airline’s stock worth $45,000 after purchasing an additional 455 shares in the last quarter. Finally, MidFirst Bank acquired a new position in shares of Southwest Airlines during the second quarter worth $48,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

About Southwest Airlines

Southwest Airlines Co is a major U.S. passenger airline headquartered in Dallas, Texas. The company provides scheduled air transportation for leisure and business travelers, with service connecting cities throughout the United States and selected destinations in Mexico, the Caribbean, and Central America.

Southwest is known for its predominantly domestic network and point-to-point operating model. In addition to passenger flights, the company offers ancillary services and air cargo transportation.