Analysts at Cowen Kept their Past ‘”Outperform”’ rating on Shares Southwest Air (NYSE:LUV), Set a $66 Target Price per Share

July 27, 2018 - By Jason Dias

Southwest Airlines Co. (NYSE:LUV) Logo

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.08, from 0.96 in 2017Q4. It dived, as 79 investors sold Southwest Airlines Co. shares while 249 reduced holdings. 65 funds opened positions while 222 raised stakes. 440.55 million shares or 2.72% less from 452.86 million shares in 2017Q4 were reported.

Hancock Hldgs has invested 0.6% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Cibc Mkts Inc has invested 0% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Columbia Partners L L C Invest Mgmt, a Maryland-based fund reported 49,488 shares. 400 were accumulated by Reilly Fincl Advisors Ltd Liability. Tiaa Cref Mngmt Limited Co reported 3.30M shares. Jpmorgan Chase holds 8.73M shares or 0.11% of its portfolio. Quantres Asset Management Ltd accumulated 26,300 shares or 0.92% of the stock. Price T Rowe Assoc Md invested in 0.07% or 8.03M shares. The North Carolina-based Piedmont Investment Advsr Ltd Limited Liability Company has invested 0.13% in Southwest Airlines Co. (NYSE:LUV). Zweig invested in 0.9% or 177,500 shares. Nwq Invest Mgmt Company Ltd Limited Liability Company has 1.02% invested in Southwest Airlines Co. (NYSE:LUV) for 1.10M shares. Nordea Investment Mngmt holds 0.03% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 204,488 shares. Pictet Asset Management Ltd holds 0.02% or 141,938 shares. E&G Advsr L P holds 3,500 shares or 0.09% of its portfolio. State Of Tennessee Treasury Department invested in 440,239 shares.

Since February 12, 2018, it had 1 insider buy, and 6 selling transactions for $5.57 million activity. KELLY GARY C had sold 27,271 shares worth $1.58M on Wednesday, February 21. The insider Romo Tammy sold 20,272 shares worth $1.17 million. Shares for $600,491 were sold by BROOKS DOUGLAS H on Tuesday, March 13. 3,500 Southwest Airlines Co. (NYSE:LUV) shares with value of $196,875 were bought by CUNNINGHAM WILLIAM H DR. On Tuesday, February 27 Wells Gregory D sold $490,066 worth of Southwest Airlines Co. (NYSE:LUV) or 8,323 shares.

Southwest Air (NYSE:LUV) Rating Reaffirmed

Stock research analysts at Cowen now has a $66 price target on Southwest Air (NYSE:LUV). Cowen and their recent price target gives a potential upside of 16.40 % from the company’s last stock price. The rating has been disclosed in a note on 27 July.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Among 15 analysts covering Southwest Airlines (NYSE:LUV), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Southwest Airlines has $75.0 highest and $6200 lowest target. $65.33’s average target is 15.22% above currents $56.7 stock price. Southwest Airlines had 21 analyst reports since January 30, 2018 according to SRatingsIntel. The stock of Southwest Airlines Co. (NYSE:LUV) has “Hold” rating given on Tuesday, January 30 by J.P. Morgan. The firm has “Buy” rating by Buckingham Research given on Thursday, March 22. Deutsche Bank maintained it with “Buy” rating and $66 target in Monday, June 11 report. The firm has “Buy” rating given on Thursday, March 22 by UBS. Citigroup maintained Southwest Airlines Co. (NYSE:LUV) rating on Monday, April 30. Citigroup has “Buy” rating and $67 target. As per Friday, June 15, the company rating was downgraded by Argus Research. On Friday, April 27 the stock rating was maintained by Cowen & Co with “Buy”. The rating was upgraded by Edward Jones on Tuesday, June 12 to “Buy”. On Monday, May 14 the stock rating was maintained by Buckingham Research with “Buy”. The firm has “Overweight” rating given on Thursday, April 12 by Morgan Stanley.

The stock increased 8.43% or $4.41 during the last trading session, reaching $56.7. About 12.00M shares traded or 101.50% up from the average. Southwest Airlines Co. (NYSE:LUV) has declined 13.23% since July 27, 2017 and is downtrending. It has underperformed by 25.80% the S&P500.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $32.88 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 9.35 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Seekingalpha.com which released: “Southwest Airlines revenue arrives light” on July 26, 2018, also Seekingalpha.com with their article: “Oakmark Global Fund: Second Quarter 2018” published on July 11, 2018, Bizjournals.com published: “Southwest Airlines wades into politics, joins group in support of ‘dreamers'” on July 23, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Seekingalpha.com and their article: “Southwest Airlines reports June and Q2 traffic” published on July 10, 2018 as well as Bizjournals.com‘s news article titled: “Southwest introduces new credit card, offers 65000-point bonus opportunity” with publication date: July 19, 2018.

Southwest Airlines Co. (NYSE:LUV) Institutional Positions Chart

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