17.93 % to Target, Buckingham Keeps ‘”Buy”’ Rating on Southwest Airlines (NYSE:LUV) Shares Today

September 8, 2018 - By Catherine Diaz

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.

Cypress Asset Mngmt Tx holds 9,000 shares or 0.15% of its portfolio. Los Angeles Cap Management Equity Rech holds 0.33% or 1.02M shares in its portfolio. Crossvault Capital Mgmt Lc stated it has 2.12% in Southwest Airlines Co. (NYSE:LUV). Bryn Mawr Trust holds 0.01% in Southwest Airlines Co. (NYSE:LUV) or 3,596 shares. Ledyard Commercial Bank owns 0.01% invested in Southwest Airlines Co. (NYSE:LUV) for 1,220 shares. Franklin holds 0% or 48,744 shares in its portfolio. Two Sigma Ltd owns 0.01% invested in Southwest Airlines Co. (NYSE:LUV) for 24,063 shares. 506,837 are held by Great West Life Assurance Can. Carroll Fin Associates has invested 0% in Southwest Airlines Co. (NYSE:LUV). Huntington State Bank holds 5,369 shares or 0.01% of its portfolio. Stifel Corporation stated it has 435,957 shares. Perigon Wealth Mngmt Ltd Liability Com has invested 0.01% in Southwest Airlines Co. (NYSE:LUV). Transamerica Fincl Advsr has 2,221 shares for 0.02% of their portfolio. Ubs Asset Management Americas invested 0% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Renaissance Gp Limited has invested 1.19% in Southwest Airlines Co. (NYSE:LUV).

Since March 13, 2018, it had 0 insider buys, and 2 selling transactions for $963,896 activity. The insider BROOKS DOUGLAS H sold $600,491.

Southwest Airlines (NYSE:LUV) Rating Reaffirmed

Southwest Airlines (NYSE:LUV) just had their share rating of a ‘”Buy”‘ issued by research analysts at Buckingham, who now has a $73 target price per share on the $35.47 billion market cap company or a 17.93 % upside potential. This key information was released in analysts report on Friday, 7 September.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Among 13 analysts covering Southwest Airlines (NYSE:LUV), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Southwest Airlines has $75.0 highest and $6200 lowest target. $66.09’s average target is 6.77% above currents $61.9 stock price. Southwest Airlines had 22 analyst reports since March 22, 2018 according to SRatingsIntel. The rating was downgraded by Argus Research on Friday, June 15 to “Hold”. Buckingham Research upgraded the shares of LUV in report on Thursday, March 22 to “Buy” rating. UBS maintained Southwest Airlines Co. (NYSE:LUV) on Thursday, March 22 with “Buy” rating. Imperial Capital downgraded the shares of LUV in report on Friday, June 1 to “In-Line” rating. The stock has “Overweight” rating by Morgan Stanley on Monday, March 26. On Monday, May 14 the stock rating was maintained by Buckingham Research with “Buy”. The firm has “Buy” rating by Citigroup given on Monday, April 30. Stephens maintained Southwest Airlines Co. (NYSE:LUV) on Thursday, March 29 with “Buy” rating. Citigroup maintained Southwest Airlines Co. (NYSE:LUV) rating on Tuesday, May 29. Citigroup has “Buy” rating and $64 target. The rating was maintained by Deutsche Bank with “Buy” on Monday, June 11.

The stock increased 1.43% or $0.87 during the last trading session, reaching $61.9. About 3.84M shares traded. Southwest Airlines Co. (NYSE:LUV) has declined 13.23% since September 8, 2017 and is downtrending. It has underperformed by 25.80% the S&P500.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on October, 25. They expect $1.06 earnings per share, up 20.45 % or $0.18 from last year’s $0.88 per share. LUV’s profit will be $607.40M for 14.60 P/E if the $1.06 EPS becomes a reality. After $1.26 actual earnings per share reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts -15.87 % negative EPS growth.

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 $35.47 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 10.12 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 important recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “United Airlines falls to fourth (and last) in August on-time derby” on September 07, 2018, also Fool.com published article titled: “Does Warren Buffett Love Southwest Airlines?”, Bizjournals.com published: “American Airlines is focusing on its most profitable hubs. What does that mean for Phoenix?” on September 07, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) was released by: Bizjournals.com and their article: “Southwest to bring back seasonal RDU-Cancun flight” with publication date: August 30, 2018.

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

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