What Can We Expect after a Southwest Airlines (NYSE:LUV) Upgrade from Hold to Buy Rating?

September 8, 2018 - By Carolyn Hewitt

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 worsened, 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.

Exxonmobil Invest Management Inc Tx holds 0.14% in Southwest Airlines Co. (NYSE:LUV) or 82,809 shares. Harris Assocs L P reported 632,630 shares stake. United Kingdom-based Bp Public Limited Com has invested 0.04% in Southwest Airlines Co. (NYSE:LUV). Invesco owns 1.31M shares or 0.03% of their US portfolio. First Midwest Bank & Trust Tru Division reported 22,073 shares. M&T Fincl Bank reported 126,938 shares. Miracle Mile Advsr reported 34,100 shares stake. Integral Derivatives Ltd Company has 0.01% invested in Southwest Airlines Co. (NYSE:LUV) for 4,620 shares. Commonwealth Bancorp Of Aus accumulated 62,660 shares or 0.04% of the stock. Central Comml Bank And Tru Company has 0.14% invested in Southwest Airlines Co. (NYSE:LUV). 3,678 were accumulated by Hollencrest Capital Mngmt. Hartline Inv accumulated 19,047 shares. 362,946 are held by 1832 Asset Ltd Partnership. Roundview Lc holds 0.66% or 40,850 shares. Arizona State Retirement holds 0.09% or 161,135 shares.

Since March 13, 2018, it had 0 insider buys, and 2 insider sales for $963,896 activity. 10,000 shares valued at $600,491 were sold by BROOKS DOUGLAS H on Tuesday, March 13.

Southwest Airlines (NYSE:LUV) Stock Upgrade

In an analyst note revealed to investors on Friday, 7 September, Argus increased Southwest Airlines (NYSE:LUV) shares to respectable Buy rating from a Hold. They now have a $73 target price per share on shares. and their target price per share indicates a possible upside of 17.93 % over the close price.

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. Cowen & Co maintained Southwest Airlines Co. (NYSE:LUV) on Friday, April 27 with “Buy” rating. Buckingham Research upgraded the stock to “Buy” rating in Thursday, March 22 report. The company was maintained on Thursday, April 12 by Morgan Stanley. The firm has “Buy” rating given on Thursday, March 29 by Stephens. Barclays Capital maintained it with “Equal-Weight” rating and $65 target in Monday, July 16 report. The firm has “Hold” rating by Argus Research given on Friday, June 15. The firm has “Buy” rating by Edward Jones given on Tuesday, June 12. Citigroup maintained the shares of LUV in report on Monday, April 30 with “Buy” rating. The rating was maintained by Buckingham Research with “Buy” on Monday, May 14. The stock has “Buy” rating by Buckingham Research on Friday, July 27.

The stock increased 1.43% or $0.87 during the last trading session, reaching $61.9. About 3.84 million 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 recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “Southwest to bring back seasonal RDU-Cancun flight” on August 30, 2018. Also Bizjournals.com published the news titled: “United Airlines falls to fourth (and last) in August on-time derby” on September 07, 2018. Bizjournals.com‘s news article titled: “American Airlines is focusing on its most profitable hubs. What does that mean for Phoenix?” with publication date: September 07, 2018 was also an interesting one.

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

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