TD Cowen Boosts Southwest Airlines (NYSE:LUV) Price Target to $25.00

Southwest Airlines (NYSE:LUV) had its target price hoisted by analysts at TD Cowen from $19.00 to $25.00 in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the airline’s stock. TD Cowen’s price target indicates a potential downside of 16.33% from the company’s current price.

Several other research analysts have also commented on LUV. Melius restated a “sell” rating and issued a $26.00 price target on shares of Southwest Airlines in a report on Monday, June 10th. Citigroup decreased their price target on shares of Southwest Airlines from $29.00 to $28.25 and set a “neutral” rating for the company in a research report on Monday, July 29th. BNP Paribas upgraded Southwest Airlines to a “strong sell” rating in a research note on Thursday, September 19th. Evercore ISI upgraded Southwest Airlines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $30.00 to $35.00 in a report on Tuesday, September 3rd. Finally, Barclays upped their price target on Southwest Airlines from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.75.

Southwest Airlines Stock Up 0.8 %

LUV opened at $29.88 on Monday. Southwest Airlines has a 12 month low of $21.91 and a 12 month high of $35.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.90 and a quick ratio of 0.85. The business has a 50-day moving average of $27.75 and a two-hundred day moving average of $27.88. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 26.83 and a beta of 1.16.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.32 billion. Southwest Airlines had a return on equity of 5.92% and a net margin of 0.41%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, research analysts expect that Southwest Airlines will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On Southwest Airlines

Institutional investors and hedge funds have recently bought and sold shares of the business. ICA Group Wealth Management LLC bought a new position in shares of Southwest Airlines during the fourth quarter valued at approximately $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in Southwest Airlines in the second quarter worth $29,000. CVA Family Office LLC boosted its holdings in shares of Southwest Airlines by 179.5% during the second quarter. CVA Family Office LLC now owns 1,034 shares of the airline’s stock valued at $30,000 after acquiring an additional 664 shares during the period. Pineridge Advisors LLC bought a new position in shares of Southwest Airlines during the fourth quarter worth about $32,000. Finally, Innealta Capital LLC acquired a new stake in shares of Southwest Airlines in the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

About Southwest Airlines

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.