Southwest Airlines (NYSE:LUV) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Southwest Airlines (NYSE:LUV)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday, Benzinga reports. They presently have a $29.00 price target on the airline’s stock, down from their previous price target of $32.00. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 3.20% from the stock’s current price.

Several other analysts also recently weighed in on LUV. Susquehanna decreased their target price on Southwest Airlines from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Barclays raised their price objective on shares of Southwest Airlines from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Jefferies Financial Group lowered shares of Southwest Airlines from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $28.00 to $20.00 in a research report on Monday, April 29th. Citigroup increased their price target on shares of Southwest Airlines from $27.50 to $29.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, Argus restated a “hold” rating on shares of Southwest Airlines in a report on Tuesday, May 28th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Southwest Airlines presently has an average rating of “Hold” and an average price target of $28.88.

Southwest Airlines Trading Up 5.6 %

NYSE:LUV opened at $28.10 on Friday. The company’s 50 day moving average is $27.82 and its 200-day moving average is $29.21. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. Southwest Airlines has a 12 month low of $21.91 and a 12 month high of $36.37. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 2.91 and a beta of 1.15.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, July 25th. The airline reported $0.58 EPS for the quarter, topping the consensus estimate of $0.51 by $0.07. Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The firm had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.32 billion. During the same quarter last year, the firm posted $1.09 EPS. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Southwest Airlines will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Capital World Investors grew its holdings in shares of Southwest Airlines by 21.4% in the 4th quarter. Capital World Investors now owns 53,475,988 shares of the airline’s stock worth $1,544,387,000 after purchasing an additional 9,444,279 shares during the last quarter. Vanguard Group Inc. grew its holdings in Southwest Airlines by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 67,569,773 shares of the airline’s stock worth $1,972,362,000 after acquiring an additional 2,148,435 shares during the last quarter. U S Global Investors Inc. increased its position in Southwest Airlines by 24.9% in the 4th quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock valued at $179,355,000 after acquiring an additional 1,238,468 shares in the last quarter. Norges Bank bought a new position in shares of Southwest Airlines in the fourth quarter worth about $29,789,000. Finally, Nuance Investments LLC acquired a new position in shares of Southwest Airlines during the fourth quarter worth approximately $24,404,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Company Profile

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.