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Financial institution of America Trims Southwest Airways (NYSE:LUV) Goal Worth to $45.00

ByEditorialTeam

Oct 6, 2022

Southwest Airways (NYSE:LUVGet Score) had its goal worth decreased by equities analysis analysts at Financial institution of America from $50.00 to $45.00 in a analysis observe issued on Thursday, The Fly studies. Financial institution of America‘s worth goal factors to a possible upside of 36.40% from the inventory’s earlier shut.

A number of different brokerages have additionally commented on LUV. Cowen decreased their worth goal on shares of Southwest Airways from $67.00 to $55.00 in a analysis report on Friday, July twenty ninth. Barclays lower their worth goal on shares of Southwest Airways from $58.00 to $50.00 and set an “obese” score on the inventory in a report on Thursday, June twenty third. Susquehanna upgraded shares of Southwest Airways from a “impartial” score to a “constructive” score and set a $45.00 worth goal on the inventory in a report on Tuesday, July twelfth. Cowen lower their worth goal on shares of Southwest Airways from $67.00 to $55.00 in a report on Friday, July twenty ninth. Lastly, Melius assumed protection on shares of Southwest Airways in a report on Monday, August fifteenth. They issued a “purchase” score on the inventory. One analyst has rated the inventory with a promote score, six have issued a maintain score, eight have assigned a purchase score and one has assigned a robust purchase score to the corporate. Primarily based on knowledge from MarketBeat, the corporate has a consensus score of “Average Purchase” and a median goal worth of $52.17.

Southwest Airways Inventory Down 0.6 %

NYSE:LUV opened at $32.99 on Thursday. Southwest Airways has a 1-year low of $30.20 and a 1-year excessive of $54.98. The corporate has a 50-day transferring common of $36.63 and a 200 day transferring common of $40.28. The agency has a market cap of $19.57 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of two.63 and a beta of 1.02. The corporate has a debt-to-equity ratio of 0.80, a present ratio of 1.66 and a fast ratio of 1.59.

Southwest Airways (NYSE:LUVGet Score) final launched its quarterly earnings outcomes on Thursday, July twenty eighth. The airline reported $1.30 EPS for the quarter, beating the consensus estimate of $1.17 by $0.13. The enterprise had income of $6.73 billion through the quarter, in comparison with analyst estimates of $6.69 billion. Southwest Airways had a internet margin of 4.71% and a return on fairness of 5.54%. The corporate’s quarterly income was up 67.9% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the agency posted ($0.35) earnings per share. As a gaggle, analysis analysts anticipate that Southwest Airways will submit 2.1 EPS for the present fiscal 12 months.

Institutional Inflows and Outflows

A number of institutional buyers have not too long ago modified their holdings of the inventory. Atticus Wealth Administration LLC elevated its place in shares of Southwest Airways by 78.9% through the 1st quarter. Atticus Wealth Administration LLC now owns 567 shares of the airline’s inventory price $26,000 after buying an extra 250 shares over the last quarter. EverSource Wealth Advisors LLC elevated its place in shares of Southwest Airways by 132.8% through the 2nd quarter. EverSource Wealth Advisors LLC now owns 717 shares of the airline’s inventory price $26,000 after buying an extra 409 shares over the last quarter. Cornerstone Advisory LLC acquired a brand new stake in shares of Southwest Airways through the 4th quarter price about $27,000. Tcwp LLC acquired a brand new place in Southwest Airways within the 1st quarter valued at about $27,000. Lastly, Triumph Capital Administration grew its place in Southwest Airways by 286.6% within the 2nd quarter. Triumph Capital Administration now owns 17,000 shares of the airline’s inventory valued at $30,000 after buying an extra 12,603 shares within the final quarter. Hedge funds and different institutional buyers personal 76.40% of the corporate’s inventory.

About Southwest Airways

(Get Score)

Southwest Airways Co operates as a passenger airline firm that present scheduled air transportation providers in the USA and near-international markets. As of December 31, 2021, the corporate operated a complete fleet of 728 Boeing 737 aircrafts; and served 121 locations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, in addition to 10 near-international international locations, together with Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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Analyst Recommendations for Southwest Airlines (NYSE:LUV)

This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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