Southwest Airlines (NYSE:LUV – Get Free Report) had its price target cut by equities research analysts at Barclays from $65.00 to $58.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the airline’s stock. Barclays‘s price target suggests a potential upside of 48.16% from the company’s current price.
LUV has been the subject of several other reports. Evercore raised their target price on Southwest Airlines from $44.00 to $52.00 in a research report on Thursday, June 25th. Bank of America boosted their price target on shares of Southwest Airlines from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Wednesday, July 1st. BMO Capital Markets increased their price objective on shares of Southwest Airlines from $58.50 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley raised their price objective on shares of Southwest Airlines from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Finally, Wall Street Zen lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.05.
Get Our Latest Stock Analysis on Southwest Airlines
Southwest Airlines Trading Up 1.2%
Southwest Airlines (NYSE:LUV – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The airline reported $0.94 EPS for the quarter, beating the consensus estimate of $0.52 by $0.42. Southwest Airlines had a return on equity of 14.15% and a net margin of 2.78%.The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Southwest Airlines has set its FY 2026 guidance at 3.250-4.250 EPS and its Q3 2026 guidance at 0.500-0.750 EPS. As a group, research analysts predict that Southwest Airlines will post 3.28 earnings per share for the current year.
Institutional Investors Weigh In On Southwest Airlines
Large investors have recently made changes to their positions in the company. SHP Wealth Management acquired a new position in Southwest Airlines in the fourth quarter valued at about $25,000. Entrust Financial LLC acquired a new stake in shares of Southwest Airlines during the fourth quarter worth approximately $26,000. Los Angeles Capital Management LLC bought a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $26,000. Archer Investment Corp bought a new position in shares of Southwest Airlines in the second quarter valued at approximately $32,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Southwest Airlines in the second quarter valued at approximately $32,000. Institutional investors own 80.82% of the company’s stock.
Southwest Airlines Company Profile
Southwest Airlines Co is a major U.S. passenger airline headquartered in Dallas, Texas. Operating under the Southwest Airlines brand, the company provides scheduled air transportation for domestic and international travelers and also offers air cargo services.
Southwest was founded in 1967 and began commercial service in 1971, initially connecting Dallas, Houston and San Antonio. The airline expanded its network across the United States and now serves numerous destinations in the United States, Mexico, the Caribbean, Central America and other nearby international markets.
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