Southwest Airlines (NYSE:LUV) Price Target Raised to $50.00 at Wells Fargo & Company

Southwest Airlines (NYSE:LUVGet Free Report) had its target price lifted by Wells Fargo & Company from $44.00 to $50.00 in a report issued on Tuesday,MarketScreener reports. Wells Fargo & Company‘s price target indicates a potential downside of 2.46% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Southwest Airlines from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. HSBC upgraded shares of Southwest Airlines from a “reduce” rating to a “hold” rating and lifted their price objective for the stock from $24.40 to $36.10 in a research note on Friday, April 24th. BMO Capital Markets dropped their price objective on Southwest Airlines from $57.50 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Zacks Research upgraded Southwest Airlines from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Jefferies Financial Group increased their price target on Southwest Airlines from $37.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, June 16th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.66.

Check Out Our Latest Stock Report on Southwest Airlines

Southwest Airlines Trading Down 0.7%

Shares of NYSE LUV opened at $51.26 on Tuesday. Southwest Airlines has a 1-year low of $28.98 and a 1-year high of $55.11. The company has a 50-day moving average of $42.59 and a two-hundred day moving average of $43.32. The company has a market cap of $25.05 billion, a PE ratio of 33.13, a P/E/G ratio of 0.54 and a beta of 1.15. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66.

Southwest Airlines (NYSE:LUVGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The airline reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Southwest Airlines had a net margin of 2.83% and a return on equity of 10.66%. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $8.46 billion. During the same quarter last year, the business posted ($0.13) earnings per share. Southwest Airlines’s revenue for the quarter was up 12.8% compared to the same quarter last year. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. As a group, equities analysts expect that Southwest Airlines will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Southwest Airlines

Several large investors have recently added to or reduced their stakes in the stock. SHP Wealth Management bought a new stake in Southwest Airlines during the fourth quarter worth about $25,000. GHP Investment Advisors Inc. bought a new position in shares of Southwest Airlines during the 4th quarter valued at about $26,000. Entrust Financial LLC purchased a new position in shares of Southwest Airlines in the 4th quarter worth $26,000. Los Angeles Capital Management LLC purchased a new position in Southwest Airlines during the fourth quarter worth $26,000. Finally, Optima Capital LLC purchased a new position in Southwest Airlines during the 4th quarter valued at $27,000. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Company Profile

(Get Free Report)

Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest’s operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.

Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.

Further Reading

Analyst Recommendations for Southwest Airlines (NYSE:LUV)

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