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

Southwest Airlines (NYSE:LUV) had its price target decreased by TD Cowen from $26.00 to $25.00 in a research report report published on Friday, MarketBeat reports. TD Cowen currently has a hold rating on the airline’s stock.

Several other research firms have also recently weighed in on LUV. Susquehanna cut their price objective on Southwest Airlines from $30.00 to $27.00 and set a neutral rating on the stock in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Southwest Airlines from $24.00 to $29.00 and gave the company a neutral rating in a research report on Friday, January 26th. Deutsche Bank Aktiengesellschaft raised Southwest Airlines from a hold rating to a buy rating and lifted their price objective for the company from $28.00 to $42.00 in a research report on Tuesday, February 20th. Morgan Stanley lowered their target price on shares of Southwest Airlines from $40.00 to $38.00 and set an overweight rating for the company in a report on Friday, April 5th. Finally, Raymond James lifted their target price on shares of Southwest Airlines from $34.00 to $36.00 and gave the company an outperform rating in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $31.18.

Southwest Airlines Stock Down 0.8 %

NYSE LUV opened at $27.04 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.09 and a quick ratio of 1.07. The stock has a market capitalization of $16.17 billion, a PE ratio of 42.91, a PEG ratio of 0.96 and a beta of 1.15. Southwest Airlines has a 1 year low of $21.91 and a 1 year high of $39.53. The business’s 50-day moving average is $30.34 and its 200 day moving average is $28.53.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) earnings per share. Sell-side analysts forecast that Southwest Airlines will post 1.49 earnings per share for the current year.

Southwest Airlines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.66%. Southwest Airlines’s payout ratio is presently 114.29%.

Institutional Investors Weigh In On Southwest Airlines

Institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC increased its stake in Southwest Airlines by 374.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock worth $25,000 after buying an additional 677 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Southwest Airlines by 82.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after buying an additional 414 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Southwest Airlines in the 4th quarter worth $29,000. ICA Group Wealth Management LLC purchased a new stake in Southwest Airlines in the 4th quarter worth $29,000. Finally, Motco increased its stake in Southwest Airlines by 151.0% in the 3rd quarter. Motco now owns 1,187 shares of the airline’s stock worth $32,000 after buying an additional 714 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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.