Southwest Airlines Co (LUV) Lifted to "Buy" at Vetr Inc
Jun 06 2017 by Johnny Bowman
Equities analysts anticipate that Southwest Airlines will post $3.82 EPS for the current year. The Florida-based Raymond James Financial Services Advisors Incorporated has invested 0.06% in Southwest Airlines Co (NYSE:LUV).
Analysts expect Southwest Airlines Co (NYSE:LUV) to report $5.74 billion in sales for the current fiscal quarter, according to Zacks Investment Research. The stock of Southwest Airlines Co (NYSE:LUV) earned "Outperform" rating by Cowen & Co on Friday, April 28. Southwest Airlines posted sales of $5.38 billion during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, July 27th. Moreover, Emerald Advisers Pa has 0.14% invested in Southwest Airlines Co (NYSE:LUV). Net profit margin of the company was recorded at 10.2 percent, operating profit margin was 17 percent, whereas gross profit margin stands at 68.7 percent. Beach Inv Counsel Pa holds 1.37% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 241,081 shares. During the same quarter previous year, the business posted $0.88 EPS.
TRADEMARK VIOLATION WARNING: "Southwest Airlines Co (LUV) Lifted to "Buy" at Vetr Inc." was originally published by Stock Observer and is the property of of Stock Observer. Stifel Nicolaus restated a "buy" rating and set a $80.00 target price on shares of Southwest Airlines in a report on Friday, May 26th. On Friday, April 28 the stock rating was maintained by Cowen & Co with "Outperform".
According to Zacks, "Shares of Southwest Airlines have performed well of late, outperforming the Zacks categorized Transportation-Airline industry in the last one month". Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Southwest Airlines has an average rating of Buy and an average target price of $59.08.
Southwest Airlines (LUV) traded up 1.13% on Friday, hitting $60.98. TrimTabs Asset Management LLC now owns 2,821 shares of the airline's stock worth $152,000 after buying an additional 1,328 shares in the last quarter. The company has market cap of $20.62 million. The stock's 50 day moving average price is $57.90 and its 200 day moving average price is $53.83.
Southwest Airlines has kicked off its twice a year fare sale, and there are some cheap tickets from Tampa if you're not looking to go far. Point72 Asset Management Limited Partnership owns 0.08% invested in Benefitfocus Inc (NASDAQ:BNFT) for 396,400 shares. 1St Source Bancshares invested 0.03% in Southwest Airlines Co (NYSE:LUV). The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.82%. Romo Tammy also sold $500,032 worth of Southwest Airlines Co (NYSE:LUV) on Monday, January 30.
In other news, Chairman Gary C. Kelly sold 51,000 shares of the company's stock in a transaction on Wednesday, May 17th. The mean target of $64.50 should be compared with the price when the stock was languishing around $35.42 a share. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The hedge fund run by Robert Polak held 4.34M shares of the air freight and delivery services company at the end of 2016Q4, valued at $216.15 million, down from 4.79M at the end of the previous reported quarter. The disclosure for this sale can be found here. Insiders have sold 118,740 shares of company stock valued at $6,923,568 in the last ninety days. It worsened, as 71 investors sold LUV shares while 296 reduced holdings. Finally, Ibex Wealth Advisors boosted its stake in shares of Southwest Airlines by 3.3% in the first quarter. Van ECK Associates Corp now owns 2,348 shares of the airline's stock worth $117,000 after buying an additional 136 shares in the last quarter. State of Wisconsin Investment Board increased its stake in Southwest Airlines by 2.5% in the third quarter. Picton Mahoney Asset Management now owns 198,150 shares of the airline's stock valued at $7,704,000 after buying an additional 46,150 shares in the last quarter. The Palladium Partners Llc holds 164,127 shares with $8.18 million value, down from 196,922 last quarter. Public Employees Retirement System of OH boosted its stake in shares of Southwest Airlines by 7.5% in the first quarter. The stock rose 0.99% or $0.6 reaching $60.83. 5,249 shares were sold by Wells Gregory D, worth $302,626 on Friday, May 19.
Southwest leaders last week announced initial fares and a flight schedule for service from FLL to Providenciales, Turks and Caicos, beginning November 5, 2017, subject to requisite governmental approvals. The Company offers ancillary service offerings, such as Southwest's EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies.