Southwest Airlines Co (LUV) stock expected to gain 55.93% in the coming months

Southwest Airlines Co [LUV] stock prices are up 0.78% to $34.83 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LUV shares have gain 1.63% over the last week, with a monthly amount glided 12.25%, and seem to be holding up well over a long-time horizon.

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On 5, March 2024, Southwest Airlines to Present at the J.P. Morgan Industrials Conference. In a post published today on Yahoo Finance, Southwest Airlines Co. (NYSE: LUV) has been invited to speak at the J.P. Morgan Industrials Conference. J.P. Morgan will be webcasting the audio presentation live, and a link to the webcast will be made available via the Investor Relations homepage on the Southwest Airlines website. Details of the audio webcast are as follows:.

From an analyst’s perspective:

Southwest Airlines Co [NYSE: LUV] stock has seen the most recent analyst activity on February 20, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $42 from $28. Previously, Bernstein upgraded its rating to Mkt Perform on February 20, 2024. On January 26, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $26 on the stock. Bernstein downgraded its rating to a Underperform but stick to its price target of $24 on January 08, 2024. Evercore ISI downgraded its rating to a In-line but $35 remained the price target by the analyst firm on January 02, 2024. Melius downgraded its rating to Underweight for this stock on November 13, 2023. In a note dated November 10, 2023, Exane BNP Paribas downgraded an Underperform rating on this stock but restated the target price of $20.

The stock price of Southwest Airlines Co [LUV] has been fluctuating between $21.91 and $39.53 over the past year. Currently, Wall Street analysts expect the stock to reach $54.31 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $34.83 at the most recent close of the market. An investor can expect a potential return of 55.93% based on the average LUV price forecast.

Analyzing the LUV fundamentals

The Southwest Airlines Co [NYSE:LUV] reported sales of 26.09B for trailing twelve months, representing a surge of 10.53%. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.59 points at the first support level, and at 34.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.98, and for the 2nd resistance point, it is at 35.14.

Southwest Airlines Co [LUV] reported earnings per share of $0.37 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0.26 and a surprise factor of 236.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.38 per share as compared to estimates of $0.38 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

It’s worth pointing out that Southwest Airlines Co [NYSE:LUV]’s Current Ratio is 1.14. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.76. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.98 and price to earnings (TTM) ratio is 47.37.