A share price of Southwest Airlines Co [LUV] is currently trading at $28.05, up 0.75%. An important factor to consider is whether the stock is rising or falling in short-term value. The LUV shares have lost -3.44% over the last week, with a monthly amount drifted -1.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Southwest Airlines Co [NYSE: LUV] stock has seen the most recent analyst activity on March 13, 2024, when Jefferies upgraded its rating to a Hold and also boosted its price target to $28 from $20. Previously, Argus upgraded its rating to Buy on March 12, 2024, and kept the price target unchanged to $40. On February 20, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $42 on the stock. Bernstein upgraded its rating to a Mkt Perform. TD Cowen reiterated its recommendation of a Market Perform and raised its price target to $26 on January 26, 2024. Bernstein downgraded its rating to Underperform for this stock on January 08, 2024, but kept the price target unchanged to $24. In a note dated January 02, 2024, Evercore ISI downgraded an In-line rating on this stock but restated the target price of $35.
Southwest Airlines Co experienced fluctuations in its stock price throughout the past year between $21.91 and $39.53. Currently, Wall Street analysts expect the stock to reach $46.41 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $28.05 at the most recent close of the market. An investor can expect a potential return of 65.45% based on the average LUV price forecast.
Analyzing the LUV fundamentals
Trailing Twelve Months sales for Southwest Airlines Co [NYSE:LUV] were 26.09B which represents 10.53% growth. 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 27.63 points at the first support level, and at 27.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.31, and for the 2nd resistance point, it is at 28.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Southwest Airlines Co [NYSE:LUV] is 1.14. On the other hand, the Quick Ratio is 1.07, and the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 1.59 and price to earnings (TTM) ratio is 38.15.
Transactions by insiders
Recent insider trading involved Green Ryan C., EVP, Chief Commercial Officer, that happened on May 02 ’23 when 4936.0 shares were sold.
