Southwest Airlines Co [LUV] stock prices are up 5.52% to $28.08 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LUV shares have gain 2.44% over the last week, with a monthly amount drifted -1.51%, 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 July 17, 2024, when TD Cowen reiterated its Hold rating and also revised its price target to $19 from $26. Previously, Melius reaffirmed its Sell rating on June 10, 2024, and kept the price target unchanged to $26. On May 28, 2024, downgrade downgraded it’s rating to Hold. Jefferies downgraded its rating to a Underperform and decreased its price target to $20 on April 29, 2024. TD Cowen reiterated its recommendation of a Hold and reduced its price target to $25 on April 26, 2024. Jefferies upgraded its rating to Hold for this stock on March 13, 2024, and upped its price target to $28. In a note dated March 12, 2024, Argus upgraded an Buy rating on this stock but restated the target price of $40.
The stock price of Southwest Airlines Co [LUV] has been fluctuating between $21.91 and $36.37 over the past year. Currently, Wall Street analysts expect the stock to reach $43.82 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $28.08 at the most recent close of the market. An investor can expect a potential return of 56.05% based on the average LUV price forecast.
Analyzing the LUV fundamentals
The Southwest Airlines Co [NYSE:LUV] reported sales of 26.71B for trailing twelve months, representing a surge of 10.92%. 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 0.01%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.81.
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 26.38 points at the first support level, and at 24.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.17, and for the 2nd resistance point, it is at 30.27.
Ratios To Look Out For
It’s worth pointing out that Southwest Airlines Co [NYSE:LUV]’s Current Ratio is 1.09. Further, the Quick Ratio stands at 1.02, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 1.65 and price to earnings (TTM) ratio is 45.58.