Southwest Airlines Co [LUV] stock is trading at $29.75, up 0.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LUV shares have gain 4.61% over the last week, with a monthly amount glided 5.57%, and 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 September 03, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $35 from $30. Previously, TD Cowen reaffirmed its Hold rating on July 17, 2024, and dropped its price target to $19. On June 10, 2024, Melius reiterated its Sell rating but maintained its price target of $26 on the stock. Argus downgraded its rating to a Hold. Jefferies downgraded its rating to a Underperform and reduced its price target to $20 on April 29, 2024. TD Cowen reiterated a Hold rating for this stock on April 26, 2024, and downed its price target to $25. In a note dated March 13, 2024, Jefferies upgraded an Hold rating on this stock and boosted its target price from $20 to $28.
Southwest Airlines Co [LUV] stock has fluctuated between $21.91 and $35.18 over the past year. Currently, Wall Street analysts expect the stock to reach $42.46 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $29.75 at the most recent close of the market. An investor can expect a potential return of 42.72% based on the average LUV price forecast.
Analyzing the LUV fundamentals
Southwest Airlines Co [NYSE:LUV] reported sales of 27.03B for the trailing twelve months, which represents a growth of 4.50%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
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 29.39 points at the first support level, and at 29.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.28, and for the 2nd resistance point, it is at 30.82.
Ratios To Look Out For
For context, Southwest Airlines Co’s Current Ratio is 0.90. As well, the Quick Ratio is 0.85, while the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 1.70 and price to earnings (TTM) ratio is 252.33.
