At the time of writing, Southwest Airlines Co [LUV] stock is trading at $29.57, down -1.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LUV shares have gain 4.16% over the last week, with a monthly amount drifted -0.03%, 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 September 30, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $25 from $19. Previously, Evercore ISI upgraded its rating to Outperform on September 03, 2024, and elevated its price target to $35. On July 17, 2024, TD Cowen reiterated its Hold rating and revised its price target to $19 on the stock. Melius reiterated its Sell rating but stick to its price target of $26 on June 10, 2024. Argus downgraded its rating to a Hold. Jefferies downgraded its rating to Underperform for this stock on April 29, 2024, and downed its price target to $20. In a note dated April 26, 2024, TD Cowen reiterated an Hold rating on this stock and revised its target price from $26 to $25.
For the past year, the stock price of Southwest Airlines Co fluctuated between $21.91 and $35.18. Currently, Wall Street analysts expect the stock to reach $42.29 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $29.57 at the most recent close of the market. An investor can expect a potential return of 43.02% based on the average LUV price forecast.
Analyzing the LUV fundamentals
According to Southwest Airlines Co [NYSE:LUV], the company’s sales were 27.03B for trailing twelve months, which represents an 4.50% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.78.
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 29.27 points at the first support level, and at 28.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.76, and for the 2nd resistance point, it is at 29.95.
Ratios To Look Out For
It is important to note that Southwest Airlines Co [NYSE:LUV] has a current ratio of 0.90. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 250.81.
Transactions by insiders
Recent insider trading involved GANGWAL RAKESH, Director, that happened on Oct 01 ’24 when 0.64 million shares were purchased. Director, GANGWAL RAKESH completed a deal on Oct 01 ’24 to buy 0.53 million shares. Meanwhile, Director GANGWAL RAKESH bought 0.13 million shares on Oct 01 ’24.
