At the time of writing, Southwest Airlines Co [LUV] stock is trading at $31.03, up 2.41%. 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 1.77% over the last week, with a monthly amount glided 4.72%, 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 October 09, 2024, when Jefferies upgraded its rating to a Hold and also boosted its price target to $32 from $24. Previously, TD Cowen reaffirmed its Hold rating on September 30, 2024, and elevated its price target to $25. On September 03, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $35 on the stock. TD Cowen reiterated its Hold rating and decreased its price target to $19 on July 17, 2024. Melius reiterated its recommendation of a Sell but $26 remained the price target by the analyst firm on June 10, 2024. Argus downgraded its rating to Hold for this stock on May 28, 2024. In a note dated April 29, 2024, Jefferies downgraded an Underperform rating on this stock and revised its target price from $28 to $20.
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 $43.08 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $31.03 at the most recent close of the market. An investor can expect a potential return of 38.83% based on the average LUV price forecast.
Analyzing the LUV fundamentals
According to Southwest Airlines Co [NYSE:LUV], the company’s sales were 27.38B for trailing twelve months, which represents an 5.29% jump. Gross Profit Margin for this corporation currently stands at -0.06% 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 -0.0 and Total Capital is -0.03. 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 30.18 points at the first support level, and at 29.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.51, and for the 2nd resistance point, it is at 32.00.
Ratios To Look Out For
It is important to note that Southwest Airlines Co [NYSE:LUV] has a current ratio of 0.88. In addition, the Quick Ratio stands at 0.83 and the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.79.
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.
