Southwest Airlines Co [LUV] stock prices are up 0.56% to $32.60 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 2.58% over the last week, with a monthly amount glided 8.34%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On October 09, 2024, upgrade upgraded it’s rating to Hold and revised its price target to $32 on the stock. TD Cowen reiterated its Hold rating and increased its price target to $25 on September 30, 2024. Evercore ISI upgraded its rating to a Outperform and raised its price target to $35 on September 03, 2024. TD Cowen reiterated a Hold rating for this stock on July 17, 2024, and downed its price target to $19. In a note dated June 10, 2024, Melius reiterated an Sell rating on this stock but restated the target price of $26.
The stock price of Southwest Airlines Co [LUV] has been fluctuating between $23.58 and $35.18 over the past year. Currently, Wall Street analysts expect the stock to reach $42.36 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $32.60 at the most recent close of the market. An investor can expect a potential return of 29.94% based on the average LUV price forecast.
Analyzing the LUV fundamentals
The Southwest Airlines Co [NYSE:LUV] reported sales of 27.38B for trailing twelve months, representing a surge of 5.29%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
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 32.02 points at the first support level, and at 31.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.92, and for the 2nd resistance point, it is at 33.24.
Ratios To Look Out For
It’s worth pointing out that Southwest Airlines Co [NYSE:LUV]’s Current Ratio is 0.88. Further, the Quick Ratio stands at 0.83, while the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 1.88.
Transactions by insiders
Recent insider trading involved Elliott Investment Management, 10% Owner, that happened on Oct 28 ’24 when 1.2 million shares were sold. Director, GANGWAL RAKESH completed a deal on Oct 01 ’24 to buy 0.64 million shares. Meanwhile, Director GANGWAL RAKESH bought 0.53 million shares on Oct 01 ’24.
