Southwest Airlines Co [LUV] stock is trading at $34.15, up 3.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The LUV shares have gain 6.85% over the last week, with a monthly amount glided 14.18%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Jefferies upgraded its rating to a Hold and increased its price target to $32 on October 09, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $25 on September 30, 2024. Evercore ISI upgraded its rating to Outperform for this stock on September 03, 2024, and upped its price target to $35. In a note dated July 17, 2024, TD Cowen reiterated an Hold rating on this stock and revised its target price from $26 to $19.
Southwest Airlines Co [LUV] stock has fluctuated between $23.58 and $35.18 over the past year. Currently, Wall Street analysts expect the stock to reach $29.94 within the next 12 months. Southwest Airlines Co [NYSE: LUV] shares were valued at $34.15 at the most recent close of the market. An investor can expect a potential drop of -12.33% based on the average LUV price forecast.
Analyzing the LUV fundamentals
Southwest Airlines Co [NYSE:LUV] reported sales of 27.38B for the trailing twelve months, which represents a growth of 5.29%. 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 -0.0 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 0.79.
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 33.44 points at the first support level, and at 32.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.51, and for the 2nd resistance point, it is at 34.86.
Ratios To Look Out For
For context, Southwest Airlines Co’s Current Ratio is 0.88. On the other hand, the Quick Ratio is 0.83, and the Cash Ratio is 0.63. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.97.
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.
