Southwest Airlines Co (LUV) is Reiterated by Cowen to Outperform, Lowers Price Target to $ 49

Southwest Airlines Co (LUV) was Reiterated by Cowen to “Outperform” while Lowering the Price Target of the company shares to $ 49 from a previous price target of $51 . Cowen advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on Southwest Airlines Co. Company shares were Upgraded by Barclays on Apr 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 48 from a previous price target of $41 .

On the company’s financial health, Southwest Airlines Co reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.84. The company had revenue of $4826.00 million for the quarter, compared to analysts expectations of $4804.75 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Southwest Airlines Co opened for trading at $40.47 and hit $40.875 on the upside on Tuesday, eventually ending the session at $40.52, with a gain of 1.25% or 0.5 points. The heightened volatility saw the trading volume jump to 63,76,269 shares. Company has a market cap of $25,880 M.

In a different news, on Jun 9, 2016, John T Montford (director) sold 1,210 shares at $43.31 per share price. According to the SEC, on May 31, 2016, Jeff Lamb (EVP, Corporate Services) sold 18,765 shares at $41.79 per share price. On Apr 27, 2016, Mark R Shaw (SVP,Gen Counsel,Corp.Secretary) sold 100 shares at $47.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website enables purchasing and managing travel online. It offers and in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and

Southwest Airlines Co

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