Brokerage firm Credit Suisse Maintains its rating on Southwest Airlines Co(NYSE:LUV). In a research note issued to the investors, the brokerage major Lowers the price-target to $53.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Apr 12, 2016.
In a different note, Stephens & Co. said it Initiates Coverage on Southwest Airlines Co, according to a research note issued on Mar 29, 2016. The shares have been rated ‘Overweight’ by the firm. On Feb 4, 2016, JP Morgan said it Maintains its rating on Southwest Airlines Co. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jan 22, 2016, Credit Suisse said it Maintains its rating on Southwest Airlines Co. According to the research note, Credit Suisse Lowers the price target to $55 per share from a prior target of $58. The shares have been rated ‘Outperform’ by the firm.
Southwest Airlines Co (LUV) made into the market gainers list on Fridays trading session with the shares advancing 0.71% or 0.33 points. Due to strong positive momentum, the stock ended at $47.04, which is also near the day’s high of $47.18. The stock began the session at $47.15 and the volume stood at 58,10,860 shares. The 52-week high of the shares is $51.34 and the 52 week low is $31.36. The company has a current market capitalization of $30,015 M and it has 63,80,70,030 shares in outstanding.
Southwest Airlines Co(LUV) last announced its earnings results on Jan 21, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $4.98B. Analysts had an estimated revenue of $5.01B. Earnings per share were $0.9. Analysts had estimated an EPS of $0.89.
Several Insider Transactions has been reported to the SEC. On Feb 26, 2016, Jeff Lamb (EVP, Corporate Services) sold 6,662 shares at $40.67 per share price.Also, On Nov 16, 2015, Gary C Kelly (COB, Pres., & CEO) sold 19,642 shares at $46.74 per share price.On Oct 30, 2015, Robert E Jordan (EVP, Chief Commercial Officer) sold 55,031 shares at $45.78 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 southwest.com enables purchasing and managing travel online. It offers southwest.com and swabiz.com 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.com/rebook.