Southwest Airlines Company (NYSE:LUV) stock is expected to deviate a maximum of $6.17 from the average target price of $55.89 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $67 and the most muted being $48.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Barclays upgrades its outlook on Southwest Airlines Company (NYSE:LUV). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Underweight. The brokerage firm raises the price target from $41 per share to $48 per share. The rating by the firm was issued on April 15, 2016.
Southwest Airlines Company (NYSE:LUV): On Thursdays trading session , Opening price of the stock was $40.72 with an intraday high of $40.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $38.2. However, the stock managed to close at $39.59, a loss of 1.66% for the day. On the previous day, the stock had closed at $40.26. The total traded volume of the day was 16,781,910 shares.
The company shares have rallied 16.73% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $51.34 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $41.87 and the 200 Day Moving Average price is recorded at $42.24. On the companys insider trading activities, Montford John T, director of Southwest Airlines Co, unloaded 1,210 shares at an average price of $43.31 on June 7, 2016. The total amount of the transaction was worth $52,405, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.