Short Term Price Target on Southwest Airlines Company (LUV)

Southwest Airlines Company (NYSE:LUV) : The highest level Southwest Airlines Company (NYSE:LUV) is projected to reach is $67 for the short term and the lowest estimate is at $48. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $55.11 and the possibility the share price can swing is $6.77.

Southwest Airlines Co. has lost 0.96% in the last five trading days and dropped 7.61% in the last 4 weeks. Southwest Airlines Co. has dropped 11.79% during the last 3-month period . Year-to-Date the stock performance stands at -8.56%. Also, Brokerage firm Barclays upgrades its rating on Southwest Airlines Company (NYSE:LUV). As per the latest information, the brokerage house raises the price target to $48 per share from a prior target of $41. The shares have been rated Equal-weight. Previously, the analysts had a Underweight rating on the shares. The rating by the firm was issued on April 15, 2016.

Southwest Airlines Company (NYSE:LUV) : The consensus on Southwest Airlines Company (NYSE:LUV) based on 12 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Southwest Airlines Company (NYSE:LUV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.96 and $38.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.21, notching a gain of 0.82% for the day. The total traded volume was 5,333,329 . The stock had closed at $38.89 on the previous day.

In an insider trading activity, 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,, 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

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