Southwest Airlines Co (LUV) was Downgraded by Argus to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Argus advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Southwest Airlines Co. Shares were Reiterated by Cowen on Jul 22, 2016 to “Outperform” and Lowered the Price Target to $ 47 from a previous price target of $49 .Southwest Airlines Co was Downgraded by Buckingham Research to ” Neutral” on Jul 22, 2016. Shares were Reiterated by Cowen on Jun 24, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $51 .
On the company’s financial health, Southwest Airlines Co reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $1.21. The company had revenue of $5384.00 million for the quarter, compared to analysts expectations of $5398.38 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Southwest Airlines Co closed down -0.69 points or -1.62% at $42.03 with 82,25,088 shares getting traded on Wednesday. Post opening the session at $43.02, the shares hit an intraday low of $41.94 and an intraday high of $43.03 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 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.