Southwest Airlines Company (LUV) : 8 investment research analysts covering Southwest Airlines Company (LUV) have an average price target of $55.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $67 and the lowest target is $46 for the short term. Analysts expect the variance to be within $7.36 of the average price.
Southwest Airlines Company (LUV), A reduction of 4,955,044 shares or 32.3% was observed in the short interest of Southwest Airlines The interest on June 30,2016 came in at 10,394,407 shares and as per the average daily trading of 9,036,945 shares, the days to cover are 1. The reduced interest is 1.6% of the floated shares. The data of June 15,2016 put the interest at 15,349,451 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Barclays upgrades its rating on Southwest Airlines Company (NYSE:LUV). The global brokerage major raises the current price target from $41 per share to $48 per share. Analysts at the Barclays have a current rating of Equal-weight on the shares. The shares were previously rated Underweight. The rating by the firm was issued on April 15, 2016.
Southwest Airlines Company (NYSE:LUV): stock turned positive on Thursday. Though the stock opened at $42.87, the bulls momentum made the stock top out at $43.34 level for the day. The stock recorded a low of $42.43 and closed the trading day at $43.17, in the green by 1.82%. The total traded volume for the day was 6,168,703. The stock had closed at $42.4 in the previous days trading.
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.