Southwest Airlines Co (LUV) was Initiated by Imperial Capital to “Outperform” and the brokerage firm has set the Price Target at $46. Imperial Capital advised their investors in a research report released on Sep 9, 2016.
Many Wall Street Analysts have commented on Southwest Airlines Co. Southwest Airlines Co was Downgraded by JP Morgan to ” Neutral” on Jul 27, 2016. Southwest Airlines Co was Downgraded by Argus to ” Hold” on Jul 25, 2016. 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 .
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 opened for trading at $37.32 and hit $38.84 on the upside on Wednesday, eventually ending the session at $38.68, with a gain of 4.68% or 1.73 points. The heightened volatility saw the trading volume jump to 11,627,730 shares. Company has a market cap of $23,991 M.
In a different news, on Aug 4, 2016, De Ven Michael G Van (COO) purchased 4,200 shares at $35.77 per share price. According to the SEC, on Aug 4, 2016, William H Dr Cunningham (director) purchased 5,700 shares at $35.80 per share price. On Aug 3, 2016, Gary C Kelly (CEO) purchased 28,106 shares at $35.58 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.