Southwest Airlines Co (LUV) was Reiterated by Imperial Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 57 from a previous price target of $46 . Imperial Capital advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Southwest Airlines Co. Southwest Airlines Co was Initiated by Citigroup to “Buy” on Nov 18, 2016. Southwest Airlines Co was Upgraded by JP Morgan to ” Overweight” on Oct 27, 2016. Bernstein Initiated Southwest Airlines Co on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $51.
On the company’s financial health, Southwest Airlines Co reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.88. The company had revenue of $5139.00 million for the quarter, compared to analysts expectations of $5165.21 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.
Southwest Airlines Co opened for trading at $46.91 and hit $47.25 on the upside on Monday, eventually ending the session at $47.06, with a gain of 0.79% or 0.37 points. The heightened volatility saw the trading volume jump to 67,83,000 shares. Company has a market cap of $28,970 M.
Investors should note that on Nov 17, 2016, Southwest Airlines Co announced a cash dividend of $0.1000. The company’s management has announced Dec 6, 2016 as the ex-dividend date and fixed the record date on Dec 8, 2016. The payable date has been fixed on Jan 5, 2017.
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.