Southwest Airlines Co. (NYSE:LUV) registered a -2.26% decrease, still its new closing price is 56.59% up from the company’s 1 year high of 53.99.It posted 3.15% gains in previous 5 sessions and is now the subject of 5 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 8 buy or better ratings. The 17 stock analysts following this company have an average price target at $62.20, with individual PT in the $55.00-$70.00 range. The shares moved at $52.70, implying that brokerage firms see shares gaining about 46.94% in twelve months time.
Southwest Airlines Co. (LUV) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 5.74% rise year to date. A Director at Southwest Airlines Co. (LUV) offloaded shares in a transaction closed on Thursday December 15, 2016. MONTFORD JOHN T sold 510 shares in the company at $50.93 each and collected $25,001 in proceeds. MONTFORD JOHN T now owns 23,305 shares in the company after this transaction. A EVP, Corporate Services in the company, Lamb Jeff, disclosed a transaction on Friday December 02, 2016 that ended up generating $699,000 from the sale of 14,534 shares at $48.1 per share.
Southwest Airlines Co. (NYSE:LUV) Upcoming Results on Tap
Southwest Airlines Co. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.71 in that period. Sales during the quarter are predicted to arrive at $5.01 billion.
Earnings surprise history: Last quarter, the company posted approximately $5.08 billion in revenue and EPS of $0.75. The mean forecast was for $5.03 billion and $0.70 a share, respectively. One quarter earlier, revenue for the stock was at $5.14 billion, with earnings at $0.93/share.
Southwest Airlines Co. (LUV) Brokerage Update
Southwest Airlines Co. (LUV) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Overweight by JP Morgan, according to news reported on Wednesday January 25, 2017.Another important research note was issued by Morgan Stanley on Thursday January 05, 2017.The firm upgraded LUV to Overweight from Equal-Weight. Over the last six months and over the last three months, the shares of Southwest Airlines Co. (LUV), have changed 41.33% and 37.53%, respectively.