The shares ended last trade at $41.95, implying that Wall Street analysts see shares climbing about 16.81 per cent in 12 months' time.
7 number of analysts have estimated the sales of the company for the quarter ending Oct 26, 2016, analysts estimated mean sale target of 4947.7 million while high and low sale targets are estimated at 5037.63 million and 4828.5 million respectively.
Southwest Airlines Co. (NYSE:LUV) shares now have a mean rating of 2.00 while 6 analysts have recommended the shares as "BUY", 5 commented as "OUTPERFORM" and 5 commented as "HOLD". The carrier generated free cash flow of $392 million in the quarter and returned $312 million to shareholders through buybacks and dividend payments.
In related news, SVP Mark R. Shaw sold 1,776 shares of the stock in a transaction on Wednesday, July 27th. According to the SEC, on Aug 4, 2016, William H Dr Cunningham (director) purchased 5,700 shares at $35.80 per share price. The company beat earnings estimates and delivered better-than-expected revenues. The company's 5 year Earnings per share growth and Capital Spending growth remains at 39.7 and 34.16. Excluding special items, the company earned 93 cents a share. That would represent a -6.38 per cent year-over-year decrease. While overall revenue was down only slightly, it fell short of forecasts.
Southwest Airlines Co.'s revenue fell in the latest period, hurt in part by a technology outage in August that plagued service, as the carrier said Wednesday an important industry metric would decline in the current quarter.
Rival JetBlue Airways jblu on Tuesday forecast unit revenue to fall 3.5-4 percent in October.
Southwest Airlines Co (Southwest) operates Southwest Airlines. (LUV), so its rating change is noteworthy. The stock had a trading capacity of 11.07M shares.
Several research firms recently weighed in on LUV.
While looking at the Stock's Performance, Southwest Airlines Co. now shows a Weekly Performance of 0.65%, where Monthly Performance is 13.78%, Quarterly performance is 12.23%, 6 Months performance is -7.47% and yearly performance percentage is -7.57%. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 4.38% where SMA50 and SMA200 are 9.66% and 4.05% respectively.
Southwest shares tumbled $4.95, or 11.7 percent, to $36.99 in morning tradingl, and they dragged other airline stocks down by smaller percentages.