TD Cowen Lowers Southwest Airlines (NYSE:LUV) Price Target to $25.00

Southwest Airlines (NYSE:LUV) had its target price lowered by analysts at TD Cowen from $26.00 to $25.00 in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a “hold” rating on the airline’s stock. TD Cowen’s price objective suggests a potential downside of 7.51% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Barclays reduced their target price on Southwest Airlines from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on Southwest Airlines from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. StockNews.com downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Evercore ISI reiterated an “inline” rating and issued a $35.00 price objective on shares of Southwest Airlines in a report on Tuesday, January 2nd. Finally, Morgan Stanley cut their price objective on Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.18.

Southwest Airlines Price Performance

NYSE:LUV opened at $27.03 on Friday. Southwest Airlines has a 52 week low of $21.91 and a 52 week high of $39.53. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $16.17 billion, a P/E ratio of 42.90, a P/E/G ratio of 0.96 and a beta of 1.15. The stock’s fifty day moving average is $30.34 and its two-hundred day moving average is $28.55.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the prior year, the firm earned ($0.27) EPS. Southwest Airlines’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts expect that Southwest Airlines will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Southwest Airlines

A number of hedge funds have recently bought and sold shares of the stock. Hexagon Capital Partners LLC increased its holdings in shares of Southwest Airlines by 374.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock valued at $25,000 after acquiring an additional 677 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Southwest Airlines by 82.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock valued at $26,000 after acquiring an additional 414 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of Southwest Airlines in the 4th quarter valued at about $29,000. ICA Group Wealth Management LLC purchased a new position in shares of Southwest Airlines in the 4th quarter valued at about $29,000. Finally, Motco increased its holdings in shares of Southwest Airlines by 151.0% in the 3rd quarter. Motco now owns 1,187 shares of the airline’s stock valued at $32,000 after acquiring an additional 714 shares during the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.