The stock of Southwest Airlines Co (NYSE:LUV) is a huge mover today! About 3.33M shares traded hands. Southwest Airlines Co (NYSE:LUV) has declined 5.61% since March 4, 2016 and is downtrending. It has underperformed by 13.65% the S&P500.
The move comes after 8 months negative chart setup for the $23.79B company. It was reported on Oct, 7 by Barchart.com. We have $35.99 PT which if reached, will make NYSE:LUV worth $1.43B less.
Analysts await Southwest Airlines Co (NYSE:LUV) to report earnings on October, 27. They expect $0.90 earnings per share, down 4.26% or $0.04 from last year’s $0.94 per share. LUV’s profit will be $559.18M for 10.64 P/E if the $0.90 EPS becomes a reality. After $1.19 actual earnings per share reported by Southwest Airlines Co for the previous quarter, Wall Street now forecasts -24.37% negative EPS growth.
Southwest Airlines Co (NYSE:LUV) Ratings Coverage
Out of 10 analysts covering Southwest Airlines Co. (NYSE:LUV), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Southwest Airlines Co. has been the topic of 24 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The rating was upgraded by Morgan Stanley on Thursday, January 7 to “Equal-Weight”. On Tuesday, August 18 the stock rating was downgraded by Vetr to “Strong-Buy”. The stock of Southwest Airlines Co (NYSE:LUV) earned “Buy” rating by Deutsche Bank on Friday, October 23. The company was maintained on Friday, July 24 by Cowen & Co. As per Friday, January 22, the company rating was maintained by Credit Suisse. On Tuesday, March 29 the stock rating was initiated by Stephens with “Overweight”. The company was maintained on Friday, July 24 by Deutsche Bank. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, April 12 report. As per Thursday, February 4, the company rating was maintained by JP Morgan. Imperial Capital maintained the shares of LUV in a report on Thursday, September 3 with “Outperform” rating.
According to Zacks Investment Research, “Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest operates over Boeing 737 aircraft in numerous cities. Southwest has the lowest operating cost structure in the domestic airline industry and consistently offers the lowest and simplest fares. Southwest also has one of the best overall Customer Service records.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.09, from 0.98 in 2016Q1. The ratio dropped, as 75 funds sold all Southwest Airlines Co shares owned while 260 reduced positions. 66 funds bought stakes while 233 increased positions. They now own 471.95 million shares or 5.42% less from 499.00 million shares in 2016Q1.
Art Limited Liability Corporation last reported 127,054 shares in the company. Barclays Pcl last reported 1.40M shares in the company. Provident Tru has 6.05% invested in the company for 2.80 million shares. Meiji Yasuda Life Insur Com last reported 0.2% of its portfolio in the stock. The Texas-based Rench Wealth Management has invested 0.17% in Southwest Airlines Co (NYSE:LUV). Wells Fargo And Mn owns 5.46 million shares or 0.08% of their US portfolio. The Delaware-based Reliance Tru Com Of Delaware has invested 0.02% in Southwest Airlines Co (NYSE:LUV). Blackrock Advsrs Ltd last reported 0.15% of its portfolio in the stock. Buckingham Asset Mgmt Limited Liability Company accumulated 6,506 shares or 0.09% of the stock. Credit Suisse Ag holds 639,496 shares or 0.03% of its portfolio. Central Commercial Bank & Tru last reported 1.17% of its portfolio in the stock. Palouse Mgmt Inc owns 69,230 shares or 1.1% of their US portfolio. Arizona State Retirement Systems owns 156,636 shares or 0.09% of their US portfolio. Metropolitan Life Insur Ny has 358,974 shares for 0.11% of their US portfolio. Asset Management, a Michigan-based fund reported 61,946 shares.
Insider Transactions: Since April 25, 2016, the stock had 3 insider buys, and 5 insider sales for $70,593 net activity. Shaw Mark R also sold $66,820 worth of Southwest Airlines Co (NYSE:LUV) on Wednesday, July 27. $204,046 worth of Southwest Airlines Co (NYSE:LUV) was bought by CUNNINGHAM WILLIAM H DR. Shares for $1.00 million were bought by KELLY GARY C on Tuesday, August 2. $150,247 worth of shares were bought by Van de Ven Michael G on Wednesday, August 3. $375,552 worth of Southwest Airlines Co (NYSE:LUV) shares were sold by BIEGLER DAVID W. Lamb Jeff had sold 18,765 shares worth $784,250 on Thursday, May 26. MONTFORD JOHN T also sold $52,404 worth of Southwest Airlines Co (NYSE:LUV) shares.
More notable recent Southwest Airlines Co (NYSE:LUV) news were published by: Seekingalpha.com which released: “Showing Southwest Airlines Some Love” on October 06, 2016, also Nypost.com with their article: “Smoking Samsung forces evacuation of Southwest Airlines jet” published on October 06, 2016, Dallasnews.com published: “Southwest Airlines pilot deal may be jeopardized by new Delta agreement” on October 03, 2016. More interesting news about Southwest Airlines Co (NYSE:LUV) were released by: Prnewswire.com and their article: “Research Reports on Airlines Equities — Southwest Airlines, JetBlue Airways …” published on October 07, 2016 as well as Investorplace.com‘s news article titled: “3 Airline Stocks That Beat Southwest Airlines Co (LUV)” with publication date: September 29, 2016.
LUV Company Profile
Southwest Airlines Co. (Southwest), incorporated on March 9, 1967, operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Firm serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize. The Firm added its first three destinations in Central America (San Jose, Costa Rica, Belize City, Belize, and Liberia, Costa Rica) and also commenced Southwest service to a fourth destination in Mexico (Puerto Vallarta). Southwest operates a total of approximately 704 Boeing 737 aircraft. The Firm also added approximately 20 domestic nonstop destinations from Dallas Love Field. Southwest offers a total of 180 weekday departures to over 50 nonstop destinations from Dallas Love Field. In addition, the Company added over eight international nonstop destinations from a newly constructed five-gate international terminal at Houston’s William P. Hobby Airport.
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