The stock of Southwest Airlines Co (NYSE:LUV) is a huge mover today! About 5.03M shares traded hands. Southwest Airlines Co (NYSE:LUV) has declined 4.38% since March 8, 2016 and is downtrending. It has underperformed by 13.69% the S&P500.
The move comes after 9 months positive chart setup for the $25.58B company. It was reported on Oct, 11 by Barchart.com. We have $57.44 PT which if reached, will make NYSE:LUV worth $11.26 billion more.
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 $577.14M for 11.08 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 stock has “Overweight” rating given by JP Morgan on Thursday, July 30. The firm earned “Outperform” rating on Friday, June 24 by Cowen & Co. On Wednesday, July 27 the stock rating was downgraded by JP Morgan to “Neutral”. Credit Suisse maintained the shares of LUV in a report on Friday, January 22 with “Outperform” rating. The stock has “Outperform” rating given by Imperial Capital on Thursday, September 3. The firm earned “Outperform” rating on Friday, September 9 by Imperial Capital. The firm earned “Strong-Buy” rating on Tuesday, August 18 by Vetr. The firm has “Outperform” rating given on Friday, July 22 by Cowen & Co. The rating was maintained by Credit Suisse on Tuesday, April 12 with “Outperform”. Deutsche Bank maintained Southwest Airlines Co (NYSE:LUV) rating on Friday, July 24. Deutsche Bank has “Buy” rating and $52 price target.
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 Q2 2016. Its down 0.09, from 0.98 in 2016Q1. The ratio is negative, 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.
First Fincl Corp In holds 1,675 shares or 0.04% of its portfolio. Hartline Investment Corp has 19,047 shares for 0.27% of their US portfolio. Fuller & Thaler Asset Mgmt holds 6,700 shares or 0% of its portfolio. Clarivest Asset Mgmt Limited holds 0% or 11 shares in its portfolio. White Pine Invest Company holds 2.32% or 98,620 shares in its portfolio. Umb Bank & Trust N A Mo accumulated 362,700 shares or 0.6% of the stock. Johnson Financial Group Inc Inc accumulated 39,065 shares or 0.21% of the stock. Element Cap Ltd Liability holds 21,107 shares or 0.13% of its portfolio. Douglass Winthrop Limited Liability Corporation holds 18,560 shares or 0.06% of its portfolio. Moreover, Commerzbank Aktiengesellschaft Fi has 0% invested in Southwest Airlines Co (NYSE:LUV) for 8,024 shares. Aqr Capital Ltd Liability Corp owns 5.24M shares or 0.36% of their US portfolio. Retail Bank Of Nova Scotia has 12,744 shares for 0% of their US portfolio. The New York-based Qs Investors Ltd Liability Com has invested 0.18% in Southwest Airlines Co (NYSE:LUV). Columbia Asset Management owns 6,500 shares or 0.09% of their US portfolio. Fiduciary owns 13,162 shares or 0.02% of their US portfolio.
Insider Transactions: Since April 25, 2016, the stock had 3 insider purchases, and 5 selling transactions for $70,593 net activity. Van de Ven Michael G had bought 4,200 shares worth $150,247. Lamb Jeff had sold 18,765 shares worth $784,250 on Thursday, May 26. On Wednesday, July 27 Shaw Mark R sold $66,820 worth of the stock or 1,776 shares. On Tuesday, August 2 the insider KELLY GARY C bought $1.00 million. MONTFORD JOHN T had sold 1,210 shares worth $52,404. On Monday, April 25 the insider BIEGLER DAVID W sold $375,552. CUNNINGHAM WILLIAM H DR had bought 5,700 shares worth $204,046 on Wednesday, August 3.
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, Fool.com published: “Delta’s New Pilot Contract Offer Puts Southwest Airlines in a Bind” on October 08, 2016. More interesting news about Southwest Airlines Co (NYSE:LUV) were released by: Dallasnews.com and their article: “Southwest Airlines pilot deal may be jeopardized by new Delta agreement” published on October 03, 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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