Southwest Airlines Price Target Increased to $16.00 by Analysts at UBS AG (LUV)
Southwest Airlines (NYSE: LUV) had its price target increased by UBS AG from $12.00 to $16.00 in a research report sent to investors on Friday morning.
UBS AG has also modified their ratings on a number of other services stocks in the few days. The firm raised its price target on shares of Jetblue Airways Corp from $7.00 to $8.00. They have a buy rating on that stock. Also, UBS AG raised its price target on shares of Allegiant Travel from $90.00 to $101.00. They have a buy rating on that stock.
LUV has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Southwest Airlines from an outperform rating to a neutral rating in a research note to investors on Friday, February 22nd. They now have a $12.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Southwest Airlines from $10.50 to $11.50 in a research note to investors on Friday, January 25th. They now have an in-line rating on the stock. Finally, analysts at Bank of America reiterated an underperform rating on shares of Southwest Airlines in a research note to investors on Friday, January 25th. They now have a $10.00 price target on the stock, up previously from $8.50.
Seven analysts have rated the stock with a buy rating, two have issued an overweight rating, eight have assigned a hold rating, one has issued an underweight rating, and one has assigned a sell rating to the stock. The company has an average rating of overweight and a consensus price target of $13.31.
Southwest Airlines traded up 0.08% on Friday, hitting $12.34. Southwest Airlines has a 1-year low of $7.76 and a 1-year high of $12.33. The stock’s 50-day moving average is currently $11.59. The company has a market cap of $8.985 billion and a price-to-earnings ratio of 22.02.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 28th. Investors of record on Thursday, March 7th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Tuesday, March 5th.
Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.
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