Southwest Airlines Stock Rating Reaffirmed by Goldman Sachs (LUV)

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Southwest Airlines (NYSE:LUV)‘s stock had its “buy” rating restated by stock analysts at Goldman Sachs in a report issued on Friday. They currently have a $58.00 price objective on the airline’s stock, down from their previous price objective of $62.00. Goldman Sachs’ price objective points to a potential upside of 65.71% from the company’s current price.

Shares of Southwest Airlines (NYSE:LUV) opened at 35.00 on Friday. Southwest Airlines has a 52-week low of $25.86 and a 52-week high of $47.17. The stock has a 50-day moving average of $39. and a 200-day moving average of $41.. The company has a market cap of $23.39 billion and a price-to-earnings ratio of 16.75.

Southwest Airlines (NYSE:LUV) last released its earnings data on Thursday, April 23rd. The airline reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter last year, the company posted $0.18 earnings per share. Southwest Airlines’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Southwest Airlines will post $3.39 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Monday, June 1st. This is a boost from Southwest Airlines’s previous quarterly dividend of $0.06.

A number of other analysts have also recently weighed in on LUV. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating and set a $42.50 price target (down previously from $52.00) on shares of Southwest Airlines in a research note on Wednesday. Analysts at Deutsche Bank lowered their price target on shares of Southwest Airlines from $60.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday. Analysts at Cowen and Company lowered their price target on shares of Southwest Airlines from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, analysts at Imperial Capital reiterated an “outperform” rating and set a $64.00 price target on shares of Southwest Airlines in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.03.

Southwest Airlines Co, is an airline company. The Company operates Southwest Airlines (NYSE:LUV) and AirTran Airways (AirTran), passenger airlines that provide air transportation within the United States and other countries near the Unite States.

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