Southwest Airlines Co. (NYSE:LUV) has a beta value of 1.24 and has seen 8,610,076 shares traded in the recent trading session. The company, currently valued at $20.42 Billion, closed the recent trade at $34.78 per share which meant it lost -$0.4 on the day or -1.13% during that session. The LUV stock price is -69.15% off its 52-week high price of $58.83 and 35.39% above the 52-week low of $22.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.4 Million shares traded. The 3-month trading volume is 24.69 Million shares.
The consensus among analysts is that Southwest Airlines Co. (LUV) is an Overweight stock at the moment, with a recommendation rating of 2.3. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 20 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$2.76.
Southwest Airlines Co. (NYSE:LUV) trade information
Despite being -1.54% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the LUV stock price touched $35.36- or saw a rise of 3.17%. Year-to-date, Southwest Airlines Co. shares have moved -36.57%, while the 5-day performance has seen it change -1.47%. Over the past 30 days, the shares of Southwest Airlines Co. (NYSE:LUV) have changed 6.67%. Short interest in the company has seen 17.91 Million shares shorted with days to cover at 0.73.
Wall Street analysts have a consensus price target for the stock at $41.22, which means that the shares’ value could jump 18.52% from current levels. The projected low price target is $29 while the price target rests at a high of $50. In that case, then, we find that the current price level is +43.76% off the targeted high while a plunge would see the stock lose -16.62% from current levels.
Southwest Airlines Co. (LUV) estimates and forecasts
Figures show that Southwest Airlines Co. shares have underperformed across the wider relevant industry. The company’s shares have lost -35.49% over the past 6 months, with this year growth rate of -208.43%, compared to -34.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -301.5% and -218.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be -53.3%.
13 analysts offering their estimates for the company have set an average revenue estimate of $718.64 Million for the current quarter. 13 have an estimated revenue figure of $2.05 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $5.91 Billion and $5.64 Billion respectively for this quarter and the next, and analysts expect sales will grow by -87.8% for the current quarter and -63.6% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +20.8% over the past 5 years. Earnings growth for 2020 is a modest -2% while over the next 5 years, the company’s earnings are expected to increase by -3.01%.
Southwest Airlines Co. is expected to release its next earnings report between July 23 and July 23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.72 at a share yield of 2.05%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.97%.
Southwest Airlines Co. (NYSE:LUV)’s Major holders
Insiders own 0.25% of the company shares, while shares held by institutions stand at 76.34% with a share float percentage of 76.53%. Investors are also buoyed by the number of investors in a company, with Southwest Airlines Co. having a total of 1142 institutions that hold shares in the company. The top two institutional holders are Primecap Management Company with over 67.9 Million shares worth more than $2.42 Billion. As of March 30, 2020, Primecap Management Company held 13.34% of shares outstanding.
The other major institutional holder is Berkshire Hathaway, Inc, with the holding of over 53.64 Million shares as of March 30, 2020. The firm’s total holdings are worth over $1.91 Billion and represent 10.54% of shares outstanding.