In today’s recent session, 1.55 million shares of the Southwest Airlines Co. (NYSE:LUV) have been traded, and its beta is 1.11. Most recently the company’s share price was $47.02, and it changed around $0.04 or 0.09% from the last close, which brings the market valuation of the company to $27.54B. LUV at last check was trading at a discount to its 52-week high of $64.75, offering almost -37.71% off that amount. The share price’s 52-week low was $43.72, which indicates that the recent value has risen by an impressive 7.02% since then. We note from Southwest Airlines Co.’s average daily trading volume that its 3-month average coming to 7.14 million.
Southwest Airlines Co. stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 23 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended LUV as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Southwest Airlines Co. is expected to report earnings per share of -$0.42 for the current quarter.
Southwest Airlines Co. (NYSE:LUV) trade information
Instantly LUV has been showing a green trend so far today with a performance of 0.09% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 48.31 on Tuesday, 11/23/21 increased the stock’s daily price by 2.67%. The company’s shares are currently up 0.79% year-to-date, but still down -1.30% over the last five days. On the other hand, Southwest Airlines Co. (NYSE:LUV) is -1.05% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $62.53, which translates to bulls needing to increase their stock price by 24.8% from its current value. Analyst projections state that LUV is forecast to be at a low of $48.00 and a high of $75.00. In order for the stock price to hit the forecast high, the stock would need to plunge -59.51% from its current level, while the stock would need to crash -2.08% from its current level to reach the projected low.
Southwest Airlines Co. (LUV) estimates and forecasts
Southwest Airlines Co. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.25 percent over the past six months and at a 58.04% annual growth rate that is well above the industry average of 27.00%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 67.40% in revenue this quarter, and will report an increase of 82.60% in the next quarter. The year-over-year growth rate is expected to be 69.20%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $4.66 billion in revenue for the current quarter. 5 analysts expect Southwest Airlines Co. to make $4.57 billion in revenue for the quarter ending Mar 2022. The company’s sales for the same quarters a year ago were $2.01 billion and $2.05 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 131.30%. Forecasts for the next quarter put sales growth at 122.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.70%.
Southwest Airlines Co.’s next quarterly earnings report is expected to be released on January 27.
Southwest Airlines Co. (NYSE:LUV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.32% of Southwest Airlines Co. shares, and 79.00% of them are in the hands of institutional investors. The stock currently has a share float of 79.25%. Southwest Airlines Co. stock is held by 1,325 institutions, with Primecap Management Company being the largest institutional investor. By Sep 29, 2021, it held 9.45% of the shares, which is about 55.96 million shares worth $2.88 billion.
Vanguard Group, Inc. (The), with 8.89% or 52.62 million shares worth $2.71 billion as of Sep 29, 2021, holds the second largest percentage of outstanding shares.
Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 27.53 million shares worth $1.46 billion, making up 4.65% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 16.7 million shares worth around $886.79 million, which represents about 2.82% of the total shares outstanding.