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Southwest Airlines Co. (LUV): What Makes The Stock Good?

Southwest Airlines Co. (NYSE:LUV) has a beta value of 1.15 and has seen 3.89 million shares traded in the last trading session. The company, currently valued at $21.42B, closed the last trade at $36.68 per share which meant it lost -$0.01 on the day or -0.03% during that session. The LUV stock price is -36.59% off its 52-week high price of $50.10 and 17.67% above the 52-week low of $30.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.93 million shares traded. The 3-month trading volume is 6.48 million shares.

The consensus among analysts is that Southwest Airlines Co. (LUV) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 3 rate it as Overweight. 6 out of 21 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.59.

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Southwest Airlines Co. (NYSE:LUV) trade information

Sporting -0.03% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the LUV stock price touched $36.68 or saw a rise of 4.8%. Year-to-date, Southwest Airlines Co. shares have moved 8.94%, while the 5-day performance has seen it change -0.97%. Over the past 30 days, the shares of Southwest Airlines Co. (NYSE:LUV) have changed 0.22%. Short interest in the company has seen 9.97 million shares shorted with days to cover at 1.57.

Wall Street analysts have a consensus price target for the stock at $47.38, which means that the shares’ value could jump 22.58% from current levels. The projected low price target is $35.00 while the price target rests at a high of $68.00. In that case, then, we find that the current price level is -85.39% off the targeted high while a plunge would see the stock lose 4.58% from current levels.

Southwest Airlines Co. (LUV) estimates and forecasts

Figures show that Southwest Airlines Co. shares have outperformed across the wider relevant industry. The company’s shares have lost -9.70% over the past 6 months, with this year growth rate of 167.44%, compared to 23.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 321.40% and 165.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 51.90%.

9 analysts offering their estimates for the company have set an average revenue estimate of $6.23 billion for the current quarter. 4 have an estimated revenue figure of $5.81 billion for the next quarter concluding in Mar 2023. Year-ago sales stood $5.05 billion and $4.67 billion respectively for this quarter and the next, and analysts expect sales will grow by 23.30% for the current quarter and 24.40% 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 -14.20% over the past 5 years.

LUV Dividends

Southwest Airlines Co. is expected to release its next earnings report on January 26 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 1.96%. The company’s dividend yield has gone up over the past 12 months.

Southwest Airlines Co. (NYSE:LUV)’s Major holders

Insiders own 0.35% of the company shares, while shares held by institutions stand at 79.59% with a share float percentage of 79.87%. Investors are also buoyed by the number of investors in a company, with Southwest Airlines Co. having a total of 1,220 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 64.22 million shares worth more than $2.32 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 10.82% of shares outstanding.

The other major institutional holder is Primecap Management Company, with the holding of over 52.92 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.91 billion and represent 8.92% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 4.43% shares in the company for having 26.26 million shares of worth $948.42 million while later fund manager owns 17.45 million shares of worth $630.45 million as of Jun 29, 2022, which makes it owner of about 2.94% of company’s outstanding stock.

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