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Southwest Airlines Co. (NYSE:LUV) At $29.69: What To Do?

In last trading session, Southwest Airlines Co. (NYSE:LUV) saw 8.51 million shares changing hands with its beta currently measuring 1.17. Company’s recent per share price level of $29.69 trading at $0.75 or 2.59% at ring of the bell on the day assigns it a market valuation of $17.62B. That closing price of LUV’s stock is at a discount of -36.01% from its 52-week high price of $40.38 and is indicating a premium of 4.48% from its 52-week low price of $28.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.61 million shares which gives us an average trading volume of 7.56 million if we extend that period to 3-months.

For Southwest Airlines Co. (LUV), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.90. Splitting up the data highlights that, out of 21 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 14 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.48 in the current quarter.

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Southwest Airlines Co. (NYSE:LUV) trade information

Upright in the green during last session for gaining 2.59%, in the last five days LUV remained trading in the green while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $29.69 price level, adding 0.34% to its value on the day. Southwest Airlines Co.’s shares saw a change of -11.82% in year-to-date performance and have moved 0.54% in past 5-day. Southwest Airlines Co. (NYSE:LUV) showed a performance of -9.81% in past 30-days. Number of shares sold short was 20.93 million shares which calculate 3.27 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $34.93 to the stock, which implies a rise of 15.0% to its current value. Analysts have been projecting $25.00 as a low price target for the stock while placing it at a high target of $55.00. It follows that stock’s current price would drop -85.25% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.8% for stock’s current value.

Southwest Airlines Co. (LUV) estimates and forecasts

Statistics highlight that Southwest Airlines Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -2.59% of value to its shares in past 6 months, showing an annual growth rate of 75.00% while that of industry is 13.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -4.00% in the current quarter and calculating 252.60% increase in the next quarter. This year revenue growth is estimated to rise 10.30% from the last financial year’s standing.

13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.63 billion for the same. And 13 analysts are in estimates of company making revenue of $6.87 billion in the next quarter that will end on Dec 2023. Company posted $6.21 billion and $6.17 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 6.70% while estimating it to be 11.20% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.70% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -47.70% while estimates for its earnings growth in next 5 years are of 44.58%.

LUV Dividends

Southwest Airlines Co. is more likely to be releasing its next quarterly report between October 25 and October 30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 0.36% of company’s total shares while institution are holding 78.03 percent of that, with stock having share float percentage of 78.31%. Investors also watch the number of corporate investors in a company very closely, which is 78.03% institutions for Southwest Airlines Co. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at LUV for having 65.99 million shares of worth $1.96 billion. And as of Jun 29, 2023, it was holding 11.08% of the company’s outstanding shares.

The second largest institutional holder is Primecap Management Company, which was holding about 50.05 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.40% of outstanding shares, having a total worth of $1.49 billion.

On the other hand, Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 25.44 million shares of worth $755.38 million or 4.27% of the total outstanding shares. The later fund manager was in possession of 18.54 million shares on Jun 29, 2023, making its stake of worth around $550.35 million in the company or a holder of 3.11% of company’s stock.

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