The price of Southwest Airlines Co (NYSE:LUV) shares last traded on Wall Street fell -1.19% to $30.67.
LUV stock price is now 9.26% away from the 50-day moving average and 6.19% away from the 200-day moving average. The market capitalization of the company currently stands at $18.38B.
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With the price target enhanced from $19 to $25, TD Cowen maintained Hold rating for Southwest Airlines Co (NYSE: LUV). On September 03, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $30 to quote $35, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, GANGWAL RAKESH, Director bought 643,788 shares of the company’s stock on Oct 01 ’24. The stock was bought for $19,300,400 at an average price of $29.98. Upon completion of the transaction, the Director now directly owns 3,606,311 shares in the company, valued at $110.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Director GANGWAL RAKESH bought 530,918 shares of the business’s stock. A total of $15,866,908 was incurred on buying the stock at an average price of $29.89. This leaves the insider owning 2,962,523 shares of the company worth $90.86 million. A total of 1.05% of the company’s stock is owned by insiders.
During the past 12 months, Southwest Airlines Co has had a low of $21.91 and a high of $35.18. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 0.90, and a quick ratio of 0.85. According to the stock market information, the enterprise value for the company is $17483145216, which is based on a 260.14 price-to-earnings ratio, a 81.78 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for LUV is $28.0704 and a two-hundred day moving average price translates $28.8822 for the stock.
The latest earnings results from Southwest Airlines Co (NYSE: LUV) was released for 2024-06-30. The net profit margin was 0.41% and return on equity was 1.04% for LUV. The company reported revenue of $7.35 billion for the quarter, compared to $7.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.5 percent.
