Brokerage firm Evercore ISI Group Upgrades its rating on Southwest Airlines Co(NYSE:LUV). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Evercore ISI Group was issued on Jul 26, 2016.
In a different note, On Jul 25, 2016, Argus Research said it Downgrades its rating on Southwest Airlines Co. The shares have been rated ‘Hold’ by the firm. On Jul 25, 2016, Credit Suisse said it Maintains its rating on Southwest Airlines Co. The shares have been rated ‘Outperform’ by the firm. On Jul 22, 2016, Buckingham Research said it Downgrades its rating on Southwest Airlines Co. The shares have been rated ‘Neutral’ by the firm.
Southwest Airlines Co (LUV) shares turned negative on Fridays trading session with the shares closing down -0.46 points or -1.23% at a volume of 67,60,762. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.88. The peak price level was also seen at $37.88 while the days lowest was $37.01. Finally the shares closed at $37.01. The 52-week high of the shares is $51.34 while the 52-week low is $32.94. According to the latest information available, the market cap of the company is $23,638 M.
Southwest Airlines Co(LUV) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.38B. Analysts had an estimated revenue of $5.41B. Earnings per share were $1.19. Analysts had estimated an EPS of $1.21.
Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, John T Montford (director) sold 1,210 shares at $43.31 per share price.Also, On May 31, 2016, Jeff Lamb (EVP, Corporate Services) sold 18,765 shares at $41.79 per share price.On Apr 27, 2016, Mark R Shaw (SVP,Gen Counsel,Corp.Secretary) sold 100 shares at $47.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website southwest.com enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and southwest.com/rebook.