Media headlines about Southwest Airlines (NYSE:LUV) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Southwest Airlines earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the airline an impact score of 46.3159320161942 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- It’s Official: Southwest Airlines Is Coming to Hawaii – Yahoo Finance (finance.yahoo.com)
- US top court to review antitrust claims against American Express – Reuters (reuters.com)
- Watch: Jim Cramer Reacts to Southwest Airlines’ New Hawaii Route (finance.yahoo.com)
- Southwest Airlines Says It’s Finally Flying to Hawaii (finance.yahoo.com)
LUV has been the topic of a number of recent research reports. Cowen and Company reiterated a “buy” rating and set a $67.00 price objective on shares of Southwest Airlines in a research note on Friday, July 28th. BidaskClub downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Southwest Airlines in a research note on Tuesday, September 12th. Bank of America Corporation increased their price objective on shares of Southwest Airlines from $62.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Finally, Vetr downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $63.80 price objective on the stock. in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Southwest Airlines presently has an average rating of “Buy” and a consensus target price of $66.95.
Southwest Airlines (NYSE LUV) opened at 58.73 on Wednesday. The firm has a 50 day moving average of $55.01 and a 200-day moving average of $57.18. The stock has a market cap of $35.15 billion, a PE ratio of 18.01 and a beta of 1.32. Southwest Airlines has a 12-month low of $36.91 and a 12-month high of $64.39.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. On average, analysts expect that Southwest Airlines will post $3.62 earnings per share for the current year.
In related news, Director William H. Dr Cunningham bought 4,500 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $54.00 per share, for a total transaction of $243,000.00. Following the acquisition, the director now owns 66,969 shares in the company, valued at approximately $3,616,326. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.
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About Southwest Airlines
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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