Southwest Airlines to end practice of overbooking flights

Joy Montgomery
April 28, 2017

Analyst mean recommendation rating on a stock by the analyst community is at 2.10. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. It has been assigned a low target price of $47 and a high target price of $65.

Presently Southwest Airlines Co. Current price level places the company's stock about -1.49% from the 52-week high and 43.38% away from the 52-week low. Shares of the company were down in pre-market trading at the time of writing. The stock carved out a 52-week low down at $35.19. You can get a sense of how sustainable that is by a levered free cash flow of $2.26 Billion over the past twelve months.

Vetr upgraded shares of Southwest Airlines Co (NYSE:LUV) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

A current consensus EPS projection for next fiscal year is observed at $4.61 and one month ago consensus EPS forecast was at $4.62. The firm earned $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion.

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Revenue during the same period is expected to grow from $20.43 Billion to $24.91 Billion in 2020 and profit is predicted to slightly grow from $2.24 Billion to $3.36 Billion in 2020, roughly growing 1.5x. After a recent check, company stock has been trading near the $57.46 mark. Investors of record on Thursday, March 9th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 7th. It has a dividend yield of 0.71%. Southwest Airlines Company's payout ratio is now 11.33%. Also, Chairman Gary C. Kelly sold 21,300 shares of the business's stock in a transaction on Wednesday, February 22nd. Then keep reading. I will analyse the latest data and look at the future of this company in more detail. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. (NYSE:LUV). The 12 month volatility is now 29.481200. Following the sale, the chief operating officer now owns 214,084 shares in the company, valued at approximately $12,356,928.48. The disclosure for this sale can be found here. The stock was sold at an average price of $57.25, for a total transaction of $1,219,425.00. When following the volatility of a stock, investors may be challenged with trying to decipher the correct combination of risk-reward to help maximize returns.

In the last Quarter, Southwest Airlines Co. Following the sale, the chairman now owns 619,456 shares of the company's stock, valued at approximately $35,463,856. Edgemoor Investment Advisors Inc. raised its position in shares of Southwest Airlines Company by 16.4% in the second quarter. FNY Managed Accounts LLC now owns 10,000 shares of the airline's stock valued at $389,000 after buying an additional 9,900 shares in the last quarter. Macquarie Group Ltd. now owns 113,130 shares of the airline's stock worth $4,435,000 after buying an additional 70,660 shares during the last quarter. (CRUS) . Average true range (ATR-14) of the company is at 1.51.

Beta factor of the stock stands at 1.67.

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba.

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