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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Diallo did note in his message he will not hire an agent for the time being, leaving the door open to return to Kentucky. Further, the 2017 class is heavy on point guards but very light on shooting guards.

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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