Southwest Airlines Stock Rating Reaffirmed by JPMorgan Chase (LUV) | Daily Political

Posted: September 13, 2012 in Uncategorized

September 12, 2012

Southwest Airlines (NYSE: LUV)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase in a report issued on Wednesday. They currently have a $11.00 target price on the stock.

Shares of Southwest Airlines traded up 2.68% during mid-day trading on Wednesday, hitting $9.19. Southwest Airlines has a one year low of $7.15 and a one year high of $10.05. The company has a market cap of $6.829 billion and a P/E ratio of 20.62.

Southwest Airlines last issued its quarterly earnings data on Thursday, July 19th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.04. Southwest Airlines’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Southwest Airlines will post $0.72 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an “overweight” rating on shares of Southwest Airlines in a research note to investors on Tuesday. They now have a $12.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Southwest Airlines from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 16th. They now have a $9.50 price target on the stock. Finally, analysts at Bank of America downgraded shares of Southwest Airlines from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, August 14th. They now have a $8.50 price target on the stock.

Southwest Airlines Co is a passenger airline that provides scheduled air transportation in the United States.

http://www.dailypolitical.com/finance/stock-market/southwest-airlines-stock-rating-reaffirmed-by-jpmorgan-chase-luv.htm

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