Air- Southwest Airlines Stock Rating Reaffirmed by Bank of America Corp. (LUV) – NorthForkVue

Posted: October 10, 2013 in Uncategorized

Oct. 9, 2013

Southwest Airlines (NYSE:LUV)‘s stock had its “hold” rating reaffirmed by equities researchers at Bank of America Corp. in a research report issued on Tuesday, StockRatingsNetwork.com reports. They currently have a $15.00 price objective on the stock. Bank of America Corp.’s price target points to a potential upside of 1.21% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Southwest Airlines from $15.90 to $16.20 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Merrill Lynch upgraded shares of Southwest Airlines to a “neutral” rating in a research note to investors on Tuesday, September 24th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Southwest Airlines from $12.00 to $12.50 in a research note to investors on Tuesday, September 17th. They now have an “underweight” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.38.

Southwest Airlines (NYSE:LUV) opened at 14.82 on Tuesday. Southwest Airlines has a 52 week low of $8.68 and a 52 week high of $15.01. The stock has a 50-day moving average of $13.85 and a 200-day moving average of $13.64. The company has a market cap of $10.466 billion and a P/E ratio of 28.67.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.38. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis.

Southwest Airlines Co operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States.

via Southwest Airlines Stock Rating Reaffirmed by Bank of America Corp. (LUV) – NorthForkVue.

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