Air- Southwest Airlines PT Raised to $23.00 (LUV) | Ticker Report

Posted: December 20, 2013 in Uncategorized

Dec. 19, 2013

Southwest Airlines (NYSE:LUV) had its target price boosted by Cowen and Company from $20.00 to $23.00 in a report issued on Wednesday, American Banking News.com reports. They currently have an outperform rating on the stock.

Shares of Southwest Airlines (NYSE:LUV) traded down 1.39% on Wednesday, hitting $18.40. 1,723,654 shares of the company’s stock traded hands. Southwest Airlines has a 52 week low of $10.10 and a 52 week high of $18.98. The stock’s 50-day moving average is $18.17 and its 200-day moving average is $15.06. The company has a market cap of $12.820 billion and a price-to-earnings ratio of 21.77.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Southwest Airlines will post $1.05 EPS for the current fiscal year.

via Southwest Airlines PT Raised to $23.00 (LUV) | Ticker Report.

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