For Southwest Airlines Co. [LUV], Analyst sees a rise to $45. What next?

Southwest Airlines Co. [NYSE: LUV] surged by $0.94 during the normal trading session on Wednesday and reaching a high of $39.66 during the day while it closed the day at $39.28. The company report on July 28, 2022 that SOUTHWEST AIRLINES REPORTS SECOND QUARTER 2022 RESULTS.


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Southwest Airlines Co. (NYSE: LUV) (the “Company”) today reported its second quarter 2022 financial results:.

Southwest Airlines Co. stock has also gained 0.72% of its value over the past 7 days. However, LUV stock has declined by -11.91% in the 3 months of the year. Over the past six months meanwhile, it has lost -14.74% and lost -8.31% year-on date.

The market cap for LUV stock reached $23.30 billion, with 593.00 million shares outstanding and 591.28 million shares in the current float. Compared to the average trading volume of 5.70M shares, LUV reached a trading volume of 3359085 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Southwest Airlines Co. [LUV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LUV shares is $52.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LUV stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Susquehanna have made an estimate for Southwest Airlines Co. shares, keeping their opinion on the stock as Positive, with their previous recommendation back on July 12, 2022. While these analysts kept the previous recommendation, Raymond James dropped their target price from $57 to $55. The new note on the price target was released on June 23, 2022, representing the official price target for Southwest Airlines Co. stock. Previously, the target price had yet another raise to $48, while Evercore ISI analysts kept a Outperform rating on LUV stock.

The Average True Range (ATR) for Southwest Airlines Co. is set at 1.24, with the Price to Sales ratio for LUV stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 27.71. Price to Free Cash Flow for LUV in the course of the last twelve months was 8.24 with Quick ratio for the last quarter at 1.60.

LUV stock trade performance evaluation

Southwest Airlines Co. [LUV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.72. With this latest performance, LUV shares gained by 1.92% in over the last four-week period, additionally sinking by -14.74% over the last 6 months – not to mention a drop of -23.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LUV stock in for the last two-week period is set at 51.57, with the RSI for the last a single of trading hit 53.31, and the three-weeks RSI is set at 50.03 for Southwest Airlines Co. [LUV]. The present Moving Average for the last 50 days of trading for this stock 39.05, while it was recorded at 38.86 for the last single week of trading, and 43.26 for the last 200 days.

Southwest Airlines Co. [LUV]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Southwest Airlines Co. [LUV] shares currently have an operating margin of -7.82 and a Gross Margin at +7.34. Southwest Airlines Co.’s Net Margin is presently recorded at +6.19.

Return on Equity for this stock inclined to 10.13, with Return on Assets sitting at 2.61.

Southwest Airlines Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.70.

Southwest Airlines Co. [LUV]: Insider Ownership positions

There are presently around $17,723 million, or 79.80% of LUV stock, in the hands of institutional investors. The top three institutional holders of LUV stocks are: VANGUARD GROUP INC with ownership of 63,028,745, which is approximately 1.964% of the company’s market cap and around 0.30% of the total institutional ownership; PRIMECAP MANAGEMENT CO/CA/, holding 53,554,109 shares of the stock with an approximate value of $2.1 billion in LUV stocks shares; and STATE STREET CORP, currently with $1.6 billion in LUV stock with ownership of nearly -0.29% of the company’s market capitalization.

Positions in Southwest Airlines Co. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 410 institutional holders increased their position in Southwest Airlines Co. [NYSE:LUV] by around 32,720,505 shares. Additionally, 480 investors decreased positions by around 40,702,306 shares, while 197 investors held positions by with 377,780,726 shares. The mentioned changes placed institutional holdings at 451,203,537 shares, according to the latest SEC report filing. LUV stock had 84 new institutional investments in for a total of 5,788,944 shares, while 123 institutional investors sold positions of 5,647,088 shares during the same period.

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