Susquehanna Says Its Time To Hold Southwest Airlines (NYSE:LUV). Will Stock Hit Their Target of $56.0000?

Southwest Airlines Co. (NYSE:LUV) Logo

Investors sentiment decreased to 0.87 in Q2 2018. Its down 0.01, from 0.88 in 2018Q1. It dived, as 74 investors sold Southwest Airlines Co. shares while 246 reduced holdings. 87 funds opened positions while 192 raised stakes. 423.74 million shares or 3.82% less from 440.55 million shares in 2018Q1 were reported.

Nj State Employees Deferred Compensation Plan accumulated 0.14% or 15,000 shares. First Republic reported 31,836 shares. Hodges Capital Management stated it has 103,050 shares or 0.39% of all its holdings. Utah Retirement holds 98,474 shares or 0.1% of its portfolio. Stelliam Invest Management L P reported 270,000 shares. Focused Wealth Mgmt holds 79 shares or 0% of its portfolio. Korea Invest Corporation, a Korea-based fund reported 204,931 shares. Cls Invs Limited Liability Co has 30,274 shares. Hussman Strategic Advsrs Inc owns 0.68% invested in Southwest Airlines Co. (NYSE:LUV) for 50,000 shares. Norman Fields Gottscho Ltd Liability holds 1.21% or 44,325 shares in its portfolio. 130,167 are owned by Texas Permanent School Fund. Canada Pension Plan Investment Board holds 0.04% or 387,554 shares in its portfolio. Fuller Thaler Asset Mngmt Incorporated stated it has 113,792 shares. Pictet Asset Mgmt Limited invested 0.02% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Ent Services invested 0.02% in Southwest Airlines Co. (NYSE:LUV).

Since August 17, 2018, it had 0 insider purchases, and 2 insider sales for $413,447 activity. Watterson Andrew M also sold $363,405 worth of Southwest Airlines Co. (NYSE:LUV) shares.

Why Has Susquehanna Given Southwest Airlines (NYSE:LUV) a $56.0000 Price Target

Susquehanna has just issued a Hold rating for Southwest Airlines (NYSE:LUV) shares. The firm has initiated coverage on shares of LUV in a report revealed on Wednesday morning. This TP would suggest upside of 2.55 % from the last stock close of Southwest Airlines (NYSE:LUV).

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Among 15 analysts covering Southwest Airlines (NYSE:LUV), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Southwest Airlines has $73 highest and $52 lowest target. $62.64’s average target is 14.70% above currents $54.61 stock price. Southwest Airlines had 19 analyst reports since June 11, 2018 according to SRatingsIntel. The firm has “Underweight” rating by JP Morgan given on Tuesday, October 30. On Friday, June 15 the stock rating was downgraded by Argus Research to “Hold”. The stock has “Buy” rating by Buckingham Research on Friday, October 26. On Friday, September 7 the stock rating was maintained by Buckingham Research with “Buy”. The stock has “Equal-Weight” rating by Barclays Capital on Monday, July 16. Buckingham Research maintained Southwest Airlines Co. (NYSE:LUV) rating on Friday, July 27. Buckingham Research has “Buy” rating and $69 target. Deutsche Bank maintained the stock with “Buy” rating in Monday, June 11 report. The firm has “Outperform” rating by Macquarie Research given on Monday, September 17. The stock of Southwest Airlines Co. (NYSE:LUV) has “Hold” rating given on Wednesday, November 28 by Susquehanna. As per Tuesday, June 12, the company rating was upgraded by Edward Jones.

The stock increased 2.59% or $1.38 during the last trading session, reaching $54.61. About 4.55M shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 13.75% since December 2, 2017 and is uptrending. It has underperformed by 1.87% the S&P500.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $30.71 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 8.62 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “Southwest Airlines suddenly grounds 34 planes in its fleet – Chicago Business Journal” on November 26, 2018, also Bizjournals.com with their article: “Boeing Roundup: Lion Air crash lawsuits… Turkish Airlines order… NASA to conduct safety review – L.A. Biz” published on November 27, 2018, Bizjournals.com published: “Report: After deadly crash, American and Southwest pilots consider additional training – Dallas Business Journal” on November 30, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Bizjournals.com and their article: “Southwest Airlines is trying a new boarding procedure. Will it help flights stay on time? – Chicago Business Journal” published on November 08, 2018 as well as Seekingalpha.com‘s news article titled: “WSJ: Regulators seek clarity on Boeing 737 safety systems after crash – Seeking Alpha” with publication date: November 21, 2018.

Southwest Airlines Co. (NYSE:LUV) Institutional Positions Chart

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