Currently, there are 599.74M common shares owned by the public and among those 593.37M shares have been available to trade.
The company’s stock has a 5-day price change of 1.87% and 10.57% over the past three months. LUV shares are trading -1.04% year to date (YTD), with the 12-month market performance up to 10.79% higher. It has a 12-month low price of $23.58 and touched a high of $36.12 over the same period. LUV has an average intraday trading volume of 7.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.01%, 1.09%, and 13.13% respectively.
Institutional ownership of Southwest Airlines Co (NYSE: LUV) shares accounts for 90.43% of the company’s 599.74M shares outstanding.
It has a market capitalization of $19.95B and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 2.50% over the month.
Earnings per share for the fiscal year are expected to decrease by -46.14%, and 87.76% over the next financial year. EPS should grow at an annualized rate of 4.55% over the next five years, compared to -29.89% over the past 5-year period.
Looking at the support for the LUV, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on January 17, 2025, with the firm’s price target at $31. Citigroup coverage for the Southwest Airlines Co (LUV) stock in a research note released on January 16, 2025 offered a Sell rating with a price target of $29.50. Morgan Stanley was of a view on December 11, 2024 that the stock is Overweight, while TD Cowen gave the stock Hold rating on December 06, 2024, issuing a price target of $25- $28. UBS on their part issued Sell rating on November 26, 2024.
