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 -6.45% and -3.15% over the past three months. LUV shares are trading -9.34% year to date (YTD), with the 12-month market performance up to 1.97% 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 7.09 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 -5.77%, -7.15%, and 3.11% respectively.
Institutional ownership of Southwest Airlines Co (NYSE: LUV) shares accounts for 89.54% of the company’s 599.74M shares outstanding.
It has a market capitalization of $18.28B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 42.61, while the earnings-per-share (ttm) stands at $0.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.51% over the week and 2.98% over the month.
Earnings per share for the fiscal year are expected to increase by 71.40%, and 48.24% over the next financial year.
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.
