Southwest Airlines (NYSE:LUV) Rating Lowered to Hold at ValuEngine

Marco Green
January 23, 2018

The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Blackrock Florida Municipal 202 (BFO) has declined 0.62% since January 22, 2017 and is downtrending. It has outperformed by 24.43% the S&P500.

Since October 17, 2017, it had 0 buys, and 3 insider sales for $2.23 million activity. As per Thursday, February 4, the company rating was maintained by JP Morgan. In the last 90 days, insiders have sold 35,561 shares of company stock worth $2,277,774. If the ratio is less than 1, then we can determine that there has been a decrease in price. Its up 0.06, from 1.19 in 2017Q2. It turned negative, as 25 investors sold ACAD shares while 58 reduced holdings. 165 funds opened positions while 367 raised stakes. The shares were sold at an average price of $61.00, for a total value of $1,207,800.00. Cullen Frost Bankers stated it has 214,457 shares or 1.79% of all its holdings. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline's stock worth $257,901,000 after buying an additional 1,090,189 shares during the last quarter. Whittier Co, a California-based fund reported 119,803 shares. Qs Limited Liability accumulated 273,771 shares. New York-based Grace & White New York has invested 0.31% in Kimco Realty Corporation (NYSE:KIM). Beacon Advisors reported 3,486 shares. Institutional investors own 78.58% of the company's stock. In general, a company with a score closer to 0 would be seen as undervalued, and a score closer to 100 would indicate an overvalued company. RAD holds price to earnings ratio of 21.79 that presents much better indication for a stock's value than the market price alone. Dimensional Fund LP reported 87,795 shares. Guardian Life Insurance Of America holds 970 shares.

The average 1-year price target for Southwest Airlines Co. On Friday, April 15 the stock rating was upgraded by Barclays Capital to "Equal-Weight". As per Wednesday, July 26, the company rating was maintained by RBC Capital Markets. The rating was maintained by Credit Suisse with "Outperform" on Tuesday, April 12. Jefferies has "Buy" rating and $300 target. The stock has "Outperform" rating by Cowen & Co on Friday, July 24. The stock has "Hold" rating by Canaccord Genuity on Thursday, October 26. (NYSE:LUV). Commercial Bank Of America De owns 3.55M shares. They expect $0.84 EPS, up 13.51% or $0.10 from last year's $0.74 per share. The airline reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.01.

Valueworks Llc, which manages about $252.31M and $140.75 million US Long portfolio, upped its stake in Qualcomm Inc. Following the transaction, the executive vice president now directly owns 76,993 shares of the company's stock, valued at $4,956,809.34. Beta for McDermott International Inc. stands at 1.31 while its ATR (average true range) is 0.25. It is positive, as 69 investors sold LUV shares while 249 reduced holdings. Citigroup holds 0.01% or 266,763 shares. Lazard Asset Mngmt Llc has 38,533 shares for 0% of their portfolio. Imperial Capital also issued estimates for Southwest Airlines' Q4 2017 earnings at $0.86 EPS, Q1 2018 earnings at $0.82 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.23 EPS and FY2018 earnings at $4.80 EPS. Southwest Airlines now has a consensus rating of "Buy" and a consensus price target of $67.93. Over the past week, shares are 0.32%. Midas Mngmt Corp holds 29,000 shares or 0.86% of its portfolio.

After a recent check, Southwest Airlines Company's 14-day RSI is now at 54.14, the 7-day stands at 47.65, and the 3-day is sitting at 34.18. Shares of LUV have uptrended 10.57% in the past three months, while the S&P 500 has moved 0.4% in that time. Arrowgrass Capital Ptnrs (Us) Limited Partnership has 0% invested in Southwest Airlines Co. Apg Asset Management Nv holds 0.42% of its portfolio in Southwest Airlines Co. Horizon Llc has 2.27% invested in Southwest Airlines Co. 23,300 were accumulated by M Secs Incorporated. The other 16, though not evenly; between analysts who think you should buy Southwest Airlines Co. versus those who think you should sell it. Therefore 84% are positive. On the other side, analysts now consider Southwest Airlines Co. a buy, and a technical analysis of the stock is setting somewhat neutral outlook for now. The stock has "Overweight" rating by Stephens on Tuesday, March 29. The rating was upgraded by Raymond James on Wednesday, September 20 to "Outperform". (NYSE:LUV) on Friday, January 27 with "Outperform" rating. Piper Jaffray downgraded the stock to "Overweight" rating in Friday, August 7 report. Cowen restated a "buy" rating and issued a $67.00 target price on shares of Southwest Airlines in a report on Tuesday, January 9th. Also, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, November 8th. (NYSE:LUV) rating on Thursday, January 12.

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