The stocks of LUV were upgraded by several market analysts who work at Bernstein. The stocks were upgraded from ‘market perform’ to ‘outperform’. This was then sent out as a research report to several investors and clients as Briefing reports. The brokerage firm currently has a target price of about $59 on the stocks of LUV. As it shows, the target price set by Bernstein is indicative of an improvement of about 23.98% since the erstwhile close of the company.
The stocks of this company have been the main subject for quite a number of analysts. Exane BNP Paribas has already rated the stocks of this company as ‘outperform’ along with an objective price of $55 put on it. Barclays, on the other hand, raised the target price on the company’s shares from $35 to $40 in one of their 18th September research reports. JPMorgan Chase & Co, as a flipside, went ahead and lowered the stocks of LUV from a rating of ‘neutral’ to ‘underweight’.
What Has Been The Consensus of the Analysts Regarding the Stocks of LUV?
As reports go, two of the market analysts have already given the stocks a rating of ‘sell’, while four of them have given it a rating of ‘hold’. Eighteen of the analysts have given the stocks a rating of ‘buy’, while one of them has assigned a rating of ‘strong buy’ for the company. The stock has a current rating of ‘buy’, with a target price set at $48.29.
The shares of the company last opened up on a Monday at $47.59. The company currently has a 52-week high of $58.83, and a 52-week low of $22.47. The fifty days moving average for the company is $43.03, while the 200-day moving average for the same is $37.26. The debt-to-equity ratio of the company is 1.07, while the current ratio is 2.07, and the quick ratio is 2.01. The market cap of the company is $28.09 billion, with a beta of 1.20, and a PE ratio of -17.06.