Southwest Airlines

Southwest Airlines (NYSE:LUV) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/18/2023 5.43% Citigroup $25 → $30 Maintains Neutral 11/27/2023 19.49% Raymond James $36 → $34 Maintains Outperform 11/13/2023 — Melius Research Downgrades Hold → Sell 11/10/2023 — Exane BNP Paribas Downgrades Neutral → Underperform 10/31/2023 -19.17% Susquehanna $25 → $23 Maintains Neutral 10/31/2023 65.17% Morgan Stanley $50 → $47 Maintains Overweight 10/27/2023 -29.71% TD Cowen $26 → $20 Downgrades Outperform → Market Perform 10/11/2023 -12.14% Susquehanna $30 → $25 Maintains Neutral 10/05/2023 26.52% Raymond James $40 → $36 Maintains Outperform 10/02/2023 — Morgan Stanley Maintains Overweight 09/29/2023 -29.71% Jefferies $25 → $20 Maintains Underperform 09/26/2023 1.92% Bernstein $32 → $29 Maintains Market Perform 09/12/2023 15.09% Citigroup $36 → $32.75 Maintains Neutral 09/06/2023 19.49% Exane BNP Paribas → $34 Downgrades Outperform → Neutral 08/28/2023 33.54% Evercore ISI Group $42 → $38 Maintains […]

Citigroup analyst Stephen Trent maintains Southwest Airlines (NYSE:LUV) with a Neutral and raises the price target from $25 to $30.

Southwest Airlines Co. (LUV) on Wednesday said it now expects fourth-quarter available seat miles to increase by about 21%, compared to its earlier view of no change. Its outlook for fourth-quarter revenue seat miles improved to a drop of up to 10% from its earlier view of down as much as 11%, as “travel demand and yields continue to be healthy.” The carrier said leisure demand “remains strong” on the heels of Thanksgiving holiday revenue. “Close-in bookings, including managed business bookings, have performed at the better end of expectations in November and December-to-date,” Southwest said. Southwest said it now expects fourth-quarter unit revenue to improve to the better end of its previous guidance range, and it continues to expect record fourth-quarter operating revenues and record fourth-quarter passengers. On the minus side, economic fuel costs per gallon for the fourth quarter are expected to be $3 to $3.10, up from its

Morgan Stanley analyst Ravi Shanker maintains Southwest Airlines (NYSE:LUV) with a Overweight and lowers the price target from $50 to $47.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target to $24 from $36, 12.2x our ’24 EPS view (cut to $1.97 from $3.24; ’23’s cut to $1.24 from $2.16), slightly above LUV’s ’18-’19 P/E average of 12x. Q3 EPS of $0.38 vs. $0.50, missed consensus by $0.01. Revenues grew 5% Y/Y on more than 12% capacity due to weaker load factors (~81% vs. 85% in Q3 22). LUV revised its ’23 outlook, with expected fuel rising by 5.5% (midpoint of $2.90/g vs. the prior midpoint of $2.75/g) due to the recent uptick in energy prices. The EIA estimates WTI pricing to average $80/b in ’23 (vs. $95/b in ’22) and $91/b in ’24. LUV has hedged 50% of its expected ’23 fuel consumption at a midpoint of $2.90 and 55% for

Southwest Airlines (LUV) reported Q3 non-GAAP net income Thursday of $0.38 per diluted share, down from $0.50 a year earlier. Analysts polled by Capital IQ expected $0.39. Operating revenue for the quarter ended Sept. 30 was $6.53 billion, up from $6.22 billion a year earlier. Analysts surveyed by Capital IQ expected $6.57 billion.

Bernstein analyst David Vernon maintains Southwest Airlines (NYSE:LUV) with a Market Perform and lowers the price target from $32 to $28.

Southwest Airlines Sees Q3 Operating Revenue Per Available Seat Mile Y/Y Down 5%-7% Compared To Prior Guidance Of Down 3%-7%; Sees 3Q Available Seat Miles Up About 12%, Unchanged From Previous Guidance.