In a report released yesterday, Jose Caiado from Credit Suisse maintained a Hold rating on Southwest Airlines (LUV), with a price target of $56. The company’s shares closed yesterday at $54.31.
According to TipRanks.com, Caiado is a 1-star analyst with an average return of -2.8% and a 11.1% success rate. Caiado covers the Services sector, focusing on stocks such as American Airlines, JetBlue Airways, and Spirit Airlines.
Currently, the analyst consensus on Southwest Airlines is a Moderate Buy with an average price target of $62.80.
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Based on Southwest Airlines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.7 billion and net profit of $654 million. In comparison, last year the company earned revenue of $5.27 billion and had a net profit of $1.89 billion.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.
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Southwest Airlines Co. engages in the management of a passenger airline. It operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
