Southwest Airlines Inc. Reports 7% Drop In Q3 Bottom Line

NYSE:LUV is valued at 0.77 with a P/S value of 1.16.

Although it was a back-and-forth effort all day long, when the closing bell rang, the bears were left standing, following through on Tuesday’s selling effort … though just barely.

A number of other analysts have also commented on LUV. The carrier led most members of the Bloomberg U.S. Airlines Index lower, with those also paring losses as the day progressed. They set an “outperform” rating and a $46.00 target price for the company. They noted that the move was a valuation call.

As of last closing trade, the bid price was observed at $26.71 and the ask price was noted at $27.41. The price to earnings growth is 0.77 and the price to sales ratio is 17. Finally, Morgan Stanley reaffirmed a hold rating and issued a $43.00 price target on shares of Southwest Airlines in a research note on Sunday, August 21st. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for strong sell.

The firm attains analyst recommendation of 1.80 on scale of 1-5 with week’s performance of 2.30%.

Technical Analysis: During the 52-week trading session the minimum price at which share price traded, registered at $2.13 and reached to max level of $6.95. The Stock has its 52-week High of $51.34 and 52-Week Low of $33.96 and it touched its 52-week high on Dec 7, 2015 and 52-Week Low on Feb 8, 2016. The company’s price sits 0.11% above from its 50-day moving average of $39.06 and -4.76% above below from the stock’s 200-day moving average of $40.27. NYSE:LUV Regional Airlines is bought and sold in the stock market, the current market cap indicates the existing public opinion of the net worth of Southwest Airlines Co.

Southwest Airlines Co. (NYSE:LUV) has a mean revenue estimate for the ongoing quarter ending Sep 16 of $5.17B, according to 10 analysts. On average, analysts forecast that Southwest Airlines Co. will post $3.77 EPS for the current year.

The shares fell sharply in trading before Wednesday’s opening bell, leading other carriers lower as well. The total volume of shares traded was below their three months average volume of 81,780,000 shares. The company’s shares opened today at $38.50. This represented an Earnings Surprise of -1.7%. The disclosure for this purchase can be found here.

Several institutional investors have recently added to or reduced their stakes in the stock.

TheStreet Ratings rated this stock as a “buy” with a ratings score of A-.

At the most recent close, Southwest Airlines Co. Those airlines have already reported their own airfare declines in the quarter. That was good enough to beat the forecast of 87 cents per share among analysts surveyed by Zacks Investment Research. This and bookings trend pushed down the airline’s unit revenue 4.1 percent in the third quarter ended September 30.

“Shares could get interesting again once consensus resets and if the stock corrects in the 10 to 15 percent range”, McKenzie said. NYSE:LUV Regional Airlines is now valued at 11.30%. As the outstanding stock of Southwest Airlines Co.