Southwest Airlines Company Comm (NYSE:LUV):
Michael G. Van de Ven Appointed to the Comerica Incorporated Board of Directors.
The company is so far trading up from yesterday’s close of $36.87.
Southwest Airlines Company Comm also recently declared a dividend for shareholders paid on Thursday the 8th of September 2016. The dividend was $0.100 per share for the quarter or $0.40 on an annualized basis. This dividend represents a yield of $1.07. The ex-dividend date was Tuesday the 16th of August 2016.
Company shares last traded at $38.54 which is marginally higher than the 50 day moving average which is $37.02 and just a bit lower than the 200 day moving average of $40.82. The 50 day moving average was up by +4.10% and the 200 day average moved down $-2.28.
The most current P/E ratio is 10.22 and market cap is 23.90B. In the last earnings report the EPS was $3.77 and is expected to be $3.78 for the current year with 620,232,000 shares outstanding. Next quarter’s EPS is expected be $0.80 with next year’s EPS anticipated to be $3.85.
A few investment analysts have weighed in on Southwest Airlines Company Comm of late. Equity analyst Imperial Capital began coverage of LUV setting a rating of “Outperform” and a price target of $46.00. On July 27, 2016 the stock rating was set at “Neutral” by JP Morgan which is down from the previous “Overweight” rating.
On July 26 the stock rating was upgraded to “Outperform” from “” and a price target of $48.00 was set in an announcement from Evercore ISI Group. On July 25 the company was downgraded from “Buy” to “Outperform” with a current price target of $48.00 by Argus Research.
On July 25 Credit Suisse held the company rating at “Outperform” and lowered the price target from $53.00 to $48.00. On July 22 the company was changed to a “” in a report from Buckingham Research down from the previous “Buy” rating.