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Imperial Capital Lowers Southwest Airlines (LUV) Price Target to $68.00

06 May 2018

That's change of 0.07, from 2017Q3's 0.89. (NYSE:LUV). Other Wall Street experts have also recently posted reports on these shares. 188 grew positions while 116 funds amassed positions.

From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect", a lowering of fares and increase in passenger traffic wherever the carrier serves. CFM itself had first recommended more inspections using ultrasound and electrical currents after an engine broke apart on another Southwest plane in 2016. (NYSE:LUV) stock has decreased in price by 3.01%.

A Southwest flight from Chicago to Newark had to make an emergency landing in Cleveland on Wednesday because of a cracked window. (NYSE:WTI) on Thursday, August 6 to "Neutral" rating.

Among 20 analysts covering Southwest Airlines Co. (NYSE:LUV) or 1,695 shares. Epoch Inv Prtn has invested 0.02% in Southwest Airlines Co. (NYSE:LUV) for 13,726 shares. Ameritas Inv Prtnrs Incorporated has 3,216 shares for 0.01% of their portfolio. Ayalon Holdings Ltd. acquired a new position in Southwest Airlines during the fourth quarter worth about $1,080,000. (NYSE:LUV). Missouri-based American Century Inc has invested 0.01% in Southwest Airlines Co. Brandywine Global Investment Mngmt Limited holds 0.23% or 592,507 shares in its portfolio. Northern Capital holds 1.34% or 79,195 shs. 24,808 were reported by Fdx Advsrs. (NYSE:NSP). Renaissance Techs Ltd Liability Co has 0.03% invested in Insperity, Inc.

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LUV registered $7.80 million net activity with 1 insider buy and 8 selling transactions since December 13, 2017. (NYSE:LUV) shares with value of $196,875 were bought by CUNNINGHAM WILLIAM H DR. 32,931 shares were sold by Jordan Robert E, worth $2.12M on Thursday, December 14. Southwest Airlines's revenue for the quarter was up 1.9% on a year-over-year basis. On Tuesday, February 27 Wells Gregory D sold $490,066 worth of Southwest Airlines Co. MONTFORD JOHN T also sold $107,240 worth of Southwest Airlines Co. Over the last 90 days, insiders sold 108,473 shares of company stock worth $6,296,091.

Connors Investor Services Inc increased its stake in Insperity Inc (NSP) by 97.37% based on its latest 2017Q4 regulatory filing with the SEC. Hedge funds and other institutional investors own 80.26% of the company's stock. Fayez Sarofim & Company who had been investing in Southwestairlinesco for a number of months, seems to be bullish on the $30.74B market cap company. The company has a market capitalization of $31,126.13, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.87 and a beta of 1.16. The stock underperformed the S&P 500 by 4.35%. It also reduced its holding in Coca (NYSE:KO) by 549,825 shares in the quarter, leaving it with 22.40M shares, and cut its stake in Airproducts&Chemicals (NYSE:APD). Southwest will ramp up slowly, most likely starting with just one route between Hawaii and the West Coast, Southwest president Tom Nealon said in an earnings call last week. More interesting news about Southwest Airlines Co. (NYSE:LUV) for 1,080 shs.

A number of equities research analysts have recently weighed in on the company. Therefore 60% are positive. Southwest Airlines Co. had 73 analyst reports since July 30, 2015 according to SRatingsIntel. On Tuesday, April 17 the stock of Southwest Airlines Co. Cowen gave the stock an Outperform rating, while setting a price target at $65 in a research note from Friday, April 27th, 2018. (NYSE:LUV) earned "Buy" rating by Stephens on Tuesday, April 17. Morgan Stanley maintained it with "Overweight" rating and $69 target in Thursday, April 12 report.

Imperial Capital Lowers Southwest Airlines (LUV) Price Target to $68.00