Professional
Added to YB: 2024-03-13
Pitch date: 2024-03-12
LUV [bullish]
Southwest Airlines Co.
+48.39%
current return
Author Info
No bio for this author
Company Info
Southwest Airlines Co. operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets.
Market Cap
$21.1B
Pitch Price
$27.75
Price Target
40.00 (-3%)
Dividend
1.77%
EV/EBITDA
5.60
P/E
61.26
EV/Sales
0.85
Sector
Passenger Airlines
Category
value
Southwest Airlines Co.: Upgrading to BUY with a $40 target
LUV (Southwest Airlines Co.): ARGUS upgrades to BUY, $40 PT. Improved outlook with controlled capacity growth, ups 2024 EPS from $2.00 to $2.40, 2025 to $2.80. Reinstated dividend $0.72 for 2024, YTD stock +20%, underscoring higher Rev per Available Seat, load factors & margins. Debt 43% of total cap.
Read full article (4 min)