Other analysts have it rising as high as $32 a share. The stock is currently trading at $24 a share, but Becker thinks it will $26 over the next 12 months. For all of 2014, her estimate is now $1.40 up from $1.30. In her most recent report, Becker increased her earnings per share forecast from $0.14 to $0.17. “That will likely lead to a larger build-out when their international gateways open,” she writes. It’ll only go to to Mexico and the Caribbean at first, but Becker thinks it will expand to other non-U.S. It’s also going to start flying internationally this year. It’s said it will add 15 new non-stop routes in October. In October the Wright Amendment, a piece of legislation that limited the number of planes allowed to fly out of Dallas’ Love Field, will be repealed and that will be a boon to the airline. While other metrics, such as trips flown and passengers carried were down, overall the numbers have looked good this year, writes Helane Becker, an analyst with Cowen and Company, in a March report.Īirline demand is picking up as the economy improves-traffic tends to grow in line or a little faster than gross domestic product-but Southwest could exceed overall growth with some new route offerings. Load factor-the percentage of a plane filled with paying passengers-was also up to 82.7% from 82% a year earlier. (LUV) stock quote, history, news and other vital information to help you with your stock trading and investing. In March, the company flew 9.6 billion revenue passenger miles-the amount of miles each paying passenger has flown-and that’s up 1.6% over the same period last year. The average price target represents a 37.37 change from the. Part of the reason for the optimism is increasing traffic load. The average price target is 39.33 with a high forecast of 63.00 and a low forecast of 32.00. The popular Dallas-based company has also done well over the last year-it’s up 84%-but analysts think it still has room to grow. If you’re thinking that maybe the company’s equity has had a bit too good of a run, but still want to own an airline, here’s an alternative: Southwest Airlines Co. Over the last 12 months its stock is up about 135%. All Rights Reserved.Anyone who has paid any attention to the stock market over the last year will have noticed Air Canada’s dramatic rise. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Volatility Over Time: LUVs weekly volatility (4) has been stable over the past year. It was a well-respected in some cases, even. Stable Share Price: LUV is less volatile than 75 of US stocks over the past 3 months, typically moving +/- 4 a week. Factset: FactSet Research Systems Inc.2019. Southwest isnt a fly-by-night operation, or a bare-bones discount airline where customers have low expectations and misery is part of the bargain. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes.
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