Why Southwest Airlines Company (NYSE:LUV) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.81 on Southwest Airlines Company (NYSE:LUV) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.12 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Southwest Airlines Company (NYSE:LUV) stands at 11.50. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Southwest Airlines Company Comm, the PEG ratio for coming 3-5 years is 0.54. Technical Analysis The technical analysis highlights that Southwest Airlines Company Comm current price is trading $-2.28 points away -5.52% from $41.33, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $41.97 and, for now, the stock price is trading $-2.92 or -6.97% away from that point. The 52-week high of Southwest Airlines Company (NYSE:LUV) was $51.34 while lowest point recorded in 52-week was $32.25. It implies if stock price makes a movement of over $-12.29, it will record a new 52-week high. In the case of $+21.09% points drop, it will touch a new 52-week low.

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