Bank of America Securities Keeps Their Buy Rating on Southwest Airlines (LUV)

In a report released on January 27, Andrew Didora from Bank of America Securities reiterated a Buy rating on Southwest Airlines (LUVResearch Report), with a price target of $42.00. The company’s shares closed last Friday at $36.24.

According to TipRanks, Didora is an analyst with an average return of -6.4% and a 50.00% success rate. Didora covers the Industrial Goods sector, focusing on stocks such as Southwest Airlines, Alaska Air, and Delta Air Lines.

In addition to Bank of America Securities, Southwest Airlines also received a Buy from Cowen & Co.’s Helane Becker in a report issued on January 27. However, on January 11, Susquehanna downgraded Southwest Airlines (NYSE: LUV) to a Hold.

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LUV market cap is currently $21.52B and has a P/E ratio of 45.85.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Southwest Airlines Co. is a passenger airline which provides scheduled air transportation in the United States and near-international markets. As of Dec. 31, 2020, the air carrier operated a total fleet of 718 Boeing 737 aircrafts and covered 107 destinations.

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