Stock Rating Upgrade
The Value Trend Rating for Southwest Airlines Co. (NYSE: LUV) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/18/24, Southwest Airlines Co. (NYSE: LUV) stock declined modestly by -1.2%, closing at $28.01. However, this decline was accompanied by below average trading volume at 80% of normal. The stock has declined -18.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LUV is expected to continue to be an important Value Builder.
Southwest Airlines Co has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Southwest Airlines Co has a neutral Appreciation Score of 52 and a neutral Power Rating of 41, leading to the Low Neutral Value Trend Rating.
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