Bank of America Securities Sticks to Their Sell Rating for Southwest Airlines (LUV)

In a report released today, Andrew Didora from Bank of America Securities maintained a Sell rating on Southwest Airlines, with a price target of $37.00.

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According to TipRanks, Didora is a 3-star analyst with an average return of 1.3% and a 54.72% success rate. Didora covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Alaska Air.

The word on The Street in general, suggests a Hold analyst consensus rating for Southwest Airlines with a $45.19 average price target.

Based on Southwest Airlines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.44 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $6.93 billion and had a net profit of $261 million

Based on the recent corporate insider activity of 44 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. Last month, Justin Jones, the EVP Operations of LUV sold 8,085.00 shares for a total of $302,055.60.