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JP Morgan upgraded Southwest Airlines Co. (NYSE:LUV) from Neutral to Overweight in a report released today.

JP Morgan has upgraded Southwest Airlines Co. (NYSE:LUV) from Neutral to Overweight in a report released on 9/15/2017.

Yesterday Southwest Airlines Co. (NYSE:LUV) traded 0.22% higher at $54.43. The company’s 50-day moving average is $53.80 and its 200-day moving average is $56.94. The last stock close price is down -4.33% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 2,325,493 shares of the stock were exchanged, down from an average trading volume of 5,340,850

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Southwest Airlines Co. (NYSE:LUV)

Southwest Airlines Co. has a 52 week low of $36.31 and a 52 week high of $64.39 with a P/E ratio of 16.70 Southwest Airlines Co.’s market capitalization is currently $0.

In addition to JP Morgan reporting its stock price target, a total of 14 brokers have issued a research note on the company. The average stock price target is $54.82 with 6 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Southwest Airlines Co. (NYSE:LUV)

Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest's EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest's respective policies. Southwest's Rapid Rewards frequent flyer program enables program members (Members) to earn points for every dollar spent on Southwest fares. Its Internet Website, Southwest.com, is an avenue for Southwest customers to purchase and manage travel online. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba.

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