(LUV) Shares now down at $54.81 Southwest Airlines Facilities…

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Southwest Airlines Company (NYSE:LUV):

Southwest Airlines Facilities Maintenance Technicians Vote to Ratify Agreement.

In the market the company is trading down by 0.83% since yesterday’s close of 55.27.

Southwest Airlines Co. (Southwest), launched on March 9, 1967, operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest provides point-to-point service. 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. During the fiscal year ended December 31, 2016, the Company commenced international service out of Los Angeles International Airport by introducing service to Liberia, Costa Rica, and later to three airports in Mexico’s coastal regions: Cancun, San Jose del Cabo/Los Cabos and Puerto Vallarta. Southwest bundles fares into three categories: Wanna Get Away, Anytime and Business Select..

The company’s P/E ratio is 15.69 and the market value is 32.52B. As of the latest earnings report the EPS was $3.49 with 593.39M shares outstanding.

Investors are more bullish on the company if you take into consideration the fall in short interest. The firm saw a fall in short interest of -9.35% between September 29, 2017 and October 13, 2017. Short shares fell from 9,715,270 to 8,807,103 over that timeframe. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares is 0.01% as of October 13.

Wall Street investment firms have released ratings on LUV recently. On November 1 Stifel Nicolaus kept the company rating at “Buy” with a current price target of $80.00. Equity analyst J P Morgan Chase & Co raised the price target of the stock on November 1 changing the price objective from $66.00 to $67.00 and issued a “Overweight” recommendation.

October 27 investment analysts at Cowen and Company kept the stock rating at “Outperform” targeting a price of $64.00. On October 27 Deutsche Bank AG maintained a company rating of “Buy” projecting a price of $71.00.

Equity analyst Macquarie released guidance on LUV setting a rating of “Outperform”.