Analysts at Deutsche Bank Kept their “Buy” rating for Southwest Airlines (LUV) with $66 PT; Buckingham Capital Management Trimmed By $1.06 Million Its Penske Automotive Group Co (PAG) Holding

June 16, 2018 - By Stephen Andrade

Southwest Airlines Co. (NYSE:LUV) Logo

Buckingham Capital Management Inc decreased Penske Automotive Group Inc Co (PAG) stake by 20.93% reported in 2018Q1 SEC filing. Buckingham Capital Management Inc sold 24,004 shares as Penske Automotive Group Inc Co (PAG)’s stock rose 0.46%. The Buckingham Capital Management Inc holds 90,660 shares with $4.02 million value, down from 114,664 last quarter. Penske Automotive Group Inc Co now has $4.31B valuation. The stock increased 0.54% or $0.27 during the last trading session, reaching $50.68. About 290,410 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has risen 13.29% since June 16, 2017 and is uptrending. It has outperformed by 0.72% the S&P500. Some Historical PAG News: ; 01/05/2018 – Folio: Once a Side Gig, Licensing Has Become a Crucial Revenue Source for PublishersExecs from Meredith Corp., Penske Media, an; 27/03/2018 – MITSUI & CO LTD SAYS ENTERED INTO SHARE PURCHASE AGREEMENT WITH PENSKE AUTOMOTIVE GROUP – SEC FILING; 05/03/2018 Penske Truck Leasing Digitizes Truck Fleet Preventive Maintenance Processes; 13/04/2018 – Hong Kong’s PAG plans up to $6 bln new Asia private equity fund; 25/04/2018 – Penske Automotive Group Reports 31% Profit Rise in 1Q; 27/03/2018 – PENSKE IN SHARE PURCHASE AGREEMENT W/ MITSUI JAPAN, MITSUI USA; 11/04/2018 – JOYSON, PAG FUND KSS TO BUY AIR-BAG MAKER TAKATA IN ASSET DEAL; 11/04/2018 – JOYSON & PAG FUND KSS TO BUY TAKATA FOR $1.588B; 05/03/2018 – Fitch Expects to Rate Penske’s Senior Unsecured Notes ‘BBB+’; 11/05/2018 – Penske Automotive Elects Wolfgang Durheimer as New Bd Member

New York: In a report issued to investors and clients on 11 June, Deutsche Bank kept their “Buy” rating on shares of Southwest Airlines (NYSE:LUV). They currently have a $66 target price per share on the firm. Deutsche Bank’s target indicates a potential upside of 26.49% from the company’s stock close price.

The stock increased 0.46% or $0.24 during the last trading session, reaching $52.18. About 8.64 million shares traded or 45.08% up from the average. Southwest Airlines Co. (NYSE:LUV) has declined 13.23% since June 16, 2017 and is downtrending. It has underperformed by 25.80% the S&P500. Some Historical LUV News: 20/04/2018 – The manufacturer of the Southwest plane’s engine that exploded is about to recommend more inspections; 02/05/2018 – LUV: @SouthwestAir #WN957 diverts and makes emergency landing in CLE due to busted window; 16/05/2018 – SOUTHWEST CANCELED 500 FLIGHTS TO ALLOW FOR FAN BLADE REVIEWS; 16/05/2018 – LUV: AUDITING INTERNAL RECORDS TO BE SURE EVERY BLADE EXAMINED; 26/04/2018 – Southwest Air Says No Cracks Found in Engine Blade Checks So Far; 16/05/2018 – LUV CEO: CANADA FLIGHTS MAY MOVE UP PRIORITY LIST POST HAWAII; 03/04/2018 – SOUTHWEST CEO SAYS NEW JETS COULD BE ADDITIONS, REPLACEMENTS; 20/04/2018 – FEDERAL AVIATION ADMINISTRATION ANNOUNCES EMERGENCY DIRECTIVE MANDATING NEW INSPECTIONS FOR SOME 350 U.S. CFM56-7B ENGINES WITHIN 20 DAYS — STATEMENT; 26/04/2018 – SOUTHWEST SAYS LOSS OF SINGLE FAN BLADE IN ENGINE BLOWOUT ‘JUST SHOULDN’T HAVE CAUSED’ THAT DRAMATIC AN IMPACT; 17/04/2018 – NTSB: One Dead After Southwest Airlines Jet Emergency Landing

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.08, from 0.96 in 2017Q4. It is negative, as 79 investors sold Southwest Airlines Co. shares while 249 reduced holdings. 65 funds opened positions while 222 raised stakes. 440.55 million shares or 2.72% less from 452.86 million shares in 2017Q4 were reported. Impala Asset Mgmt Limited Liability Company holds 3.54% or 1.39M shares. Fdx Advsr holds 0.05% or 27,288 shares in its portfolio. Aperio Lc owns 295,897 shares for 0.08% of their portfolio. White Pine Limited Liability Company, a Minnesota-based fund reported 3,777 shares. Janney Montgomery Scott Lc has invested 0.04% in Southwest Airlines Co. (NYSE:LUV). Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.02% in Southwest Airlines Co. (NYSE:LUV). Davenport And Ltd Limited Liability Company invested 0% in Southwest Airlines Co. (NYSE:LUV). Apg Asset Mngmt Nv reported 4.04 million shares. Huntington Bank has invested 0.01% in Southwest Airlines Co. (NYSE:LUV). Hilltop has 6,706 shares. First Quadrant Limited Partnership Ca reported 446,531 shares or 0.49% of all its holdings. First Allied Advisory invested 0.06% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Teachers Retirement System Of The State Of Kentucky reported 327,868 shares. British Columbia Investment Mgmt holds 162,808 shares. First Republic Incorporated holds 0.02% in Southwest Airlines Co. (NYSE:LUV) or 39,693 shares.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on July, 26. They expect $1.35 earnings per share, up 8.87% or $0.11 from last year’s $1.24 per share. LUV’s profit will be $782.73M for 9.66 P/E if the $1.35 EPS becomes a reality. After $0.75 actual earnings per share reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts 80.00% EPS growth.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $30.25 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 9.01 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

Among 22 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. Southwest Airlines Co. has $106 highest and $41 lowest target. $63.20’s average target is 21.12% above currents $52.18 stock price. Southwest Airlines Co. had 81 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Tuesday, May 29. Cowen & Co maintained the stock with “Outperform” rating in Friday, July 22 report. The stock of Southwest Airlines Co. (NYSE:LUV) has “Overweight” rating given on Tuesday, March 29 by Stephens. The stock of Southwest Airlines Co. (NYSE:LUV) has “Buy” rating given on Friday, November 18 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 27. The firm earned “Buy” rating on Thursday, May 25 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Monday, May 29. The firm has “Overweight” rating by JP Morgan given on Wednesday, November 1. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, January 30. Cowen & Co maintained the shares of LUV in report on Friday, June 24 with “Outperform” rating.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “Southwest, Delta respond to Dallas’ proposal to solve Love Field dispute” on June 14, 2018, also Seekingalpha.com with their article: “Fuel Hedging To Help Southwest, Not Peers” published on June 06, 2018, Benzinga.com published: “Wall Street Subdued As Trump-Kim Summit Statement Light On Details” on June 12, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Bizjournals.com and their article: “Southwest Airlines eyes new international routes” published on May 18, 2018 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Advanced Micro Devices, Delphi, Domino’s Pizza, Southwest Airlines, Square …” with publication date: June 15, 2018.

Since February 12, 2018, it had 1 insider purchase, and 6 selling transactions for $5.57 million activity. The insider KELLY GARY C sold 27,271 shares worth $1.58 million. Shares for $196,875 were bought by CUNNINGHAM WILLIAM H DR on Monday, February 12. The insider Wells Gregory D sold $490,066. 2,300 shares were sold by Romo Tammy, worth $133,466. 10,000 shares were sold by BROOKS DOUGLAS H, worth $600,491 on Tuesday, March 13. Van de Ven Michael G had sold 31,099 shares worth $1.78 million.

Another recent and important Penske Automotive Group, Inc. (NYSE:PAG) news was published by Bizjournals.com which published an article titled: “Penske Truck Leasing Co. opens largest Houston facility, hiring” on June 01, 2018.

Since March 27, 2018, it had 1 insider purchase, and 3 selling transactions for $50.15 million activity. 1.13M shares were sold by MITSUI & CO LTD, worth $50.00M on Tuesday, March 27. MCWATERS KIMBERLY J sold $242,886 worth of stock or 5,000 shares. THOMPSON H BRIAN bought 4,000 shares worth $194,056. The insider Spradlin Shane M. sold 2,150 shares worth $103,953.

Among 10 analysts covering Penske Automotive Group (NYSE:PAG), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Penske Automotive Group had 15 analyst reports since October 14, 2015 according to SRatingsIntel. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Positive” rating given on Thursday, February 2 by Susquehanna. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, March 14. The rating was downgraded by KeyBanc Capital Markets to “Sector Perform” on Tuesday, June 28. The firm has “Buy” rating by Northcoast given on Thursday, September 28. The firm earned “Neutral” rating on Tuesday, August 9 by Seaport Global. Bank of America maintained it with “Buy” rating and $60 target in Friday, February 9 report. On Thursday, August 31 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. On Thursday, October 13 the stock rating was downgraded by Evercore to “Sell”. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Hold” rating given on Monday, November 13 by KeyBanc Capital Markets. The stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Buy” rating given on Friday, April 28 by Gabelli.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.18, from 1.08 in 2017Q4. It is negative, as 29 investors sold PAG shares while 72 reduced holdings. 36 funds opened positions while 55 raised stakes. 35.06 million shares or 1.98% more from 34.38 million shares in 2017Q4 were reported. Advisory Serv Network Ltd Co invested 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Moreover, Koch has 0.05% invested in Penske Automotive Group, Inc. (NYSE:PAG). Parallax Volatility Advisers LP holds 1,181 shares. Lpl Fincl Limited Co has 0% invested in Penske Automotive Group, Inc. (NYSE:PAG). Everett Harris & Ca owns 25,499 shares for 0.03% of their portfolio. Commonwealth Retail Bank Of Australia has invested 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). 1,029 are owned by Metropolitan Life Ins. Assetmark Inc has invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). Steinberg Glob Asset Mgmt, a Florida-based fund reported 6,297 shares. 67,500 were reported by Swiss Bancshares. Gotham Asset Mngmt Ltd Company, a New York-based fund reported 77,915 shares. State Of New Jersey Common Pension Fund D reported 154,750 shares. London Of Virginia owns 2.42 million shares. Dimensional Fund Advisors LP invested in 0.06% or 3.08M shares. Quantbot Technologies Ltd Partnership stated it has 0.1% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG).

Buckingham Capital Management Inc increased Lowes Cos Inc Com Stk (NYSE:LOW) stake by 51,246 shares to 91,047 valued at $7.99M in 2018Q1. It also upped Alphabet Inc Class C stake by 389 shares and now owns 13,452 shares. Csx Corp Com (NYSE:CSX) was raised too.

Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on July, 26. They expect $1.42 EPS, up 11.81% or $0.15 from last year’s $1.27 per share. PAG’s profit will be $120.68 million for 8.92 P/E if the $1.42 EPS becomes a reality. After $1.25 actual EPS reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts 13.60% EPS growth.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Positions Chart

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