Bernstein Upgrades Southwest Airlines Stock, But Still Sees Risk To The Downside
Bernstein Upgrades Southwest Airlines Stock, But Still Sees Risk To The Downside
Bernstein Research analyst David Vernon upgraded Southwest Airlines Company (NYSE:LUV) from Underperform to Market Perform and raised the price target from $26 to $32 on Tuesday, citing a change in sentiment on domestic pricing.
伯恩斯坦研究分析師戴維·弗農週二將西南航空公司（紐約證券交易所代碼：LUV）從表現不佳上調至市場表現，並將目標股價從26美元上調至32美元，理由是國內定價情緒發生了變化。
In a new note to clients, Vernon highlighted resiliency in travel demand and positive commentary from airline management teams during the recent earnings cycle which has led Bernstein to anticipate stronger development in the domestic market than it had previously forecasted.
弗農在給客戶的一份新報告中強調了旅行需求的彈性，以及航空公司管理團隊在最近的業績週期中發表的積極評論，這使伯恩斯坦預測國內市場的發展將強於先前的預期。
The Bernstein analyst pointed to a more moderate capacity forecast due to slowing deliveries from Boeing, equipment availability issues at Spirit and Frontier Airlines' shift out of competitive markets. When combined with strong travel demand, Bernstein believes a positive revision to revenue forecasts is appropriate.
伯恩斯坦分析師指出，由於波音交付放緩，Spirit和Frontier Airlines退出競爭市場的設備可用性問題，運力預測更爲溫和。伯恩斯坦認爲，再加上強勁的旅行需求，積極調整收入預測是適當的。
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The Bernstein analyst noted, however, that it will be difficult for Southwest to increase its returns on capital to pre-Covid levels. Vernon also cautioned that Southwest's elevated valuation leaves it more vulnerable to shifts in the domestic travel pricing environment.
但是，伯恩斯坦分析師指出，西南航空很難將其資本回報率提高到COVID之前的水平。弗農還警告說，西南航空估值的上升使其更容易受到國內旅行定價環境變化的影響。
Although Bernstein upgraded the stock to Market Perform, the firm continues to see more downside risk in the airline stock than upside potential. Southwest Airlines shares are currently trading above Bernstein's 12-month price target of $32.
儘管伯恩斯坦將該股上調至市場表現，但該公司仍然認爲航空股的下行風險大於上行潛力。西南航空股票目前的交易價格高於伯恩斯坦12個月的32美元目標股價。
LUV Stock Forecast in 2030
2030 年 LUV 股票預測
While past performance is not a direct indicator of future results, investors should have an idea of a stock's historical growth rate and systemic risk. Southwest Airlines has grown -8.16% over the past five years compared to 12.52% growth in the S&P 500. Southwest Airlines also has a beta of 1.49, suggesting high volatility when compared to the S&P 500.
儘管過去的表現不是未來業績的直接指標，但投資者應該了解股票的歷史增長率和系統性風險。西南航空在過去五年中增長了-8.16％，而標準普爾500指數的增長率爲12.52％。西南航空的beta值也爲1.49，這表明與標準普爾500指數相比波動性很大。
Southwest Airlines operates in the Industrials sector and has a forward P/E ratio of 17.89, which is below the S&P 500 average of 22.44. A lower ratio suggests that investors are paying a low price today for expected future returns.
西南航空在工業板塊開展業務，遠期市盈率爲17.89，低於標準普爾500指數的平均水平22.44。較低的比率表明投資者今天爲預期的未來回報付出了低廉的代價。
Growth stocks can generate high returns over the long term but can also be more volatile and considered riskier. Conversely, a lower ratio generally indicates more stable revenues and less expected volatility.
從長遠來看，成長型股票可以產生高回報，但也可能更具波動性，被認爲風險更大。相反，較低的比率通常表示收入更穩定，預期的波動性更小。
For access to advanced charting and analysis tools and stock data, check out Benzinga PRO. Try it for free.
要訪問高級製圖和分析工具以及股票數據，請查看 Benzinga PRO。免費試用。
LUV Price Action: According to Benzinga Pro, Southwest Airlines shares were up 1.12% at $34.31 at the time of publication.
LUV價格走勢：根據Benzinga Pro的數據，西南航空的股價在發佈時上漲了1.12％，至34.31美元。
Image: Around the World Photos via Shutterstock
圖片：通過 Shutterstock 拍攝的環遊世界照片