Alaska Air Group (ALK) Rating Lowered to C+ at TheStreet

TheStreet cut shares of Alaska Air Group (NYSE:ALK) from a b- rating to a c+ rating in a research report sent to investors on Monday.

Several other brokerages have also recently issued reports on ALK. Zacks Investment Research raised Alaska Air Group from a sell rating to a hold rating in a research report on Tuesday, December 26th. Buckingham Research cut their target price on Alaska Air Group from $90.00 to $88.00 and set a buy rating on the stock in a research report on Friday, January 26th. Stifel Nicolaus reaffirmed a buy rating and set a $105.00 target price (down previously from $115.00) on shares of Alaska Air Group in a research report on Wednesday, January 10th. Standpoint Research assumed coverage on Alaska Air Group in a research report on Monday, December 18th. They issued a buy rating and a $90.00 price objective on the stock. Finally, Imperial Capital reissued an in-line rating and issued a $66.00 price objective (down previously from $70.00) on shares of Alaska Air Group in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alaska Air Group has an average rating of Hold and an average price target of $84.69.

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Shares of NYSE:ALK opened at $62.11 on Monday. The company has a market cap of $7,393.33, a P/E ratio of 9.35, a P/E/G ratio of 0.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 0.79. Alaska Air Group has a 12-month low of $57.60 and a 12-month high of $95.75.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. Alaska Air Group’s quarterly revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 earnings per share. research analysts predict that Alaska Air Group will post 5.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, February 16th. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio is currently 19.28%.

In other news, CEO Gary L. Beck sold 6,360 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $65.10, for a total transaction of $414,036.00. Following the transaction, the chief executive officer now owns 3,316 shares of the company’s stock, valued at approximately $215,871.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Brandon Pedersen sold 2,700 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $65.14, for a total value of $175,878.00. Following the transaction, the vice president now directly owns 26,888 shares in the company, valued at approximately $1,751,484.32. The disclosure for this sale can be found here. Insiders have sold a total of 13,373 shares of company stock worth $884,697 in the last ninety days. Insiders own 0.57% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Exane Derivatives bought a new stake in shares of Alaska Air Group during the 4th quarter valued at $105,000. Bank of Nova Scotia Trust Co. bought a new stake in shares of Alaska Air Group during the 3rd quarter valued at $153,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Alaska Air Group by 55.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 888 shares during the period. Wetherby Asset Management Inc. bought a new stake in shares of Alaska Air Group during the 4th quarter valued at $206,000. Finally, Virtu Financial LLC bought a new stake in shares of Alaska Air Group during the 3rd quarter valued at $215,000. Institutional investors own 86.33% of the company’s stock.

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About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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