Shares of Alaska Air Group, Inc. (NYSE:ALK) have been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $83.00.
Several brokerages have recently weighed in on ALK. Imperial Capital reiterated an “in-line” rating and set a $71.00 price objective (up from $68.00) on shares of Alaska Air Group in a report on Tuesday, April 24th. ValuEngine lowered shares of Alaska Air Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Citigroup cut their price objective on shares of Alaska Air Group from $73.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, May 29th. Morgan Stanley cut their price objective on shares of Alaska Air Group from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Thursday, April 12th. Finally, Zacks Investment Research lowered shares of Alaska Air Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th.
In other Alaska Air Group news, EVP Andrew R. Harrison sold 1,600 shares of the stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $61.87, for a total value of $98,992.00. Following the completion of the sale, the executive vice president now owns 22,492 shares of the company’s stock, valued at $1,391,580.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. Asset Management One Co. Ltd. grew its position in Alaska Air Group by 307.9% in the first quarter. Asset Management One Co. Ltd. now owns 2,178 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 1,644 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Alaska Air Group by 55.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after acquiring an additional 888 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in Alaska Air Group in the fourth quarter valued at approximately $206,000. Nwam LLC acquired a new stake in Alaska Air Group in the fourth quarter valued at approximately $214,000. Finally, BDO Wealth Advisors LLC grew its position in Alaska Air Group by 485.0% in the first quarter. BDO Wealth Advisors LLC now owns 3,071 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 2,546 shares in the last quarter. 93.35% of the stock is owned by institutional investors.
Shares of Alaska Air Group traded up $0.86, hitting $62.50, during trading hours on Thursday, Marketbeat reports. 2,403,159 shares of the company were exchanged, compared to its average volume of 2,491,677. The firm has a market cap of $7.75 billion, a P/E ratio of 9.41 and a beta of 0.76. Alaska Air Group has a 1 year low of $57.53 and a 1 year high of $95.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.71 and a quick ratio of 0.69.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Monday, April 23rd. The transportation company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.83 billion. Alaska Air Group had a net margin of 11.64% and a return on equity of 20.43%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. analysts expect that Alaska Air Group will post 5.28 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Tuesday, May 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date was Monday, May 21st. Alaska Air Group’s dividend payout ratio (DPR) is 19.28%.
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.
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