Alaska Air Group, Inc. (NYSE:ALK) has been assigned an average rating of “Buy” from the eighteen brokerages that are covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $72.67.
Several research firms have recently issued reports on ALK. TheStreet upgraded Alaska Air Group from a “c” rating to a “b” rating in a research report on Thursday, July 25th. Citigroup set a $66.00 target price on Alaska Air Group and gave the stock a “hold” rating in a research report on Friday, July 26th. Morgan Stanley decreased their target price on Alaska Air Group from $81.00 to $74.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. ValuEngine upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Macquarie lowered Alaska Air Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $79.00 to $63.00 in a research report on Monday, July 29th.
Shares of Alaska Air Group stock traded up $1.23 during trading on Wednesday, hitting $64.41. 18,471 shares of the company were exchanged, compared to its average volume of 1,284,469. The firm has a market capitalization of $7.83 billion, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 0.49 and a beta of 0.85. Alaska Air Group has a 1-year low of $53.39 and a 1-year high of $74.83. The firm’s fifty day moving average price is $62.70 and its 200 day moving average price is $61.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.63 and a quick ratio of 0.61.
Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, July 25th. The transportation company reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.11 by $0.06. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Alaska Air Group had a return on equity of 16.28% and a net margin of 6.00%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. As a group, equities research analysts anticipate that Alaska Air Group will post 5.96 earnings per share for the current year.
In other news, VP Kyle B. Levine sold 2,430 shares of Alaska Air Group stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $65.00, for a total transaction of $157,950.00. Following the transaction, the vice president now owns 8,039 shares in the company, valued at approximately $522,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.43% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Securian Asset Management Inc lifted its stake in Alaska Air Group by 1.4% in the 2nd quarter. Securian Asset Management Inc now owns 12,561 shares of the transportation company’s stock valued at $803,000 after acquiring an additional 171 shares in the last quarter. BancorpSouth Bank lifted its stake in Alaska Air Group by 2.5% in the 2nd quarter. BancorpSouth Bank now owns 7,930 shares of the transportation company’s stock valued at $507,000 after acquiring an additional 195 shares in the last quarter. A.R.T. Advisors LLC lifted its stake in Alaska Air Group by 1.5% in the 2nd quarter. A.R.T. Advisors LLC now owns 16,949 shares of the transportation company’s stock valued at $1,083,000 after acquiring an additional 256 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Alaska Air Group by 0.5% in the 2nd quarter. Retirement Systems of Alabama now owns 57,597 shares of the transportation company’s stock valued at $3,681,000 after acquiring an additional 269 shares in the last quarter. Finally, Alpha Windward LLC lifted its stake in Alaska Air Group by 3.9% in the 2nd quarter. Alpha Windward LLC now owns 7,757 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 292 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.
About Alaska Air Group
Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
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