Shares of Alaska Air Group Inc. (NYSE:ALK) have received an average rating of “Buy” from the seventeen research firms that are currently covering the stock. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $84.47.
A number of analysts have recently commented on ALK shares. Vetr upgraded Alaska Air Group from a “buy” rating to a “strong-buy” rating and set a $81.75 target price on the stock in a research note on Wednesday, September 7th. Cowen and Company restated a “buy” rating on shares of Alaska Air Group in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. Imperial Capital started coverage on Alaska Air Group in a research note on Friday, September 23rd. They issued an “in-line” rating and a $74.00 target price on the stock. Finally, Raymond James Financial Inc. downgraded Alaska Air Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $105.00 to $88.00 in a research note on Tuesday, June 14th.
In related news, VP Mark G. Eliasen sold 2,884 shares of the stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $65.00, for a total value of $187,460.00. Following the completion of the sale, the vice president now owns 5,302 shares of the company’s stock, valued at $344,630. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Tamara S. Young sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $67.37, for a total value of $134,740.00. Following the completion of the sale, the vice president now directly owns 3,490 shares of the company’s stock, valued at approximately $235,121.30. The disclosure for this sale can be found here. 0.68% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Investec Asset Management North America Inc. boosted its stake in Alaska Air Group by 40.1% in the first quarter. Investec Asset Management North America Inc. now owns 12,728 shares of the company’s stock valued at $1,044,000 after buying an additional 3,644 shares in the last quarter. Huntington Asset Advisors Inc. bought a new stake in Alaska Air Group during the first quarter valued at approximately $509,000. Landscape Capital Management L.L.C. bought a new stake in Alaska Air Group during the first quarter valued at approximately $1,263,000. Bessemer Group Inc. boosted its stake in Alaska Air Group by 122.4% in the first quarter. Bessemer Group Inc. now owns 3,407 shares of the company’s stock valued at $279,000 after buying an additional 1,875 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in Alaska Air Group during the first quarter valued at approximately $2,600,000. 88.73% of the stock is owned by hedge funds and other institutional investors.
Alaska Air Group (NYSE:ALK) opened at 69.09 on Tuesday. Alaska Air Group has a 52-week low of $54.51 and a 52-week high of $87.17. The stock’s 50 day moving average price is $67.38 and its 200-day moving average price is $68.27. The stock has a market capitalization of $8.50 billion, a PE ratio of 9.57 and a beta of 0.88.
Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, July 21st. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.03. Alaska Air Group had a return on equity of 36.88% and a net margin of 15.86%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts expect that Alaska Air Group will post $7.05 EPS for the current fiscal year.
Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.
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