The Alaska Air Group Inc. (ALK) Receives Average Rating of “Buy” from Analysts

The Alaska Air Group Inc. (ALK) Receives Average Rating of “Buy” from Analysts

Shares of Alaska Air Group Inc. (NYSE:ALK) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the company. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $90.29.

A number of equities analysts recently commented on ALK shares. Imperial Capital started coverage on Alaska Air Group in a report on Friday, September 23rd. They set an “in-line” rating and a $74.00 target price for the company. Buckingham Research raised Alaska Air Group from a “neutral” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Thursday, October 13th. Zacks Investment Research lowered Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. Vetr lowered Alaska Air Group from a “buy” rating to a “sell” rating and set a $72.00 price target on the stock. in a research report on Thursday, October 20th. Finally, Bank of America Corp. reaffirmed a “neutral” rating and issued a $78.00 price target (up previously from $72.00) on shares of Alaska Air Group in a research report on Sunday, October 23rd.

Alaska Air Group (NYSE:ALK) opened at 94.22 on Friday. The company has a market capitalization of $11.61 billion, a P/E ratio of 13.21 and a beta of 0.77. Alaska Air Group has a one year low of $54.51 and a one year high of $94.80. The firm has a 50-day moving average of $88.81 and a 200-day moving average of $73.81.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 20th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.13. Alaska Air Group had a return on equity of 34.91% and a net margin of 15.40%. The company earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business posted $2.16 EPS. Alaska Air Group’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts anticipate that Alaska Air Group will post $7.11 earnings per share for the current year.

In other Alaska Air Group news, Chairman Bradley D. Tilden sold 3,400 shares of Alaska Air Group stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $70.40, for a total value of $239,360.00. Following the transaction, the chairman now directly owns 23,900 shares in the company, valued at approximately $1,682,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bradley D. Tilden sold 5,600 shares of Alaska Air Group stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $87.91, for a total value of $492,296.00. Following the completion of the transaction, the chairman now owns 23,900 shares in the company, valued at $2,101,049. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,455 shares of company stock worth $3,140,898. 0.68% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Alaska Air Group by 146.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock valued at $121,000 after buying an additional 1,233 shares during the period. Pacer Advisors Inc. increased its position in shares of Alaska Air Group by 9.1% in the second quarter. Pacer Advisors Inc. now owns 2,169 shares of the company’s stock valued at $126,000 after buying an additional 181 shares during the period. SRB Corp increased its position in shares of Alaska Air Group by 8.4% in the third quarter. SRB Corp now owns 2,301 shares of the company’s stock valued at $152,000 after buying an additional 179 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Alaska Air Group during the third quarter valued at $165,000. Finally, Toronto Dominion Bank bought a new position in shares of Alaska Air Group during the third quarter valued at $167,000. Institutional investors own 88.11% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company’s segments include 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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