Shares of Alaska Air Group (NYSE:ALK) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $83.77.
A number of brokerages have weighed in on ALK. Zacks Investment Research upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Buckingham Research decreased their target price on shares of Alaska Air Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Stifel Nicolaus reiterated a “buy” rating and set a $105.00 target price (down from $115.00) on shares of Alaska Air Group in a research note on Wednesday, January 10th. Morgan Stanley boosted their target price on shares of Alaska Air Group from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 16th. Finally, Imperial Capital reiterated an “in-line” rating and set a $71.00 target price (up from $68.00) on shares of Alaska Air Group in a research note on Tuesday.
In other news, VP Christopher Michael Berry sold 460 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total value of $44,620.00. Following the completion of the sale, the vice president now directly owns 1,997 shares in the company, valued at approximately $193,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $414,036.00. Following the completion of the sale, the chief executive officer now owns 3,316 shares of the company’s stock, valued at $215,871.60. The disclosure for this sale can be found here. Insiders sold a total of 13,373 shares of company stock valued at $884,697 over the last 90 days. 0.56% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Alaska Air Group by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 1,371,750 shares of the transportation company’s stock worth $100,681,000 after buying an additional 42,290 shares during the period. Elkfork Partners LLC bought a new position in shares of Alaska Air Group during the 4th quarter valued at about $3,448,000. Bellwether Investment Group LLC bought a new position in shares of Alaska Air Group during the 4th quarter valued at about $252,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Alaska Air Group by 57.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 12,881 shares of the transportation company’s stock valued at $947,000 after purchasing an additional 4,699 shares during the last quarter. Finally, Mitchell Capital Management Co. bought a new position in shares of Alaska Air Group during the 4th quarter valued at about $255,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
NYSE ALK traded up $1.13 during mid-day trading on Wednesday, reaching $66.39. The stock had a trading volume of 2,327,162 shares, compared to its average volume of 2,597,903. Alaska Air Group has a 1 year low of $57.60 and a 1 year high of $95.75. The firm has a market cap of $8,500.29, a P/E ratio of 10.00, a PEG ratio of 1.56 and a beta of 0.75. The company has a quick ratio of 0.77, a current ratio of 0.71 and a debt-to-equity ratio of 0.60.
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 analysts’ consensus estimates of $0.11 by $0.03. Alaska Air Group had a net margin of 11.64% and a return on equity of 20.43%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. equities analysts expect that Alaska Air Group will post 5.71 earnings per share for the current fiscal year.
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Alaska Air Group Company Profile
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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