Shares of Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $58.91.
Several analysts have recently commented on the stock. Morgan Stanley reduced their price objective on shares of Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, October 2nd. Susquehanna cut their price objective on shares of Alaska Air Group from $58.00 to $41.00 and set a “positive” rating on the stock in a research report on Wednesday, October 11th. StockNews.com started coverage on Alaska Air Group in a research report on Thursday, October 5th. They issued a “hold” rating for the company. The Goldman Sachs Group cut their price target on Alaska Air Group from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, July 25th. Finally, Barclays decreased their price objective on Alaska Air Group from $62.00 to $50.00 in a report on Thursday, October 5th.
Institutional Trading of Alaska Air Group
Alaska Air Group Stock Up 1.5 %
Shares of NYSE:ALK opened at $36.76 on Friday. The business has a fifty day simple moving average of $35.17 and a 200 day simple moving average of $42.98. Alaska Air Group has a 12-month low of $30.75 and a 12-month high of $57.18. The firm has a market cap of $4.71 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.82 and a beta of 1.58. The company has a quick ratio of 0.69, a current ratio of 0.72 and a debt-to-equity ratio of 0.79.
Alaska Air Group (NYSE:ALK – Get Free Report) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.04). Alaska Air Group had a return on equity of 17.06% and a net margin of 2.50%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the business posted $2.53 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Analysts predict that Alaska Air Group will post 4.43 earnings per share for the current year.
Alaska Air Group Company Profile
Alaska Air Group, Inc, through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada.
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