Alaska Air Group, Inc. (NYSE:ALK) Receives $65.92 Average PT from Brokerages

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $66.83.

Several analysts have issued reports on ALK shares. Barclays lowered their target price on Alaska Air Group from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. UBS Group cut Alaska Air Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $75.00 to $54.00 in a research note on Monday, April 7th. Susquehanna dropped their price objective on shares of Alaska Air Group from $95.00 to $55.00 and set a "positive" rating on the stock in a report on Monday, April 7th. TD Cowen increased their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd.

Insider Buying and Selling

In related news, EVP Andrew R. Harrison sold 6,600 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the sale, the executive vice president now directly owns 34,030 shares of the company's stock, valued at $2,595,808.40. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Muehlen Constance E. Von sold 22,157 shares of Alaska Air Group stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $75.12, for a total transaction of $1,664,433.84. Following the sale, the chief operating officer now directly owns 20,026 shares of the company's stock, valued at $1,504,353.12. This represents a 52.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,790 shares of company stock valued at $2,169,537. Company insiders own 1.00% of the company's stock.

Institutional Trading of Alaska Air Group

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Alaska Air Group by 1.8% in the 3rd quarter. Barclays PLC now owns 1,058,564 shares of the transportation company's stock valued at $47,857,000 after acquiring an additional 18,233 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Alaska Air Group by 1.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,753 shares of the transportation company's stock worth $1,279,000 after purchasing an additional 309 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Alaska Air Group in the fourth quarter valued at approximately $251,000. Capital Advisors Wealth Management LLC purchased a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $241,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $82,459,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Up 1.4%

Alaska Air Group stock traded up $0.73 during midday trading on Wednesday, reaching $53.71. The stock had a trading volume of 2,492,559 shares, compared to its average volume of 2,754,488. The company has a fifty day moving average price of $48.73 and a two-hundred day moving average price of $58.28. The company has a market capitalization of $6.59 billion, a P/E ratio of 17.61, a PEG ratio of 0.43 and a beta of 1.41. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.04. Alaska Air Group has a 12 month low of $32.62 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.19 billion. During the same quarter in the prior year, the business earned ($0.92) earnings per share. The firm's quarterly revenue was up 40.5% compared to the same quarter last year. As a group, equities analysts expect that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.