Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $66.83.
ALK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Citigroup cut their target price on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Barclays cut their target price on shares of 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. 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 research note on Monday, April 7th. Finally, TD Cowen increased their price objective on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, April 25th.
Get Our Latest Report on Alaska Air Group
Alaska Air Group Stock Down 4.6%
Shares of Alaska Air Group stock traded down $2.40 during trading on Friday, reaching $49.18. The company had a trading volume of 3,273,532 shares, compared to its average volume of 2,835,389. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 0.43 and a beta of 1.44. The firm's fifty day moving average is $48.56 and its 200-day moving average is $58.31. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.58 and a current ratio of 0.61. Alaska Air Group has a fifty-two week low of $32.62 and a fifty-two week high of $78.08.
Alaska Air Group (NYSE:ALK - Get Free Report) last issued its earnings results 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). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.19 billion. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The business's revenue for the quarter was up 40.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.92) EPS. On average, analysts anticipate that Alaska Air Group will post 6.03 EPS for the current year.
Insiders Place Their Bets
In other Alaska Air Group news, VP Emily Halverson sold 2,946 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the transaction, the vice president now owns 8,253 shares in the company, valued at approximately $423,709.02. This represents a 26.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 7,500 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $53.51, for a total transaction of $401,325.00. Following the completion of the transaction, the executive vice president now owns 26,530 shares of the company's stock, valued at approximately $1,419,620.30. This trade represents a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,479 shares of company stock worth $554,228. Insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ALK. Brooklyn Investment Group grew its position in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Alaska Air Group by 125.7% in the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after acquiring an additional 377 shares in the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $38,000. SBI Securities Co. Ltd. bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $52,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Alaska Air Group by 61.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after acquiring an additional 364 shares in the last quarter. Institutional investors own 81.90% of the company's stock.
About Alaska Air Group
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Get Free ReportAlaska 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.
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