Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Alaska Air Group from $97.00 to $103.00 and gave the stock an "overweight" rating in a research report on Friday, April 22nd. Morgan Stanley lowered their price target on shares of Alaska Air Group from $73.00 to $70.00 and set an "overweight" rating for the company in a report on Monday, July 25th. StockNews.com raised Alaska Air Group from a "hold" rating to a "buy" rating in a report on Friday, July 22nd. Susquehanna Bancshares lowered their target price on Alaska Air Group from $68.00 to $50.00 and set a "positive" rating for the company in a research note on Tuesday, July 12th. Finally, Barclays dropped their target price on Alaska Air Group from $61.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $66.44.
Alaska Air Group Trading Down 2.3 %
Shares of Alaska Air Group stock traded down $1.07 during trading on Tuesday, reaching $45.73. 954,417 shares of the company were exchanged, compared to its average volume of 1,969,332. The business has a 50-day moving average price of $43.10 and a 200-day moving average price of $49.72. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 28.23 and a beta of 1.46. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.52. Alaska Air Group has a twelve month low of $38.19 and a twelve month high of $63.76.
Alaska Air Group (NYSE:ALK - Get Rating) last issued its earnings results on Thursday, July 21st. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.24. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.58 billion. Alaska Air Group had a return on equity of 8.97% and a net margin of 2.54%. The company's revenue was up 74.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.30) earnings per share. Sell-side analysts anticipate that Alaska Air Group will post 4.38 EPS for the current fiscal year.
Insider Activity at Alaska Air Group
In other Alaska Air Group news, CFO Shane R. Tackett sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $46.97, for a total value of $93,940.00. Following the completion of the sale, the chief financial officer now owns 9,966 shares of the company's stock, valued at $468,103.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shane R. Tackett sold 2,000 shares of the business's stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $46.97, for a total value of $93,940.00. Following the completion of the transaction, the chief financial officer now owns 9,966 shares of the company's stock, valued at approximately $468,103.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 2,267 shares of the company's stock in a transaction on Friday, July 29th. The shares were sold at an average price of $44.13, for a total transaction of $100,042.71. Following the completion of the sale, the executive vice president now owns 14,152 shares of the company's stock, valued at approximately $624,527.76. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.