Alaska Air Group - ALK Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ALK. Susquehanna Bancshares lowered their price target 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. Raymond James cut Alaska Air Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $75.00 to $58.00 in a research note on Thursday, June 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $97.00 to $103.00 and gave the company an "overweight" rating in a research report on Friday, April 22nd. Susquehanna cut their price objective on shares of Alaska Air Group from $68.00 to $50.00 and set a "positive" rating on the stock in a research report on Tuesday, July 12th. Finally, Evercore ISI dropped their price target on shares of Alaska Air Group from $80.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday, June 27th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.44.

Alaska Air Group Price Performance

NYSE:ALK traded down $0.46 on Thursday, hitting $46.15. The company had a trading volume of 58,423 shares, compared to its average volume of 1,576,308. Alaska Air Group has a 52 week low of $38.19 and a 52 week high of $63.76. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 28.77 and a beta of 1.46. The firm has a 50 day moving average of $43.05 and a two-hundred day moving average of $49.67.

Alaska Air Group (NYSE:ALK - Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The transportation company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.24. The company had revenue of $2.66 billion during 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%. Alaska Air Group's revenue was up 74.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.30) EPS. On average, research analysts anticipate that Alaska Air Group will post 4.37 earnings per share for the current year.

Insider Transactions at Alaska Air Group

In other news, CFO Shane R. Tackett sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 9th. The stock was 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 $468,103.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alaska Air Group news, CFO Shane R. Tackett sold 2,000 shares of the company's stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $46.97, for a total value of $93,940.00. Following the sale, the chief financial officer now owns 9,966 shares in the company, valued at approximately $468,103.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 2,267 shares of the firm's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total value of $100,042.71. Following the transaction, the executive vice president now owns 14,152 shares of the company's stock, valued at $624,527.76. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.