Alaska Air Group (NYSE:ALK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Alaska Air Group (NYSE:ALKGet Rating) in a research report report published on Thursday morning. The brokerage issued a hold rating on the transportation company’s stock.

Several other equities analysts have also recently weighed in on the company. Citigroup lifted their price objective on Alaska Air Group from $57.50 to $58.50 and gave the company a buy rating in a report on Tuesday, January 31st. Wolfe Research cut shares of Alaska Air Group from an outperform rating to a peer perform rating in a research report on Friday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Alaska Air Group from $90.00 to $91.00 and gave the stock an overweight rating in a research note on Friday, January 27th. Susquehanna boosted their target price on shares of Alaska Air Group from $55.00 to $59.00 and gave the company a positive rating in a research report on Thursday, February 2nd. Finally, Morgan Stanley increased their price target on shares of Alaska Air Group from $70.00 to $75.00 and gave the stock an overweight rating in a research report on Monday, January 30th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Alaska Air Group presently has an average rating of Moderate Buy and an average target price of $65.05.

Alaska Air Group Price Performance

NYSE:ALK opened at $39.29 on Thursday. Alaska Air Group has a 52 week low of $38.19 and a 52 week high of $61.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.65 and a current ratio of 0.68. The firm’s 50-day simple moving average is $48.68 and its 200 day simple moving average is $45.57. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 91.37, a P/E/G ratio of 0.35 and a beta of 1.54.

Alaska Air Group (NYSE:ALKGet Rating) last announced its earnings results on Thursday, January 26th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Alaska Air Group had a net margin of 0.60% and a return on equity of 14.75%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 30.5% compared to the same quarter last year. As a group, sell-side analysts predict that Alaska Air Group will post 6.01 earnings per share for the current year.

Insider Buying and Selling at Alaska Air Group

In other news, SVP Andrea L. Schneider sold 1,596 shares of the company’s stock in a transaction on Friday, January 27th. The shares were sold at an average price of $50.81, for a total transaction of $81,092.76. Following the completion of the transaction, the senior vice president now directly owns 15,747 shares in the company, valued at $800,105.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director J Kenneth Thompson sold 3,500 shares of Alaska Air Group stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $48.58, for a total transaction of $170,030.00. Following the sale, the director now directly owns 29,907 shares in the company, valued at approximately $1,452,882.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Andrea L. Schneider sold 1,596 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The shares were sold at an average price of $50.81, for a total transaction of $81,092.76. Following the completion of the transaction, the senior vice president now owns 15,747 shares of the company’s stock, valued at $800,105.07. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC raised its position in Alaska Air Group by 207.2% during the 3rd quarter. Eagle Bay Advisors LLC now owns 728 shares of the transportation company’s stock worth $29,000 after purchasing an additional 491 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Alaska Air Group by 1,873.5% in the fourth quarter. Capital Advisors Ltd. LLC now owns 671 shares of the transportation company’s stock valued at $29,000 after buying an additional 637 shares during the period. First Command Bank increased its stake in shares of Alaska Air Group by 250.0% in the fourth quarter. First Command Bank now owns 700 shares of the transportation company’s stock valued at $30,000 after buying an additional 500 shares during the period. Ten Capital Wealth Advisors LLC raised its position in shares of Alaska Air Group by 174.4% during the fourth quarter. Ten Capital Wealth Advisors LLC now owns 741 shares of the transportation company’s stock worth $32,000 after acquiring an additional 471 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Alaska Air Group by 416.4% in the first quarter. Covestor Ltd now owns 568 shares of the transportation company’s stock worth $33,000 after acquiring an additional 458 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Alaska Air Group Company Profile

(Get Rating)

Alaska Air Group, Inc is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional, and Horizon. The Mainline segment includes scheduled air transportation on Alaska’s Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, Costa Rica and Belize.

Featured Stories

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

Receive News & Ratings for Alaska Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group and related companies with MarketBeat.com's FREE daily email newsletter.