Alaska Air Group (NYSE:ALK) received a $79.00 price target from stock analysts at Macquarie in a research report issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the transportation company’s stock. Macquarie’s target price suggests a potential upside of 22.98% from the company’s previous close.
Several other equities research analysts have also issued reports on the company. Credit Suisse Group reissued a “hold” rating on shares of Imperial Oil in a research note on Friday, April 12th. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Morgan Stanley lifted their price objective on United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Imperial Capital reissued an “in-line” rating and set a $68.00 price objective (up previously from $61.00) on shares of Alaska Air Group in a research note on Wednesday, June 19th. Finally, Bank of America set a $152.00 price objective on Caterpillar and gave the company a “buy” rating in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Alaska Air Group currently has an average rating of “Buy” and an average price target of $76.00.
NYSE:ALK traded up $0.93 during trading hours on Friday, hitting $64.24. 958,705 shares of the company’s stock traded hands, compared to its average volume of 1,074,634. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.46 and a beta of 0.88. Alaska Air Group has a 52 week low of $53.39 and a 52 week high of $74.83. The company has a fifty day moving average of $61.93. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.87 billion. Alaska Air Group had a return on equity of 14.97% and a net margin of 5.26%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities research analysts anticipate that Alaska Air Group will post 6.08 earnings per share for the current fiscal year.
In other news, EVP Andrew R. Harrison sold 1,600 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $61.53, for a total value of $98,448.00. Following the completion of the sale, the executive vice president now owns 20,567 shares of the company’s stock, valued at approximately $1,265,487.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 4,700 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.63, for a total value of $294,361.00. Following the completion of the sale, the executive vice president now directly owns 15,867 shares of the company’s stock, valued at approximately $993,750.21. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALK. Victory Capital Management Inc. lifted its stake in shares of Alaska Air Group by 1,307.7% in the 1st quarter. Victory Capital Management Inc. now owns 1,947,067 shares of the transportation company’s stock valued at $109,269,000 after acquiring an additional 1,808,754 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Alaska Air Group by 65.0% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 1,812,028 shares of the transportation company’s stock valued at $101,691,000 after acquiring an additional 713,959 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Alaska Air Group by 34.6% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,257,103 shares of the transportation company’s stock valued at $126,669,000 after acquiring an additional 579,823 shares during the last quarter. Norges Bank bought a new stake in shares of Alaska Air Group in the 4th quarter valued at about $31,868,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Alaska Air Group by 21.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,883,681 shares of the transportation company’s stock valued at $175,468,000 after acquiring an additional 503,977 shares during the last quarter. 88.43% of the stock is owned by institutional investors.
Alaska Air Group Company Profile
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 has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.
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