Alaska Air Group, Inc. (NYSE:ALK) Receives Average Rating of “Buy” from Analysts

Alaska Air Group, Inc. (NYSE:ALK) has received a consensus rating of “Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $74.86.

Several equities analysts recently issued reports on the company. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, October 28th. Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Monday, October 28th. The Goldman Sachs Group lifted their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. TD Cowen increased their target price on shares of Alaska Air Group from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Bank of America boosted their price target on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, January 17th.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, VP Emily Halverson sold 1,329 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $64.41, for a total value of $85,600.89. Following the completion of the sale, the vice president now owns 7,150 shares in the company, valued at approximately $460,531.50. The trade was a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 13,880 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $64.01, for a total transaction of $888,458.80. Following the transaction, the executive vice president now owns 20,638 shares in the company, valued at approximately $1,321,038.38. This trade represents a 40.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,548 shares of company stock worth $9,513,807 over the last 90 days. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC increased its position in Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 182 shares during the period. Pacific Center for Financial Services purchased a new position in shares of Alaska Air Group in the 3rd quarter valued at approximately $45,000. Venturi Wealth Management LLC increased its holdings in shares of Alaska Air Group by 86.0% in the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares during the period. Pacifica Partners Inc. raised its stake in shares of Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Alaska Air Group during the third quarter worth approximately $52,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Trading Up 2.1 %

Shares of ALK stock opened at $75.96 on Monday. Alaska Air Group has a 1-year low of $32.62 and a 1-year high of $76.33. The firm has a market cap of $9.64 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.55. The company has a 50-day moving average of $65.92 and a two-hundred day moving average of $50.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. On average, analysts predict that Alaska Air Group will post 6.03 EPS for the current year.

Alaska Air Group Company Profile

Alaska 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.