Susquehanna Trims Alaska Air Group (NYSE:ALK) Target Price to $41.00

Alaska Air Group (NYSE:ALK) had its target price lowered by Susquehanna from $42.00 to $41.00 in a research report report published on Tuesday morning, Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts also recently weighed in on ALK. UBS Group assumed coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They issued a buy rating and a $54.00 target price on the stock. Evercore ISI raised their target price on shares of Alaska Air Group from $55.00 to $65.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Wolfe Research raised shares of Alaska Air Group from a peer perform rating to an outperform rating and set a $55.00 target price on the stock in a research note on Friday, May 17th. TD Cowen raised their target price on shares of Alaska Air Group from $49.00 to $58.00 and gave the company a buy rating in a research note on Friday, April 19th. Finally, Bank of America raised their target price on shares of Alaska Air Group from $50.00 to $56.00 and gave the company a buy rating in a research note on Friday, April 19th. Four research analysts have 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 an average rating of Moderate Buy and an average target price of $55.82.

Alaska Air Group Trading Down 6.9 %

Shares of Alaska Air Group stock opened at $37.26 on Tuesday. Alaska Air Group has a 12-month low of $30.75 and a 12-month high of $54.66. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 0.88 and a beta of 1.60. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $41.05 and its 200-day moving average price is $39.85.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.19. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm posted $3.00 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that Alaska Air Group will post 4.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Alaska Air Group by 22.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,318 shares of the transportation company’s stock valued at $296,000 after acquiring an additional 1,333 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Alaska Air Group by 13.0% in the second quarter. Sequoia Financial Advisors LLC now owns 5,714 shares of the transportation company’s stock valued at $231,000 after acquiring an additional 658 shares in the last quarter. SG Americas Securities LLC bought a new stake in Alaska Air Group in the second quarter valued at $773,000. QRG Capital Management Inc. boosted its holdings in Alaska Air Group by 4.7% in the second quarter. QRG Capital Management Inc. now owns 9,029 shares of the transportation company’s stock valued at $365,000 after acquiring an additional 406 shares in the last quarter. Finally, CWM LLC boosted its holdings in Alaska Air Group by 13.0% in the second quarter. CWM LLC now owns 4,403 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 507 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

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.