Alaska Air Group (ALK) Price Target Cut to $80.00 by Analysts at Morgan Stanley

Alaska Air Group (NYSE:ALK) had its target price cut by Morgan Stanley from $86.00 to $80.00 in a report issued on Friday. The brokerage currently has an “overweight” rating on the transportation company’s stock. Morgan Stanley’s target price suggests a potential upside of 23.95% from the stock’s current price.

ALK has been the subject of a number of other reports. Imperial Capital lowered their price target on Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a research report on Thursday, October 26th. JPMorgan Chase & Co. downgraded Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price target for the company. in a research report on Wednesday, November 1st. ValuEngine upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America downgraded Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Tuesday, January 9th. Finally, Buckingham Research lowered their price target on Alaska Air Group from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. Alaska Air Group has an average rating of “Buy” and an average price target of $88.46.

Alaska Air Group (ALK) opened at $64.54 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $7,940.00, a P/E ratio of 7.79, a PEG ratio of 4.33 and a beta of 1.03. Alaska Air Group has a 52-week low of $59.25 and a 52-week high of $101.43.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, meeting analysts’ consensus estimates of $0.83. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 EPS. sell-side analysts predict that Alaska Air Group will post 6.57 earnings per share for the current fiscal year.

In other Alaska Air Group news, CEO David L. Campbell sold 4,934 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $68.00, for a total value of $335,512.00. Following the sale, the chief executive officer now owns 9,648 shares in the company, valued at $656,064. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the completion of the sale, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. MML Investors Services LLC increased its stake in Alaska Air Group by 1.0% in the second quarter. MML Investors Services LLC now owns 5,392 shares of the transportation company’s stock worth $484,000 after purchasing an additional 51 shares during the period. Sentry Investment Management LLC increased its stake in shares of Alaska Air Group by 1.1% during the second quarter. Sentry Investment Management LLC now owns 9,125 shares of the transportation company’s stock valued at $819,000 after buying an additional 98 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Alaska Air Group by 3.1% during the second quarter. Thrivent Financial For Lutherans now owns 4,670 shares of the transportation company’s stock valued at $419,000 after buying an additional 140 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of Alaska Air Group by 0.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 56,640 shares of the transportation company’s stock valued at $5,084,000 after buying an additional 157 shares during the period. Finally, Afam Capital Inc. increased its stake in shares of Alaska Air Group by 1.4% during the second quarter. Afam Capital Inc. now owns 12,076 shares of the transportation company’s stock valued at $1,084,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.

WARNING: This story was originally posted by BBNS and is the property of of BBNS. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://baseballnewssource.com/markets/alaska-air-group-alk-price-target-cut-to-80-00-by-analysts-at-morgan-stanley/1871771.html.

About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

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.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.