Very Positive Press Coverage Likely to Affect Alaska Air Group (NYSE:ALK) Share Price

Media headlines about Alaska Air Group (NYSE:ALK) have been trending very positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alaska Air Group earned a coverage optimism score of 0.53 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 69 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several analysts recently weighed in on ALK shares. Stifel Nicolaus raised Alaska Air Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $145.00 in a research note on Monday, March 20th. Imperial Capital reaffirmed an “in-line” rating on shares of Alaska Air Group in a research note on Monday, March 20th. Vetr raised Alaska Air Group from a “hold” rating to a “strong-buy” rating and set a $124.48 price objective on the stock in a research note on Monday, March 20th. Cowen and Company reaffirmed a “market perform” rating and issued a $100.00 price objective on shares of Alaska Air Group in a research note on Tuesday, March 28th. Finally, J P Morgan Chase & Co set a $116.00 price target on Alaska Air Group and gave the company a “buy” rating in a research note on Saturday, April 1st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $105.68.

Shares of Alaska Air Group (ALK) opened at 91.57 on Wednesday. The firm has a 50-day moving average price of $87.76 and a 200-day moving average price of $90.92. Alaska Air Group has a one year low of $59.72 and a one year high of $101.43. The company has a market capitalization of $11.32 billion, a P/E ratio of 15.60 and a beta of 0.97.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, April 26th. The transportation company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. Alaska Air Group had a return on equity of 30.01% and a net margin of 11.51%. Alaska Air Group’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 EPS. Equities analysts forecast that Alaska Air Group will post $8.10 earnings per share for the current year.

In other news, SVP Joseph A. Sprague sold 7,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $90.85, for a total value of $635,950.00. Following the completion of the transaction, the senior vice president now owns 7,191 shares of the company’s stock, valued at approximately $653,302.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Bradley D. Tilden sold 6,500 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $88.72, for a total value of $576,680.00. Following the completion of the transaction, the chairman now directly owns 148,446 shares of the company’s stock, valued at approximately $13,170,129.12. The disclosure for this sale can be found here. Insiders have sold a total of 18,200 shares of company stock valued at $1,610,391 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Very Positive Press Coverage Likely to Affect Alaska Air Group (NYSE:ALK) Share Price” was originally posted by BBNS and is the property of of BBNS. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://baseballnewssource.com/markets/very-positive-press-coverage-likely-to-affect-alaska-air-group-nysealk-share-price/1179811.html.

Alaska Air Group Company Profile

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.

Insider Buying and Selling by Quarter for Alaska Air Group (NYSE:ALK)

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

 


Latest News

All-Star Game Results No Longer Have October Importance
All-Star Game Results No Longer Have October Importance
Michael Jordan and Derek Jeter May Buy Miami Marlins
Michael Jordan and Derek Jeter May Buy Miami Marlins
First Half Favorites for MLB Awards
First Half Favorites for MLB Awards
Houston’s George Springer Proving He Has What it Takes
Houston’s George Springer Proving He Has What it Takes
Aaron Judge Passes Yankees Legend Joe DiMaggio for Rookie Home Runs
Aaron Judge Passes Yankees Legend Joe DiMaggio for Rookie Home Runs
Legends from Latin American Will Be Honored by MLB
Legends from Latin American Will Be Honored by MLB


Leave a Reply

 
© 2006-2017 BBNS.