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:
- Alaska Air Reports June, First Half Traffic Growth (cote-ivoire.com)
- Alaska Air Group, Inc. (ALK) Shares Bought by Legal & General Group Plc (healthcaremenu.net)
- Alaska Air Group, Inc. (ALK) Receives $105.15 Average PT from Brokerages (nolopodrasdejardever.com)
- Alaska Air Group reports June operational results (financial-news.co.uk)
- (ALK) Shares Trading down at $93.10 Alaska Air Group reports June 2017… (highlightpress.com)
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.
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.
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