Brokerages Set Alaska Air Group, Inc. (NYSE:ALK) PT at $57.31

Shares of Alaska Air Group, Inc. (NYSE:ALK) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $58.69.

A number of analysts recently issued reports on ALK shares. TD Cowen reduced their price objective on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Melius raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, October 28th. Citigroup reduced their target price on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. The Goldman Sachs Group restated a “buy” rating and set a $70.00 price target on shares of Alaska Air Group in a research note on Friday, November 15th. Finally, UBS Group reiterated a “buy” rating and issued a $72.00 price objective on shares of Alaska Air Group in a report on Tuesday.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently bought and sold shares of ALK. Capital Research Global Investors acquired a new position in shares of Alaska Air Group during the first quarter worth approximately $36,993,000. Assenagon Asset Management S.A. lifted its holdings in Alaska Air Group by 2,087.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock worth $34,490,000 after buying an additional 728,019 shares in the last quarter. Wellington Management Group LLP bought a new position in Alaska Air Group in the 3rd quarter valued at $26,390,000. Charles Schwab Investment Management Inc. increased its stake in shares of Alaska Air Group by 45.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock valued at $64,300,000 after buying an additional 442,331 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Alaska Air Group by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock worth $262,789,000 after acquiring an additional 357,907 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Trading Down 1.0 %

Shares of NYSE ALK opened at $52.93 on Wednesday. The firm has a market capitalization of $6.72 billion, a PE ratio of 21.34, a PEG ratio of 1.19 and a beta of 1.59. Alaska Air Group has a one year low of $32.00 and a one year high of $54.14. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $46.68 and a two-hundred day moving average price of $41.74.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.03. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. As a group, analysts predict that Alaska Air Group will post 4.26 earnings per share for the current fiscal 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.