Alaska Air Group, Inc. (NYSE:ALK) Receives $74.86 Consensus Target Price from Brokerages

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have received a consensus recommendation of "Buy" from the fourteen analysts that are presently covering the stock, Marketbeat reports. Fourteen research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is $74.86.

A number of research firms recently commented on ALK. TD Cowen increased their price target on Alaska Air Group from $85.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, January 24th. UBS Group increased their target price on shares of Alaska Air Group from $81.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Citigroup boosted their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Susquehanna upgraded shares of Alaska Air Group from a "neutral" rating to a "positive" rating and set a $95.00 price objective for the company in a research note on Tuesday, January 7th. Finally, Melius Research upgraded Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research note on Monday, October 28th.

Insider Activity at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 91,745 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $71.14, for a total transaction of $6,526,739.30. Following the sale, the executive vice president now directly owns 20,638 shares in the company, valued at approximately $1,468,187.32. The trade was a 81.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the transaction, the senior vice president now owns 20,286 shares of the company's stock, valued at approximately $1,296,072.54. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,548 shares of company stock worth $9,513,807. Company insiders own 0.68% of the company's stock.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Alaska Air Group by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,367 shares of the transportation company's stock worth $1,186,000 after purchasing an additional 751 shares in the last quarter. Creative Planning raised its position in shares of Alaska Air Group by 5.2% in the second quarter. Creative Planning now owns 51,529 shares of the transportation company's stock worth $2,082,000 after buying an additional 2,538 shares in the last quarter. Pacifica Partners Inc. boosted its stake in Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock valued at $50,000 after buying an additional 1,000 shares during the period. CWM LLC grew its position in Alaska Air Group by 224.4% during the third quarter. CWM LLC now owns 14,285 shares of the transportation company's stock worth $646,000 after buying an additional 9,882 shares in the last quarter. Finally, Clarius Group LLC increased its stake in Alaska Air Group by 54.0% in the 3rd quarter. Clarius Group LLC now owns 31,304 shares of the transportation company's stock worth $1,415,000 after acquiring an additional 10,982 shares during the last quarter. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group Stock Down 0.7 %

Shares of NYSE ALK traded down $0.51 during mid-day trading on Monday, reaching $74.40. 2,506,975 shares of the company's stock traded hands, compared to its average volume of 2,862,701. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. Alaska Air Group has a 1-year low of $32.62 and a 1-year high of $75.98. The stock has a market cap of $9.44 billion, a P/E ratio of 24.39, a PEG ratio of 0.66 and a beta of 1.55. The business has a 50-day simple moving average of $65.45 and a 200 day simple moving average of $50.47.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.52. Alaska Air Group had a return on equity of 14.66% and a net margin of 3.37%. On average, analysts expect that Alaska Air Group will post 6.03 EPS 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.