Alaska Air Group, Inc. (NYSE:ALK) Receives $64.00 Consensus Target Price from Brokerages

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $64.00.

Several research firms recently issued reports on ALK. Susquehanna upped their price objective on Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Bank of America boosted their target price on shares of Alaska Air Group from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, September 13th. Finally, Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Monday, October 28th.

Insider Buying and Selling

In related news, COO Muehlen Constance E. Von sold 4,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $63.09, for a total value of $252,360.00. Following the completion of the transaction, the chief operating officer now owns 12,162 shares of the company's stock, valued at approximately $767,300.58. This represents a 24.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $63.56, for a total transaction of $317,800.00. Following the completion of the transaction, the chief financial officer now directly owns 27,362 shares of the company's stock, valued at $1,739,128.72. This represents a 15.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,580 shares of company stock valued at $1,693,569. Company insiders own 0.68% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Alaska Air Group by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company's stock valued at $262,789,000 after purchasing an additional 357,907 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Alaska Air Group by 8.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,969,295 shares of the transportation company's stock valued at $119,960,000 after purchasing an additional 220,030 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Alaska Air Group by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company's stock valued at $93,229,000 after purchasing an additional 78,186 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alaska Air Group by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,593,756 shares of the transportation company's stock valued at $72,054,000 after purchasing an additional 6,977 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Alaska Air Group by 8.3% during the 2nd quarter. American Century Companies Inc. now owns 1,590,078 shares of the transportation company's stock valued at $64,239,000 after purchasing an additional 122,325 shares during the last quarter. Institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Down 1.3 %

ALK stock traded down $0.85 during midday trading on Friday, hitting $62.57. The company's stock had a trading volume of 3,724,012 shares, compared to its average volume of 2,291,301. The company has a market cap of $7.94 billion, a PE ratio of 25.23, a P/E/G ratio of 1.24 and a beta of 1.60. Alaska Air Group has a 12 month low of $32.62 and a 12 month high of $65.62. 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 firm's 50-day moving average is $50.51 and its 200-day moving average is $43.01.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. On average, equities research analysts forecast that Alaska Air Group will post 4.3 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.