Analysts Set Alaska Air Group, Inc. (NYSE:ALK) Price Target at $77.00

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) has been assigned an average rating of "Buy" from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $77.00.

Several equities analysts have recently issued reports on ALK shares. Bank of America upped their target price on Alaska Air Group from $70.00 to $80.00 and gave the company a "buy" rating in a report on Friday, January 17th. The Goldman Sachs Group upped their price objective on Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. UBS Group lowered their target price on Alaska Air Group from $87.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their price target on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Finally, Citigroup lowered their price objective on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th.

Insider Buying and Selling

In other news, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $68.90, for a total transaction of $654,550.00. Following the completion of the transaction, the chief executive officer now directly owns 9,840 shares of the company's stock, valued at $677,976. The trade was a 49.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shane R. Tackett sold 22,893 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the completion of the transaction, the chief financial officer now owns 31,873 shares of the company's stock, valued at approximately $2,414,061.02. This trade represents a 41.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,725 shares of company stock worth $11,217,263. 0.68% of the stock is owned by company insiders.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC increased its stake in Alaska Air Group by 44.8% during the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock worth $38,000 after purchasing an additional 182 shares during the period. Wood Tarver Financial Group LLC purchased a new stake in Alaska Air Group in the 4th quarter valued at $38,000. SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group during the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC grew its position in Alaska Air Group by 61.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 955 shares of the transportation company's stock valued at $62,000 after buying an additional 364 shares during the last quarter. Finally, Pacific Center for Financial Services purchased a new position in shares of Alaska Air Group during the 3rd quarter worth approximately $45,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Stock Down 4.5 %

NYSE ALK traded down $2.34 on Tuesday, reaching $50.16. The company had a trading volume of 3,314,321 shares, compared to its average volume of 2,534,987. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The company's fifty day moving average is $66.39 and its 200 day moving average is $57.35. Alaska Air Group has a 52-week low of $32.62 and a 52-week high of $78.08. The stock has a market capitalization of $6.15 billion, a P/E ratio of 16.45, a P/E/G ratio of 0.43 and a beta of 1.50.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. Sell-side analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

About Alaska Air Group

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.