Alaska Air Group, Inc. (NYSE:ALK) Receives $57.31 Consensus Price Target from Brokerages

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $57.31.

ALK has been the subject of a number of recent research reports. Barclays increased their price objective on Alaska Air Group from $55.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. The Goldman Sachs Group reissued a "buy" rating and issued a $70.00 price objective on shares of Alaska Air Group in a research note on Friday, November 15th. Melius Research upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a research note on Monday, October 28th. Melius upgraded shares of Alaska Air Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. Finally, Susquehanna lifted their price objective on Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th.

Institutional Trading of Alaska Air Group

Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors acquired a new position in shares of Alaska Air Group during the 1st quarter worth $36,993,000. Assenagon Asset Management S.A. raised its position in Alaska Air Group by 2,087.8% during the third quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company's stock worth $34,490,000 after acquiring an additional 728,019 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Alaska Air Group in the third quarter valued at about $26,390,000. Charles Schwab Investment Management Inc. grew its position in shares of Alaska Air Group by 45.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company's stock valued at $64,300,000 after purchasing an additional 442,331 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $262,789,000 after purchasing an additional 357,907 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Stock Performance

NYSE ALK traded up $0.07 on Wednesday, reaching $53.15. The stock had a trading volume of 305,284 shares, compared to its average volume of 2,262,740. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a market cap of $6.75 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.59. The business's 50-day moving average price is $45.70 and its 200 day moving average price is $41.47. Alaska Air Group has a 12-month low of $32.00 and a 12-month high of $54.01.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter in the prior year, the business earned $1.83 EPS. Alaska Air Group's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts expect that Alaska Air Group will post 4.26 earnings per share for the current 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.