Alaska Air Group (NYSE:ALK) Given New $55.00 Price Target at Barclays

Alaska Air Group (NYSE:ALK - Free Report) had its price target lowered by Barclays from $62.00 to $55.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an overweight rating on the transportation company's stock.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. TD Cowen boosted their target price on shares of Alaska Air Group from $54.00 to $62.00 and gave the company a "buy" rating in a research note on Friday. Citigroup decreased their price target on shares of Alaska Air Group from $83.00 to $81.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. UBS Group downgraded Alaska Air Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $75.00 to $54.00 in a research note on Monday, April 7th. Finally, Bank of America decreased their target price on Alaska Air Group from $80.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $65.92.

Alaska Air Group Price Performance

Alaska Air Group stock traded up $0.53 during mid-day trading on Friday, reaching $42.04. 5,357,166 shares of the company were exchanged, compared to its average volume of 2,640,969. The firm has a market cap of $5.16 billion, a PE ratio of 13.78, a PEG ratio of 0.43 and a beta of 1.37. 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 12 month low of $32.62 and a 12 month high of $78.08. The company has a fifty day simple moving average of $54.11 and a 200-day simple moving average of $58.05.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The transportation company reported ($0.77) EPS for the quarter, missing analysts' consensus estimates of ($0.72) by ($0.05). Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.19 billion. As a group, equities research analysts expect that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Insider Activity at Alaska Air Group

In other news, CFO Shane R. Tackett sold 22,893 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total value of $1,733,915.82. Following the completion of the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at approximately $2,414,061.02. This trade represents a 41.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 91,745 shares of the company's stock in a transaction that occurred 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 $1,468,187.32. This trade represents a 81.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,225 shares of company stock worth $10,562,713. 0.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALK. Perkins Coie Trust Co boosted its stake in Alaska Air Group by 125.7% during the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after buying an additional 377 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Alaska Air Group by 44.8% in the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company's stock valued at $38,000 after acquiring an additional 182 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in shares of Alaska Air Group during the 4th quarter valued at about $38,000. SBI Securities Co. Ltd. purchased a new position in shares of Alaska Air Group during the fourth quarter worth about $52,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Alaska Air Group during the third quarter worth about $59,000. 81.90% of the stock is owned by institutional investors.

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.