Alaska Air Group (NYSE:ALK - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.200-0.400 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of -. Alaska Air Group also updated its FY 2024 guidance to 4.000- EPS.
Alaska Air Group Price Performance
ALK stock traded up $0.62 during midday trading on Thursday, reaching $47.89. 4,086,586 shares of the stock were exchanged, compared to its average volume of 2,272,050. The company has a fifty day moving average price of $41.92 and a 200 day moving average price of $40.80. The stock has a market capitalization of $6.08 billion, a PE ratio of 25.61, a P/E/G ratio of 0.66 and a beta of 1.60. Alaska Air Group has a 52 week low of $30.75 and a 52 week high of $50.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.66.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. TD Cowen cut their target price on Alaska Air Group from $52.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Barclays started coverage on shares of Alaska Air Group in a report on Monday, October 21st. They issued an "overweight" rating and a $55.00 price target on the stock. Morgan Stanley decreased their price objective on Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, July 22nd. Evercore ISI dropped their target price on Alaska Air Group from $60.00 to $55.00 and set an "outperform" rating for the company in a report on Thursday, October 3rd. Finally, Citigroup decreased their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.17.
Check Out Our Latest Analysis on ALK
Alaska Air Group Company Profile
(
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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.
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