Alaska Air Group (NYSE:ALK) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Alaska Air Group (NYSE:ALK - Free Report) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued an overweight rating and a $55.00 price objective on the transportation company's stock.

Other equities analysts have also recently issued reports about the stock. TD Cowen dropped their price objective on shares of Alaska Air Group from $52.00 to $50.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Citigroup dropped 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 note on Thursday, August 29th. Susquehanna boosted their price objective on shares of Alaska Air Group from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Morgan Stanley dropped their price objective on shares of Alaska Air Group from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Monday, July 22nd. Finally, Bank of America boosted their price objective 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.80.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock traded up $1.11 during trading on Monday, reaching $46.05. The company's stock had a trading volume of 3,370,372 shares, compared to its average volume of 2,277,709. The company has a 50-day moving average price of $39.85 and a two-hundred day moving average price of $40.51. The firm has a market cap of $5.84 billion, a PE ratio of 24.61, a P/E/G ratio of 0.66 and a beta of 1.60. Alaska Air Group has a fifty-two week low of $30.75 and a fifty-two week high of $46.87. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.55.

Alaska Air Group (NYSE:ALK - Get Free Report) last announced its earnings results on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.19. The business had revenue of $2.90 billion for the quarter, compared to analysts' expectations of $2.94 billion. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.00 EPS. On average, analysts forecast that Alaska Air Group will post 4.24 EPS for the current year.

Institutional Investors Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jade Capital Advisors LLC boosted its position in shares of Alaska Air Group by 337.5% in the 3rd quarter. Jade Capital Advisors LLC now owns 175,000 shares of the transportation company's stock worth $7,912,000 after buying an additional 135,000 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Alaska Air Group by 22.6% in the 3rd quarter. Blue Trust Inc. now owns 3,144 shares of the transportation company's stock worth $142,000 after buying an additional 579 shares in the last quarter. Clarius Group LLC boosted its position in shares of Alaska Air Group by 54.0% in the 3rd quarter. Clarius Group LLC now owns 31,304 shares of the transportation company's stock worth $1,415,000 after buying an additional 10,982 shares in the last quarter. CWM LLC boosted its position in shares of Alaska Air Group by 224.4% in the 3rd quarter. CWM LLC now owns 14,285 shares of the transportation company's stock worth $646,000 after buying an additional 9,882 shares in the last quarter. Finally, Pacifica Partners Inc. boosted its position in shares of Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company's stock worth $50,000 after buying an additional 1,000 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.