Alaska Air Group (NYSE:ALK) Price Target Raised to $62.00 at TD Cowen

Alaska Air Group (NYSE:ALK - Get Free Report) had its target price hoisted by investment analysts at TD Cowen from $54.00 to $62.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has a "buy" rating on the transportation company's stock. TD Cowen's target price indicates a potential upside of 47.48% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. Barclays lowered their target price on Alaska Air Group from $80.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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. The Goldman Sachs Group upped their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alaska Air Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $65.92.

Alaska Air Group Stock Up 1.3 %

Shares of ALK stock traded up $0.53 on Friday, hitting $42.04. The stock had a trading volume of 5,357,166 shares, compared to its average volume of 2,640,969. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The business has a 50 day moving average of $54.11 and a 200 day moving average of $58.05. Alaska Air Group has a 12-month low of $32.62 and a 12-month high of $78.08. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.37.

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

Insider Buying and Selling

In other news, SVP Andrea L. Schneider sold 1,830 shares of Alaska Air Group stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $73.32, for a total transaction of $134,175.60. Following the completion of the sale, the senior vice president now directly owns 20,286 shares of the company's stock, valued at approximately $1,487,369.52. The trade was a 8.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 6,600 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $76.28, for a total value of $503,448.00. Following the completion of the transaction, the executive vice president now directly owns 34,030 shares in the company, valued at approximately $2,595,808.40. This represents a 16.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,225 shares of company stock worth $10,562,713. Insiders own 0.92% of the company's stock.

Institutional Trading of Alaska Air Group

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alaska Air Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 13,651,876 shares of the transportation company's stock worth $883,959,000 after acquiring an additional 56,409 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Alaska Air Group by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,225,054 shares of the transportation company's stock worth $403,076,000 after purchasing an additional 56,740 shares during the period. FMR LLC lifted its stake in Alaska Air Group by 328.7% in the fourth quarter. FMR LLC now owns 4,649,388 shares of the transportation company's stock worth $301,048,000 after purchasing an additional 3,564,749 shares during the last quarter. Boston Partners boosted its position in Alaska Air Group by 6.9% during the fourth quarter. Boston Partners now owns 3,460,959 shares of the transportation company's stock valued at $224,121,000 after buying an additional 222,780 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of Alaska Air Group by 134.0% in the fourth quarter. Point72 Asset Management L.P. now owns 2,134,221 shares of the transportation company's stock worth $138,191,000 after buying an additional 1,222,277 shares during the period. Institutional investors own 81.90% of the company's stock.

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.