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Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Rating of “Moderate Buy” by Analysts

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Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Rating of “Moderate Buy” by Analysts



Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $56.60.

ALK has been the subject of a number of analyst reports. Susquehanna upped their price objective on shares of Alaska Air Group from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, April 19th. TD Cowen raised their price objective on shares of Alaska Air Group from $49.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. UBS Group assumed coverage on shares of Alaska Air Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $54.00 target price on the stock. Evercore ISI raised their target price on Alaska Air Group from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Bank of America lifted their price target on Alaska Air Group from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, April 19th.

View Our Latest Analysis on ALK

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Alaska Air Group Stock Down 0.4 %

Shares of ALK stock opened at $41.18 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.63 and a current ratio of 0.65. The business’s fifty day moving average is $42.60 and its 200-day moving average is $39.77. Alaska Air Group has a 1 year low of $30.75 and a 1 year high of $57.18. The stock has a market cap of $5.23 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 0.55 and a beta of 1.61.

Alaska Air Group (NYSE:ALK – Get Free Report) last released its earnings results on Thursday, April 18th. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.09) by $0.17. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. Alaska Air Group had a net margin of 2.34% and a return on equity of 13.54%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.62) earnings per share. Equities analysts expect that Alaska Air Group will post 4.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds have recently added to or reduced their stakes in ALK. Vanguard Group Inc. increased its stake in shares of Alaska Air Group by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 14,461,295 shares of the transportation company’s stock worth $536,225,000 after purchasing an additional 47,871 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Alaska Air Group by 13.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,439,909 shares of the transportation company’s stock worth $212,543,000 after purchasing an additional 660,455 shares in the last quarter. Boston Partners increased its position in Alaska Air Group by 4.1% during the first quarter. Boston Partners now owns 3,966,594 shares of the transportation company’s stock worth $170,533,000 after buying an additional 155,403 shares during the last quarter. Wellington Management Group LLP raised its holdings in Alaska Air Group by 16.3% during the third quarter. Wellington Management Group LLP now owns 2,554,257 shares of the transportation company’s stock valued at $94,712,000 after buying an additional 358,749 shares in the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of Alaska Air Group by 22.4% in the fourth quarter. U S Global Investors Inc. now owns 1,387,734 shares of the transportation company’s stock worth $54,219,000 after buying an additional 253,984 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

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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Analyst Recommendations for Alaska Air Group (NYSE:ALK)



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Alaska

Santa catches a ride with troops to bring Christmas to Alaska village

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Santa catches a ride with troops to bring Christmas to Alaska village


YAKUTAT, Alaska — Forget the open-air sleigh overloaded with gifts and powered by flying reindeer.

Santa and Mrs. Claus this week took supersized rides to southeast Alaska in a C-17 military cargo plane and a camouflaged Humvee, as they delivered toys to the Tlingit village of Yakutat, northwest of Juneau.

The visit was part of this year’s Operation Santa Claus, an outreach program of the Alaska National Guard to largely Indigenous communities in the nation’s largest state. Each year, the Guard picks a village that has suffered recent hardship — in Yakutat’s case, a massive snowfall that threatened to buckle buildings in 2022.

Santa and Mrs. Claus talk to a child in Yakutat as part of the Alaska National Guard’s Operation Santa program Wednesday. (AP Photo/Mark Thiessen)

“This is one of the funnest things we get to do, and this is a proud moment for the National Guard,” Maj. Gen. Torrence Saxe, adjutant general of the Alaska National Guard, said Wednesday.

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Saxe wore a Guard uniform and a Santa hat that stretched his unit’s dress regulations.

The Humvee caused a stir when it entered the school parking lot, and a buzz of “It’s Santa! It’s Santa!” pierced the cold air as dozens of elementary school children gathered outside.

In the school, Mrs. Claus read a Christmas story about the reindeer Dasher. The couple in red then sat for photos with nearly all of the 75 or so students and handed out new backpacks filled with gifts, books, snacks and school supplies donated by the Salvation Army. The school provided lunch, and a local restaurant provided the ice cream and toppings for a sundae bar.

Student Thomas Henry, 10, said while the contents of the backpack were “pretty good,” his favorite item was a plastic dinosaur.

Another, 9-year-old Mackenzie Ross, held her new plush seal toy as she walked around the school gym.

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“I think it’s special that I have this opportunity to be here today because I’ve never experienced this before,” she said.

Yakutat, a Tlingit village of about 600 residents, is in the lowlands of the Gulf of Alaska, at the top of Alaska’s panhandle. Nearby is the Hubbard Glacier, a frequent stop for cruise ships.

Some of the National Guard members who visited Yakutat on Wednesday were also there in January 2022, when storms dumped about 6 feet of snow in a matter of days, damaging buildings.

Alaska National Guard soldiers and airmen shovel the roof of a building in Yakutat. (Dana Rosso/U.S. Army National Guard via AP)

Operation Santa started in 1956 when flooding severely curtailed subsistence hunting for residents of St. Mary’s, in western Alaska. Having to spend their money on food, they had little left for Christmas presents, so the military stepped in.

This year, visits were planned to two other communities hit by flooding. Santa’s visit to Circle, in northeastern Alaska, went off without a hitch. Severe weather prevented a visit to Crooked Creek, in the southwestern part of the state, but Christmas was saved when the gifts were delivered there Nov. 16.

“We tend to visit rural communities where it is very isolated,” said Jenni Ragland, service extension director with the Salvation Army Alaska Division. “A lot of kids haven’t traveled to big cities where we typically have Santa and big stores with Christmas gifts and Christmas trees, so we kind of bring the Christmas program on the road.”

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After the C-17 Globemaster III landed in Yakutat, it quickly returned to Joint Base Elmendorf-Richardson in Anchorage, an hour away, because there was nowhere to park it at the village’s tiny airport. Later, it returned to pick up the Christmas crew.

Santa and Mrs. Claus, along with their tuckered elves, were seen nodding off on the flight back.



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Alaska

Trump Wants Denali Renamed

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Trump Wants Denali Renamed


Opposition to President-elect Trump’s renewed suggestion to change the name of Alaska’s 20,310-foot mountain back to McKinley includes many Alaskans, including Indigenous people, and the state’s two Republican senators. Sen. Lisa Murkowski advocated for years to remove the name of the nation’s 25th president, who never visited the mountain or had any connection to it, the Anchorage Daily News reports. “There is only one name worthy of North America’s tallest mountain: Denali—the Great One,” Sen. Lisa Murkowski wrote on X.

Trump brought up the idea in a speech Sunday at Turning Point USA’s AmericaFest in Phoenix, where he praised William McKinley as a fellow supporter of protective tariffs. “We’re going to bring back the name of Mount McKinley because I think he deserves it,” Trump said. In 2016, Trump had said he might change the name back, a notion he dropped when Alaska’s senators objected, per the AP. Denali is the Koyukon Athabascan name that was used by Indigenous people for centuries. It translates to “the high one” or “the great one.”

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The federal government named it Mount McKinley in 1896, which stood until Barack Obama’s administration in 2015. That switch came after years of effort by state officials and Native groups. Sen. Dan Sullivan once told an Alaska Federation of Natives conference that Trump made the same suggestion when he and Murkowski met with him at the White House in 2017. The senators objected vehemently, he said. An aide texted the Daily News that “Sen. Sullivan like many Alaskans prefers the name that the very tough, very strong, very patriotic Athabaskan people gave the mountain thousands of years ago—Denali.” (More President-elect Trump stories.)





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Alaska

Alaskan-named snowplows revealed by state

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Alaskan-named snowplows revealed by state


ANCHORAGE, Alaska (KTUU) – Coming soon to Juneau-area roads; a trio of festively-named snowplows!

After hundreds of suggested names were entered in its annual naming contest, the Alaska Department of Transportation and Public Facilities announced Monday that it had narrowed its search down to three winning names for three of its snowplows.

The winning names were Berminator, Salt-O-Saurus Rex, and Ka-PLOW.

The names were chosen by DOT staff who felt they were most appropriate and represented Alaska the best, according to Eli Kesten-Brackett, a project assistant with the department.

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“Since they move in formation, [DOT] thought it’d be cool to have them all named as a unit,” Kesten-Brackett said.

The Name-A-Snowplow contest that ended on Nov. 28 saw over 400 individual entries from residents around the state.

Kesten-Brackett said after noticing the popularity of similar contests in other snow-laden states in the Lower 48, the state thought a way to get people’s creative juices flowing was what Alaska needed.

“We thought this would be an awesome way to foster community engagement,” Kesten-Brackett said.

The winning name in the inaugural contest last year was Darth Blader, according to Kesten-Brackett.

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