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
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
(Get Free Report
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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