Alaska Air Group (NYSE:ALK) Receives “Buy” Rating from UBS Group

UBS Group reissued their buy rating on shares of Alaska Air Group (NYSE:ALK) in a report published on Tuesday, MarketBeat Ratings reports. They currently have a $72.00 price objective on the transportation company’s stock.

A number of other equities research analysts also recently issued reports on the company. TD Cowen reduced their price target 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. Susquehanna raised their price target on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Evercore ISI decreased their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Citigroup cut their price target on shares of Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.69.

Alaska Air Group Stock Down 1.0 %

ALK stock opened at $52.93 on Tuesday. Alaska Air Group has a fifty-two week low of $32.00 and a fifty-two week high of $54.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.19 and a beta of 1.59. The business’s fifty day moving average price is $46.68 and its two-hundred day moving average price is $41.74.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.03. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.83 earnings per share. On average, equities analysts anticipate that Alaska Air Group will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Alaska Air Group

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in Alaska Air Group in the 1st quarter valued at approximately $280,000. Price T Rowe Associates Inc. MD raised its stake in shares of Alaska Air Group by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 69,382 shares of the transportation company’s stock valued at $2,983,000 after acquiring an additional 3,652 shares during the last quarter. Comerica Bank lifted its holdings in shares of Alaska Air Group by 88.0% during the first quarter. Comerica Bank now owns 174,178 shares of the transportation company’s stock worth $7,488,000 after purchasing an additional 81,533 shares during the period. EMC Capital Management grew its stake in shares of Alaska Air Group by 322.5% in the first quarter. EMC Capital Management now owns 7,182 shares of the transportation company’s stock worth $309,000 after purchasing an additional 5,482 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Alaska Air Group by 211.7% in the first quarter. Cetera Investment Advisers now owns 47,770 shares of the transportation company’s stock valued at $2,054,000 after purchasing an additional 32,442 shares during the period. 81.90% of the stock is currently owned by institutional investors.

About Alaska Air Group

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.