TheStreet upgraded shares of Alaska Air Group (NYSE:ALK) from a c+ rating to a b- rating in a research report sent to investors on Wednesday, September 19th.

Several other research firms have also issued reports on ALK. Bank of America reduced their price objective on shares of Alaska Air Group from $70.00 to $66.00 and set a neutral rating for the company in a research note on Friday, July 27th. Zacks Investment Research lowered shares of Alaska Air Group from a hold rating to a strong sell rating in a research report on Tuesday, July 10th. Macquarie lowered shares of Alaska Air Group from an outperform rating to a neutral rating in a research report on Monday, July 30th. Citigroup cut their target price on shares of Alaska Air Group from $73.00 to $69.00 and set a neutral rating for the company in a research report on Tuesday, May 29th. Finally, Imperial Capital cut their target price on shares of Alaska Air Group from $65.00 to $62.00 and set an inline rating for the company in a research report on Wednesday, June 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $76.92.

Shares of NYSE:ALK traded up $1.76 during trading on Wednesday, reaching $61.57. 3,093,082 shares of the company traded hands, compared to its average volume of 2,133,158. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 0.56. Alaska Air Group has a 1-year low of $57.53 and a 1-year high of $81.77. The firm has a market capitalization of $8.48 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.54.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, July 26th. The transportation company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. Alaska Air Group had a net margin of 10.28% and a return on equity of 16.99%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the previous year, the business earned $2.48 EPS. Alaska Air Group’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Alaska Air Group will post 4.2 earnings per share for the current fiscal year.

In other news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $66.81, for a total transaction of $200,430.00. Following the transaction, the executive vice president now owns 8,238 shares in the company, valued at approximately $550,380.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Several large investors have recently bought and sold shares of ALK. Camarda Financial Advisors LLC bought a new stake in Alaska Air Group in the second quarter valued at about $101,000. Mount Yale Investment Advisors LLC bought a new stake in Alaska Air Group in the first quarter valued at about $105,000. Centaurus Financial Inc. bought a new stake in Alaska Air Group in the second quarter valued at about $118,000. Asset Management One Co. Ltd. increased its stake in Alaska Air Group by 307.9% in the first quarter. Asset Management One Co. Ltd. now owns 2,178 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 1,644 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Alaska Air Group in the third quarter valued at about $209,000. Institutional investors own 88.72% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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