The price target of indicates that the stock could rise by 28.68% compared to its previous close.
ALK has also been the subject of reports from other analysts. Morgan Stanley raised their Alaska Air Group target price from $71.00 up to $75.00 on Monday, 24th April. Alaska Air Group was covered in a report published on Thursday, 18th May. The stock was given a rating of 'hold'. In a report published on Tuesday, Goldman Sachs Group lowered their Alaska Air Group price target from $63.00 to $60.00. In a report published on April 3rd, Raymond James upgraded Alaska Air Group's rating from 'outperform to a strong-buy' and raised their price target for the stock to $68.00. Two analysts have assigned the stock a hold, while nine others have given it a buy and one analyst has given the firm a strong-buy rating. Trading fell $5.15 at midday on Tuesday to $48.18. The company traded 9,753,528 versus its average of 1,618,934. The 50-day moving average of the company is $49.79, and its 200 day moving average is $47.16. The company has a $6.16 billion market capitalization, a PE ratio of 104.74 and a PE/G ratio 0.35. Its beta is 1.55. Alaska Air Group's 1 year low is $37.19, and its 1 year high is $57.18. The debt-to equity ratio for the company is 0.49. Its quick ratio is 0.62, and its current ratio 0.64.
The last time the company released its results was on Tuesday, 25th July. The transportation company posted $3.00 per share in earnings for the third quarter, exceeding the consensus estimate by $0.29. The company had revenue of 2.84 billion dollars during the quarter compared with analysts' expectations of 2 billion dollars. Alaska Air Group's return on equity was 17.03%, and its net margin was 0.58%. Revenue was up 6.8% from the same quarter of last year. In the same quarter of the previous year the company earned $2.19 per share. Analysts on the sell-side expect Alaska Air Group to post 6.53 earnings per share for the current fiscal year.
Insiders Bet on the Future
On Thursday, 8th June, 5,000 shares were sold. The stock was bought at an average of $48,73 for a transaction totaling $243,650.00. The chief executive now owns approximately $5,579 877.38 worth of shares after the completion the transaction. Insiders own 0.40%.
Inflows of Institutional Capital and Outflows
A number of institutional investors recently increased or decreased their holdings in ALK. State of Michigan Retirement System increased its holdings of Alaska Air Group shares by 0.6% during the fourth quarter. State of Michigan Retirement System owns 34.462 shares of Alaska Air Group's stock, worth $1.48 million, after purchasing 200 additional shares during the last quarter. McIlrath & Eck LLC increased its stake in Alaska Air Group shares by 12.2% during the fourth quarter. McIlrath & Eck LLC owns 2,149 of the stock of the transportation company valued at $92,000, after buying an additional 234 during the period. Arizona State Retirement System increased its stake in Alaska Air Group shares by 2.7% during the first quarter. Arizona State Retirement System owns 9,187 of the transportation company’s shares valued at $385,000, after buying an additional 245 during the period. Daiwa Securities Group Inc. increased its stake in Alaska Air Group during the fourth quarter by 13.7%. Daiwa Securities Group Inc. owns 2,077 of the transportation company’s shares worth $89,000, after purchasing an additional 250 during the period. Aspire Capital Advisors LLC increased its stake in Alaska Air Group shares by 2.7% during the first quarter. Aspire Capital Advisors LLC owns 10,757 of the transportation company stock, valued at $451,000. This is after adding 280 additional shares to its portfolio. Institutional investors and hedge fund own 79.04% the company's shares.
Alaska Air Group Company Overview
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Alaska Air Group, Inc. operates airlines through its subsidiaries. The company is divided into three segments, Mainline, Regional and Horizon. The company provides scheduled air transportation on Boeing and Airbus aircraft for both passengers and cargo in the United States as well as parts of Mexico and Costa Rica. It also offers shorter distance flights within the United States and Canada.
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