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Imperial Capital started coverage on shares of Alaska Air (NYSE: ALK) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set an “in-line” rating and a $63.00 price target on the stock.

The analysts wrote, “We believe ALK represents one of the better-run airlines, with its traditional product offering and long history casting it in the role of a legacy airline. It operates in a series of attractive somewhat less competitive markets centered in the Pacific Northwest and Western U.S. The company’s careful expansion has allowed it to grow but maintain some of the highest margins of the legacy carriers. ALK’s growth has often filled in capacity where others have retreated. Nonetheless, we believe ALK’s strengths are well understood by the Street. Its premium valuation appears justified based on its performance. Accordingly, we expect the shares to trade in tandem with its peers and we rate ALK In-Line.”

A number of other firms have also recently commented on ALK. Analysts at Deutsche Bank raised their price target on shares of Alaska Air from $47.00 to $60.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase raised their price target on shares of Alaska Air from $45.00 to $64.00 in a research note to investors on Friday, April 5th. They now have a “neutral” rating on the stock. Finally, analysts at S&P Equity Research raised their price target on shares of Alaska Air from $57.00 to $68.00 in a research note to investors on Wednesday, April 3rd. They now have a “buy” rating on the stock.

One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $65.00.

Shares of Alaska Air (NYSE: ALK) traded down 0.49% during mid-day trading on Friday, hitting $59.09. Alaska Air has a one year low of $31.29 and a one year high of $64.55. The stock’s 50-day moving average is currently $57.67. The company has a market cap of $4.156 billion and a P/E ratio of 13.50.

Alaska Air (NYSE: ALK) last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $0.51 earnings per share. Alaska Air’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Alaska Air will post $5.55 earnings per share for the current fiscal year.

Alaska Air Group, Inc. (NYSE: ALK) has two subsidiaries: Alaska Airlines, Inc.

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