Alaska Air Group PT Raised to $78.00 at Imperial Capital (ALK)
Research analysts at Imperial Capital boosted their price target on shares of Alaska Air Group (NYSE:ALK) from $70.00 to $78.00 in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 11.19% from the stock’s previous close.
Alaska Air Group (NYSE:ALK) traded up 0.67% during mid-day trading on Friday, hitting $70.15. The stock had a trading volume of 530,187 shares. Alaska Air Group has a one year low of $32.69 and a one year high of $68.00. The stock has a 50-day moving average of $59.53 and a 200-day moving average of $58.8. The company has a market cap of $4.901 billion and a P/E ratio of 14.25.
Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 24th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.23. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, analysts predict that Alaska Air Group will post $5.12 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ALK. Analysts at Deutsche Bank downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 8th. They now have a $70.00 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $64.00 to $67.00 in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Alaska Air Group presently has an average rating of “Buy” and a consensus price target of $71.32.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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