Alaska Air Group Inc. Hits New 52-Week High at $80.20 (ALK)
Alaska Air Group (NYSE:ALK) set a new 52-week high on Thursday, American Banking & Market News reports. The company traded as high as $80.20 and last traded at $77.25, with a volume of 1,063,714 shares. The stock had previously closed at $75.80.
A number of research firms have recently commented on ALK. Analysts at UBS AG initiated coverage on shares of Alaska Air Group in a research note to investors on Wednesday, December 18th. They set a “buy” rating and a $99.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note to investors on Friday, December 6th. They now have a $70.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Alaska Air Group from $78.00 to $86.00 in a research note to investors on Tuesday, November 19th. They now have an “outperform” rating on the stock. One investment 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. The stock has a consensus rating of “Buy” and an average price target of $77.50.
Alaska Air Group has a 52-week low of $45.45 and a 52-week high of $78.53. The stock’s 50-day moving average is $74.13 and its 200-day moving average is $65.20. The company has a market cap of $5.381 billion and a P/E ratio of 11.37.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.09 earnings per share. Alaska Air Group’s revenue was up 22.4% compared to the same quarter last year. Analysts expect that Alaska Air Group will post $5.23 EPS for the current fiscal year.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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