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Alaska Air Group (NYSE:ALK) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $95.00 target price on the stock, down from their previous target price of $100.00. Stifel Nicolaus’ price target would suggest a potential downside of 4.44% from the stock’s previous close. The analysts noted that the move was a valuation call.

Alaska Air Group (NYSE:ALK) opened at 99.41 on Friday. Alaska Air Group has a one year low of $50.31 and a one year high of $100.09. The stock’s 50-day moving average is $94.94 and its 200-day moving average is $84.22. The company has a market cap of $6.831 billion and a P/E ratio of 12.39.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Friday, April 25th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Alaska Air Group will post $7.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 21st.

In other Alaska Air Group news, COO Benito Minicucci sold 2,489 shares of the stock on the open market in a transaction dated Friday, May 23rd. The stock was sold at an average price of $98.03, for a total value of $243,996.67. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of other analysts have also recently weighed in on ALK. Analysts at JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $111.00 to $113.50 in a research note on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Alaska Air Group from $70.00 to $85.00 in a research note on Monday, April 28th. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $99.74.

Alaska Air Group, Inc is a holding company of Alaska Airlines, Inc (NYSE:ALK) and Horizon Air Industries, Inc (Horizon), which together with its partner regional airlines, serve 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico.

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