Share on StockTwits

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, 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.

The Fly On The Wall

Receive News & Ratings for Alaska Air Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.