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Research analysts at Deutsche Bank lowered their price objective on shares of Alaska Air Group (NYSE:ALK) from $85.00 to $42.50 in a report released on Friday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 13.28% from the company’s current price.

Alaska Air Group (NYSE:ALK) traded up 0.55% on Friday, hitting $49.28. The stock had a trading volume of 781,101 shares. Alaska Air Group has a 52 week low of $28.035 and a 52 week high of $50.49. The stock has a 50-day moving average of $48.36 and a 200-day moving average of $44.4. The company has a market cap of $6.773 billion and a P/E ratio of 12.22.

Alaska Air Group (NYSE:ALK) last posted its quarterly 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 $3.61 earnings per share for the current fiscal year.

In other Alaska Air Group news, Insider Glenn S. Johnson unloaded 11,442 shares of Alaska Air Group stock on the open market in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $97.39, for a total transaction of $1,114,336.38. The sale was disclosed in a filing with the SEC, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Alaska Air Group in a research note on Friday. They now have a $54.00 price target on the stock, down previously from $100.00. Separately, analysts at Stifel Nicolaus downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. They now have a $47.50 price target on the stock, down previously from $50.00. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $55.50 to $56.75 in a research note on Tuesday, May 27th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $50.27.

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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