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Alaska Air Group (NYSE:ALK) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Friday. They currently have a $46.20 price objective on the stock. Zacks‘s target price suggests a potential upside of 3.94% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Alaska Air Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday. They now have a $53.50 price target on the stock, down previously from $56.50. Separately, analysts at Imperial Capital raised their price target on shares of Alaska Air Group from $56.00 to $60.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at CRT Capital raised their price target on shares of Alaska Air Group from $57.00 to $58.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Alaska Air Group has an average rating of “Hold” and an average target price of $51.39.

Alaska Air Group (NYSE:ALK) opened at 44.45 on Friday. Alaska Air Group has a 1-year low of $28.035 and a 1-year high of $50.49. The stock’s 50-day moving average is $47.5 and its 200-day moving average is $45.48. The company has a market cap of $6.078 billion and a P/E ratio of 9.85. Alaska Air Group also was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 8,821,130 shares, a growth of 125.0% from the June 30th total of 3,919,644 shares. Based on an average daily volume of 1,547,392 shares, the days-to-cover ratio is presently 5.7 days. Currently, 6.5% of the company’s shares are short sold.

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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