Alaska Air Group Given Consensus Recommendation of “Hold” by Brokerages (NYSE:ALK)
Shares of Alaska Air Group (NYSE:ALK) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the company, American Banking News reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $51.39.
Shares of Alaska Air Group (NYSE:ALK) traded down 1.61% during mid-day trading on Friday, hitting $42.07. The stock had a trading volume of 132,735 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 $47.07 and a 200-day moving average of $45.58. The company has a market cap of $5.753 billion and a P/E ratio of 9.58.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, August 15th.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Alaska Air Group from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $46.20 price target on the stock. Separately, 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, July 30th. They now have a $53.50 price target on the stock, down previously from $56.50. Finally, 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, July 29th. They now have an “outperform” rating on the stock.
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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