Alaska Air Group Given Average Recommendation of “Hold” by Brokerages (NYSE:ALK)
Alaska Air Group (NYSE:ALK) has earned an average rating of “Hold” from the twelve analysts that are currently covering the company, AmericanBankingNews.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.39.
Shares of Alaska Air Group (NYSE:ALK) opened at 43.88 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 $46.83 and its 200-day moving average is $45.63. The company has a market cap of $5.919 billion and a P/E ratio of 9.68.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, August 15th.
A number of analysts have recently weighed in on ALK shares. 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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