Alaska Air Group Stock Rating Lowered by Raymond James (ALK)
Alaska Air Group (NYSE:ALK) was downgraded by Raymond James from an “outperform” rating to a “market perform” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
In other Alaska Air Group news, SVP Joseph A. Sprague sold 3,000 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $46.38, for a total transaction of $139,140.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Alaska Air Group (NYSE:ALK) opened at 47.63 on Friday. Alaska Air Group has a 52-week low of $28.405 and a 52-week high of $50.49. The stock has a 50-day moving average of $45.92 and a 200-day moving average of $46.53. The company has a market cap of $6.424 billion and a P/E ratio of 10.65.
ALK has been the subject of a number of other recent research reports. 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $51.15.
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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