Share on StockTwits

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.