Alaska Air Group, Inc. (NYSE:ALK)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $145.00 target price on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 67.40% from the company’s previous close.

A number of other research firms have also weighed in on ALK. Imperial Capital lifted their price objective on shares of Alaska Air Group from $84.00 to $101.00 and gave the company an “in-line” rating in a research note on Friday, February 10th. Morgan Stanley reiterated an “overweight” rating and issued a $113.00 price objective on shares of Alaska Air Group in a research note on Wednesday, February 22nd. Cowen and Company reduced their price objective on shares of Alaska Air Group from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Thursday, February 9th. Zacks Investment Research lowered shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Finally, Vetr upgraded shares of Alaska Air Group from a “hold” rating to a “strong-buy” rating and set a $124.48 price objective for the company in a research note on Monday, March 20th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $103.62.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

Shares of Alaska Air Group (NYSE:ALK) traded up 0.05% during midday trading on Friday, hitting $86.62. The company had a trading volume of 1,325,597 shares. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 14.75 and a beta of 0.80. The company’s 50-day moving average price is $86.14 and its 200 day moving average price is $89.52. Alaska Air Group has a 12-month low of $54.51 and a 12-month high of $101.43.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Wednesday, April 26th. The transportation company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. Alaska Air Group had a net margin of 13.72% and a return on equity of 33.50%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $1.45 EPS. Alaska Air Group’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts predict that Alaska Air Group will post $7.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Tuesday, May 23rd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.39%. Alaska Air Group’s dividend payout ratio (DPR) is currently 16.79%.

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In other news, Chairman Bradley D. Tilden sold 5,600 shares of the business’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $90.75, for a total transaction of $508,200.00. Following the completion of the transaction, the chairman now directly owns 151,546 shares in the company, valued at approximately $13,752,799.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Bradley D. Tilden sold 4,700 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $84.63, for a total transaction of $397,761.00. Following the transaction, the chairman now owns 148,646 shares of the company’s stock, valued at $12,579,910.98. The disclosure for this sale can be found here. Insiders have sold a total of 32,681 shares of company stock valued at $3,085,953 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ifrah Financial Services Inc. raised its position in Alaska Air Group by 0.3% in the third quarter. Ifrah Financial Services Inc. now owns 3,561 shares of the transportation company’s stock worth $235,000 after buying an additional 10 shares during the period. Public Employees Retirement Association of Colorado raised its position in Alaska Air Group by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 3,860 shares of the transportation company’s stock worth $254,000 after buying an additional 16 shares during the period. BKD Wealth Advisors LLC raised its position in Alaska Air Group by 0.4% in the third quarter. BKD Wealth Advisors LLC now owns 4,133 shares of the transportation company’s stock worth $272,000 after buying an additional 18 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Alaska Air Group by 0.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,900 shares of the transportation company’s stock worth $257,000 after buying an additional 20 shares during the period. Finally, Regentatlantic Capital LLC raised its position in Alaska Air Group by 0.7% in the first quarter. Regentatlantic Capital LLC now owns 2,907 shares of the transportation company’s stock worth $268,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 89.01% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

12 Month Chart for NYSE:ALK

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