Alaska Air Group, Inc. (NYSE:ALK)‘s stock had its “overweight” rating reiterated by investment analysts at Morgan Stanley in a report issued on Monday.

Other equities research analysts have also issued reports about the company. Cowen and Company dropped their price target on Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, September 14th. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research report on Tuesday, July 4th. Bank of America Corporation lifted their price target on Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Stifel Nicolaus restated a “buy” rating and set a $145.00 price target on shares of Alaska Air Group in a research report on Friday, May 26th. Finally, BidaskClub upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $106.55.

Alaska Air Group (NYSE ALK) opened at 73.07 on Monday. Alaska Air Group has a one year low of $64.19 and a one year high of $101.43. The company has a market capitalization of $9.03 billion, a PE ratio of 11.88 and a beta of 1.00. The company has a 50 day moving average price of $78.92 and a 200-day moving average price of $86.92.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.52 by ($0.01). Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the firm earned $2.12 earnings per share. The company’s revenue for the quarter was up 40.7% compared to the same quarter last year. Analysts expect that Alaska Air Group will post $7.66 EPS for the current fiscal year.

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In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,350 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $86.03, for a total value of $202,170.50. Following the sale, the executive vice president now directly owns 21,328 shares of the company’s stock, valued at $1,834,847.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bradley D. Tilden sold 2,400 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $85.83, for a total value of $205,992.00. Following the completion of the sale, the chairman now directly owns 140,346 shares in the company, valued at $12,045,897.18. The disclosure for this sale can be found here. Insiders sold 10,350 shares of company stock worth $937,251 over the last three months. Corporate insiders own 0.57% of the company’s stock.

Several hedge funds have recently bought and sold shares of ALK. Strs Ohio raised its stake in shares of Alaska Air Group by 22.2% in the first quarter. Strs Ohio now owns 5,555 shares of the transportation company’s stock worth $512,000 after purchasing an additional 1,008 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Alaska Air Group by 19.5% in the first quarter. American Century Companies Inc. now owns 70,151 shares of the transportation company’s stock worth $6,469,000 after purchasing an additional 11,440 shares during the last quarter. Comerica Bank raised its stake in shares of Alaska Air Group by 1.9% in the first quarter. Comerica Bank now owns 30,966 shares of the transportation company’s stock worth $2,630,000 after purchasing an additional 572 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Alaska Air Group by 15.3% in the first quarter. LS Investment Advisors LLC now owns 2,836 shares of the transportation company’s stock worth $262,000 after purchasing an additional 377 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Alaska Air Group in the first quarter worth $4,514,000. Hedge funds and other institutional investors own 87.76% of the company’s stock.

Alaska Air Group Company Profile

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.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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