Alaska Air Group, Inc. (ALK) Receives Average Rating of “Buy” from Brokerages
Alaska Air Group, Inc. (NYSE:ALK) has earned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $91.62.
A number of equities analysts have weighed in on ALK shares. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub raised shares of Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Morgan Stanley cut their target price on shares of Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, July 17th. ValuEngine downgraded shares of Alaska Air Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen and Company reissued a “buy” rating and issued a $103.00 target price on shares of Alaska Air Group in a research note on Tuesday, September 12th.
In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,350 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $86.03, for a total transaction of $202,170.50. Following the completion of the transaction, the executive vice president now directly owns 21,328 shares of the company’s stock, valued at approximately $1,834,847.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Bradley D. Tilden sold 2,400 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total transaction of $205,992.00. Following the transaction, the chairman now directly owns 140,346 shares of the company’s stock, valued at $12,045,897.18. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/01/alaska-air-group-inc-alk-receives-average-rating-of-buy-from-brokerages.html.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 EPS.
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.
Receive News & Ratings for Alaska Air Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Air Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.