Alaska Air Group, Inc. (NYSE:ALK) was upgraded by investment analysts at UBS AG from an “outperform” rating to a “strong-buy” rating in a research report issued on Wednesday, The Fly reports.

Several other equities analysts have also issued reports on the company. J P Morgan Chase & Co lowered Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price objective on the stock. in a report on Wednesday, November 1st. Buckingham Research dropped their price objective on Alaska Air Group from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Barclays PLC dropped their price objective on Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Deutsche Bank AG dropped their price objective on Alaska Air Group from $99.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Finally, Morgan Stanley raised their price objective on Alaska Air Group from $83.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $91.27.

Shares of Alaska Air Group (ALK) traded up $0.53 during mid-day trading on Wednesday, hitting $66.40. The company’s stock had a trading volume of 1,814,120 shares, compared to its average volume of 2,533,364. The stock has a market capitalization of $8,170.18, a price-to-earnings ratio of 9.02 and a beta of 1.01. Alaska Air Group has a 12 month low of $61.10 and a 12 month high of $101.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.02). The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The business’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.20 EPS. research analysts forecast that Alaska Air Group will post 6.78 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Alaska Air Group by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,183 shares of the transportation company’s stock valued at $824,000 after purchasing an additional 24 shares during the period. ING Groep NV lifted its position in Alaska Air Group by 0.5% in the second quarter. ING Groep NV now owns 6,325 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc lifted its position in Alaska Air Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 11,691 shares of the transportation company’s stock valued at $1,049,000 after purchasing an additional 44 shares during the period. MML Investors Services LLC lifted its position in Alaska Air Group by 1.0% in the second quarter. MML Investors Services LLC now owns 5,392 shares of the transportation company’s stock valued at $484,000 after purchasing an additional 51 shares during the period. Finally, Empirical Finance LLC lifted its position in Alaska Air Group by 0.3% in the second quarter. Empirical Finance LLC now owns 25,002 shares of the transportation company’s stock valued at $2,245,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 88.37% 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.

The Fly

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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