Shares of Alaska Air Group, Inc. (NYSE:ALK) have been assigned a consensus recommendation of “Buy” from the seventeen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $87.96.

Several research firms have weighed in on ALK. Barclays decreased their target price on shares of Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Morgan Stanley reiterated an “overweight” rating on shares of Alaska Air Group in a report on Monday, September 18th. Deutsche Bank decreased their target price on shares of Alaska Air Group from $99.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Stifel Nicolaus decreased their target price on shares of Alaska Air Group from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. lowered shares of Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 target price on the stock. in a report on Wednesday, November 1st.

In related news, CEO David L. Campbell sold 4,934 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $68.00, for a total transaction of $335,512.00. Following the sale, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at approximately $656,064. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.53, for a total transaction of $35,386.20. Following the sale, the executive vice president now directly owns 20,788 shares in the company, valued at $1,362,237.64. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Capital Advisers Inc. acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $116,000. Mountain Capital Investment Advisors Inc acquired a new position in Alaska Air Group during the 2nd quarter worth approximately $122,000. Bank of Nova Scotia Trust Co. acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $153,000. Harbour Capital Advisors LLC acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $200,000. Finally, Tocqueville Asset Management L.P. acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $207,000. 88.61% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group (NYSE:ALK) traded down $1.29 during trading hours on Monday, reaching $73.52. 2,945,425 shares of the company’s stock traded hands, compared to its average volume of 1,856,267. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. The firm has a market cap of $9,050.00, a price-to-earnings ratio of 11.78 and a beta of 1.03. Alaska Air Group has a 12 month low of $61.10 and a 12 month high of $101.43.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.02). The firm 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 business’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. sell-side analysts anticipate that Alaska Air Group will post 6.65 EPS for the current year.

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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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