Shares of Alaska Air Group, Inc. (NYSE:ALK) have been given a consensus rating of “Buy” by the seventeen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $86.65.
A number of equities research analysts have recently weighed in on ALK shares. Imperial Capital cut their price objective on Alaska Air Group from $85.00 to $70.00 and set a “line” rating on the stock in a research report on Thursday, October 26th. Bank of America cut their price objective on Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. UBS Group upgraded Alaska Air Group from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, ValuEngine upgraded Alaska Air Group from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
Shares of Alaska Air Group (NYSE ALK) traded up $0.68 during mid-day trading on Friday, hitting $64.72. The stock had a trading volume of 5,139,971 shares, compared to its average volume of 3,319,420. The company has a market cap of $7,890.00, a price-to-earnings ratio of 7.81, a P/E/G ratio of 3.31 and a beta of 0.85. Alaska Air Group has a 12-month low of $59.25 and a 12-month high of $101.43. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.61.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Tuesday, February 20th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. Alaska Air Group’s payout ratio is currently 14.48%.
In other Alaska Air Group news, EVP Andrew R. Harrison sold 540 shares of Alaska Air Group stock in a transaction 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 completion of the transaction, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Campbell sold 4,934 shares of Alaska Air Group stock in a transaction on Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the transaction, the chief executive officer now owns 9,648 shares of the company’s stock, valued at approximately $656,064. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.
A number of large investors have recently made changes to their positions in ALK. Exane Derivatives purchased a new position in Alaska Air Group during the fourth quarter valued at $105,000. Mercer Capital Advisers Inc. purchased a new position in Alaska Air Group during the third quarter valued at $116,000. Mountain Capital Investment Advisors Inc purchased a new position in Alaska Air Group during the second quarter valued at $122,000. Bank of Nova Scotia Trust Co. purchased a new position in Alaska Air Group during the third quarter valued at $153,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Alaska Air Group by 55.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after buying an additional 888 shares during the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.
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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.
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