Research Analysts’ Recent Ratings Changes for Alaska Air Group (ALK)

Several brokerages have updated their recommendations and price targets on shares of Alaska Air Group (NYSE: ALK) in the last few weeks:

  • 2/1/2018 – Alaska Air Group had its “in-line” rating reaffirmed by analysts at Imperial Capital. They now have a $66.00 price target on the stock, down previously from $70.00.
  • 1/30/2018 – Alaska Air Group was downgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating. They now have a $67.00 price target on the stock, up previously from $65.48.
  • 1/26/2018 – Alaska Air Group had its price target lowered by analysts at Buckingham Research from $90.00 to $88.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Alaska Air Group had its price target lowered by analysts at Morgan Stanley from $86.00 to $80.00. They now have an “overweight” rating on the stock.
  • 1/26/2018 – Alaska Air Group had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $84.00 price target on the stock, down previously from $93.00.
  • 1/10/2018 – Alaska Air Group had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $105.00 price target on the stock, down previously from $115.00.
  • 1/10/2018 – Alaska Air Group was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $80.00 price target on the stock, down previously from $90.00.
  • 1/9/2018 – Alaska Air Group was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $84.00 price target on the stock.
  • 12/26/2017 – Alaska Air Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Alaka Air Group has an impressive track record with respect to earnings, having surpassed the Zacks Consensus Estimate in three of the last four quarters. Its expansion initiatives are encouraging. We are also impressed by the company’s efforts to reward shareholders through dividends and buybacks. The frequent flyer partnership with the European carrier Finnair, announced in May 2017, is also a positive. However,  the company's operations have been severely hampered from the back-to-back natural calamities. Additionally, high fuel costs have been limitting bottom line growth. Though positive on the Virgin America deal, like any merger there are integration risks attached to it. Shares of Alaka Air Group have underperformed its industry on a year-to-date basis due to these headwinds.”
  • 12/18/2017 – Alaska Air Group is now covered by analysts at Standpoint Research. They set a “buy” rating and a $90.00 price target on the stock.

Alaska Air Group, Inc. (ALK) opened at $64.72 on Monday. The firm has a market cap of $7,964.51, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85. Alaska Air Group, Inc. has a 1-year low of $59.25 and a 1-year high of $101.43. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.61.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.83. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.96 billion. Alaska Air Group had a net margin of 12.96% and a return on equity of 24.40%. Alaska Air Group’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same quarter last year, the business earned $1.56 EPS. equities research analysts expect that Alaska Air Group, Inc. will post 5.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Tuesday, February 20th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, February 16th. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. Alaska Air Group’s dividend payout ratio (DPR) is 14.49%.

In related news, 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 transaction of $335,512.00. Following the transaction, the chief executive officer now owns 9,648 shares in the company, valued at approximately $656,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of Alaska Air Group stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.53, for a total transaction of $35,386.20. Following the transaction, the executive vice president now owns 20,788 shares in the company, valued at approximately $1,362,237.64. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

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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