Imperial Capital reaffirmed their in-line rating on shares of Alaska Air Group Inc. (NYSE:ALK) in a research report report published on Thursday morning. Imperial Capital currently has a $84.00 price target on the stock.

A number of other equities analysts have also weighed in on ALK. JPMorgan Chase & Co. raised Alaska Air Group from a neutral rating to an overweight rating and set a $78.50 target price on the stock in a research report on Wednesday, July 27th. Morgan Stanley reissued a buy rating and issued a $85.00 price target on shares of Alaska Air Group in a research report on Thursday, August 11th. Zacks Investment Research raised Alaska Air Group from a sell rating to a hold rating in a research report on Tuesday, August 16th. Vetr lowered Alaska Air Group from a strong-buy rating to a buy rating and set a $77.17 price target for the company. in a research report on Tuesday, September 6th. Finally, Credit Suisse Group AG set a $85.00 price target on Alaska Air Group and gave the company a buy rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Alaska Air Group presently has a consensus rating of Hold and an average target price of $85.89.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

Shares of Alaska Air Group (NYSE:ALK) opened at 82.78 on Thursday. The firm has a market cap of $10.20 billion, a P/E ratio of 11.61 and a beta of 0.71. Alaska Air Group has a 12-month low of $54.51 and a 12-month high of $87.17. The stock’s 50 day moving average price is $74.46 and its 200-day moving average price is $67.46.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, October 20th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.13. Alaska Air Group had a return on equity of 34.91% and a net margin of 15.40%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm earned $2.16 earnings per share. Alaska Air Group’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Alaska Air Group will post $7.02 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.33%. Alaska Air Group’s dividend payout ratio is 15.41%.

In related news, VP Brandon Pedersen sold 9,943 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $70.52, for a total transaction of $701,180.36. Following the transaction, the vice president now directly owns 13,360 shares of the company’s stock, valued at approximately $942,147.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Bradley D. Tilden sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the transaction, the chairman now directly owns 23,900 shares in the company, valued at $1,594,608. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

Several institutional investors have recently made changes to their positions in ALK. Tower Research Capital LLC TRC boosted its position in shares of Alaska Air Group by 146.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock worth $121,000 after buying an additional 1,233 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Alaska Air Group by 9.1% in the second quarter. Pacer Advisors Inc. now owns 2,169 shares of the company’s stock worth $126,000 after buying an additional 181 shares during the period. SRB Corp boosted its position in shares of Alaska Air Group by 8.4% in the third quarter. SRB Corp now owns 2,301 shares of the company’s stock worth $152,000 after buying an additional 179 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Alaska Air Group during the third quarter worth approximately $165,000. Finally, Toronto Dominion Bank bought a new position in shares of Alaska Air Group during the third quarter worth approximately $167,000. 88.21% of the stock is currently owned by institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

5 Day Chart for NYSE:ALK

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