Alaska Air Price Target Raised to $70.00 at UBS AG (ALK)
UBS AG has also updated their ratings on a number of other services stocks in the last week. The firm raised its price target on shares of Jetblue Airways Corp from $7.00 to $8.00. They have a buy rating on that stock. Also, UBS AG raised its price target on shares of Allegiant Travel from $90.00 to $101.00. They have a buy rating on that stock.
Several other analysts have also recently commented on the stock. Analysts at Dahlman Rose raised their price target on shares of Alaska Air from $53.00 to $63.00 in a research note to investors on Monday, March 4th. They now have a buy rating on the stock. Analysts at Barclays Capital raised their price target on shares of Alaska Air from $35.00 to $48.00 in a research note to investors on Thursday, January 17th. They now have an underweight rating on the stock.
Seven research analysts have rated the stock with a buy rating, two have assigned an overweight rating, three have given a hold rating, and two have issued a sell rating to the company. The stock currently has an average rating of overweight and a consensus target price of $58.55.
Shares of Alaska Air traded down 0.11% during mid-day trading on Friday, hitting $57.05. Alaska Air has a 52 week low of $31.29 and a 52 week high of $57.56. The stock’s 50-day moving average is currently $49.78. The company has a market cap of $4.013 billion and a P/E ratio of 12.98.
Alaska Air Group, Inc. (Air Group) has two subsidiaries: Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc.
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