Alaska Air Group (NYSE:ALK) had its price objective increased by Deutsche Bank from $70.00 to $72.00 in a report issued on Wednesday morning. They currently have a buy rating on the transportation company’s stock.

Other analysts have also recently issued reports about the stock. Citigroup decreased their target price on shares of Alaska Air Group from $69.00 to $68.00 and set a neutral rating on the stock in a research report on Monday, June 18th. Stifel Nicolaus decreased their target price on shares of Alaska Air Group from $110.00 to $100.00 and set a buy rating on the stock in a research report on Friday, July 27th. Buckingham Research decreased their target price on shares of Alaska Air Group from $84.00 to $83.00 and set a buy rating on the stock in a research report on Monday, September 24th. ValuEngine upgraded shares of Alaska Air Group from a sell rating to a hold rating in a research report on Monday, July 30th. Finally, Imperial Capital decreased their target price on shares of Alaska Air Group from $65.00 to $62.00 and set an inline rating on the stock in a research report on Wednesday, June 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $76.92.

Shares of ALK stock opened at $61.57 on Wednesday. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 2.36 and a beta of 0.54. Alaska Air Group has a 52 week low of $57.53 and a 52 week high of $81.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.73.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, July 26th. The transportation company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.63 by $0.03. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Alaska Air Group had a net margin of 10.28% and a return on equity of 16.99%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. As a group, equities analysts expect that Alaska Air Group will post 4.2 earnings per share for the current fiscal year.

In related news, EVP Shane R. Tackett sold 3,000 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $66.81, for a total value of $200,430.00. Following the sale, the executive vice president now directly owns 8,238 shares of the company’s stock, valued at approximately $550,380.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Camarda Financial Advisors LLC purchased a new stake in Alaska Air Group in the 2nd quarter worth about $101,000. Mount Yale Investment Advisors LLC bought a new position in Alaska Air Group in the 1st quarter worth about $105,000. Centaurus Financial Inc. bought a new position in Alaska Air Group in the 2nd quarter worth about $118,000. Asset Management One Co. Ltd. grew its stake in Alaska Air Group by 307.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 2,178 shares of the transportation company’s stock worth $135,000 after acquiring an additional 1,644 shares in the last quarter. Finally, BDO Wealth Advisors LLC grew its stake in Alaska Air Group by 485.0% in the 1st quarter. BDO Wealth Advisors LLC now owns 3,071 shares of the transportation company’s stock worth $190,000 after acquiring an additional 2,546 shares in the last quarter. 88.72% of the stock is currently owned by institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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