Credit Suisse Group assumed coverage on shares of Alaska Air Group (NYSE:ALK) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $81.00 price target on the transportation company’s stock.

Other equities analysts have also issued research reports about the company. TheStreet raised Alaska Air Group from a c+ rating to a b- rating in a report on Wednesday, September 19th. Buckingham Research dropped their price objective on Alaska Air Group from $84.00 to $83.00 and set a buy rating on the stock in a report on Monday, September 24th. Stifel Nicolaus dropped their price objective on Alaska Air Group from $110.00 to $100.00 and set a buy rating on the stock in a report on Friday, July 27th. Morgan Stanley set a $72.00 price target on Alaska Air Group and gave the stock a buy rating in a report on Friday, October 5th. Finally, Deutsche Bank raised their price target on Alaska Air Group from $70.00 to $72.00 and gave the stock a buy rating in a report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $78.00.

Shares of ALK stock opened at $67.30 on Monday. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 5.09 and a beta of 0.60. Alaska Air Group has a 1 year low of $57.53 and a 1 year high of $76.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.71.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, October 25th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.20 billion. Alaska Air Group had a return on equity of 15.51% and a net margin of 9.57%. Analysts predict that Alaska Air Group will post 4.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Tuesday, November 20th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Monday, November 19th. Alaska Air Group’s dividend payout ratio is currently 19.28%.

In related news, EVP Shane R. Tackett sold 3,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 8,238 shares in the company, valued at $550,380.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Andrew R. Harrison sold 930 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $62.55, for a total transaction of $58,171.50. Following the completion of the sale, the executive vice president now owns 21,562 shares of the company’s stock, valued at approximately $1,348,703.10. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

A number of large investors have recently made changes to their positions in ALK. Camarda Financial Advisors LLC acquired a new stake in shares of Alaska Air Group during the 2nd quarter valued at approximately $101,000. Centaurus Financial Inc. acquired a new stake in shares of Alaska Air Group during the 2nd quarter valued at approximately $118,000. Tower Research Capital LLC TRC acquired a new stake in shares of Alaska Air Group during the 3rd quarter valued at approximately $171,000. Rampart Investment Management Company LLC lifted its position in shares of Alaska Air Group by 113.0% during the 3rd quarter. Rampart Investment Management Company LLC now owns 2,662 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 1,412 shares during the period. Finally, IFP Advisors Inc lifted its position in shares of Alaska Air Group by 98.1% during the 3rd quarter. IFP Advisors Inc now owns 2,758 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 1,366 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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.

Further Reading: Balance Sheet

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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