Alaska Air Group (NYSE:ALK) PT Raised to $52.00

Alaska Air Group (NYSE:ALK) had its price target hoisted by TD Cowen from $51.00 to $52.00 in a research note issued to investors on Friday, Benzinga reports. TD Cowen currently has a buy rating on the transportation company’s stock.

ALK has been the subject of several other research reports. Morgan Stanley lowered their price objective on Alaska Air Group from $75.00 to $70.00 and set an overweight rating for the company in a research report on Monday, July 22nd. Susquehanna lowered their price target on shares of Alaska Air Group from $42.00 to $41.00 and set a neutral rating for the company in a report on Tuesday, July 16th. Wolfe Research raised shares of Alaska Air Group from a peer perform rating to an outperform rating and set a $55.00 price target on the stock in a report on Friday, May 17th. Finally, Citigroup decreased their price objective on shares of Alaska Air Group from $51.00 to $48.00 and set a buy rating on the stock in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has an average rating of Moderate Buy and an average price target of $54.00.

Alaska Air Group Stock Performance

Alaska Air Group stock opened at $41.35 on Friday. The firm has a fifty day simple moving average of $36.94 and a two-hundred day simple moving average of $39.84. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. Alaska Air Group has a twelve month low of $30.75 and a twelve month high of $46.15. The company has a market capitalization of $5.25 billion, a PE ratio of 22.11, a P/E/G ratio of 0.60 and a beta of 1.59.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, July 18th. The transportation company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.36 by $0.19. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.94 billion. Alaska Air Group had a return on equity of 11.85% and a net margin of 2.14%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.00 earnings per share. Research analysts expect that Alaska Air Group will post 4.17 EPS for the current year.

Institutional Trading of Alaska Air Group

Large investors have recently bought and sold shares of the company. Capital Research Global Investors bought a new stake in shares of Alaska Air Group during the first quarter valued at approximately $36,993,000. Frontier Capital Management Co. LLC boosted its holdings in shares of Alaska Air Group by 238.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 869,045 shares of the transportation company’s stock valued at $33,954,000 after buying an additional 612,575 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Alaska Air Group by 4,198.3% during the 4th quarter. Franklin Resources Inc. now owns 571,589 shares of the transportation company’s stock valued at $22,332,000 after buying an additional 558,291 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Alaska Air Group by 319.5% in the 4th quarter. Principal Financial Group Inc. now owns 674,055 shares of the transportation company’s stock worth $26,335,000 after buying an additional 513,373 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Alaska Air Group by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,504,583 shares of the transportation company’s stock worth $262,789,000 after acquiring an additional 357,907 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.