Alaska Air Group, Inc. (NYSE:ALK) has earned an average broker rating score of 1.63 (Buy) from the twelve brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and seven have assigned a strong buy recommendation to the company. Alaska Air Group’s rating score has declined by 20.7% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $86.58 for the company and are expecting that the company will post $1.00 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Alaska Air Group an industry rank of 218 out of 265 based on the ratings given to related companies.
A number of equities research analysts have issued reports on the company. Barclays PLC decreased their target price on Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research report on Monday, September 18th. Cowen and Company decreased their target price on Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday, September 14th. Stifel Nicolaus decreased their target price on Alaska Air Group from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Finally, Deutsche Bank AG decreased their target price on Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 26th.
Shares of Alaska Air Group (ALK) opened at C$62.42 on Monday. The company has a market capitalization of $7,680.46, a P/E ratio of 8.48 and a beta of 1.01. Alaska Air Group has a 12 month low of C$61.36 and a 12 month high of C$101.43. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Wednesday, October 25th. The company reported C$2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$2.26 by C($0.02). The firm had revenue of C$2.12 billion during the quarter, compared to the consensus estimate of C$2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.20 EPS. research analysts expect that Alaska Air Group will post 6.8 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.92%. Alaska Air Group’s payout ratio is 19.26%.
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A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Alaska Air Group by 2.3% during the second quarter. Vanguard Group Inc. now owns 11,829,247 shares of the company’s stock worth $1,061,794,000 after acquiring an additional 261,887 shares in the last quarter. Egerton Capital UK LLP raised its stake in Alaska Air Group by 51.6% during the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the company’s stock worth $341,422,000 after acquiring an additional 1,524,149 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Alaska Air Group by 4.6% in the second quarter. Franklin Resources Inc. now owns 3,348,411 shares of the company’s stock valued at $300,554,000 after buying an additional 148,061 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Alaska Air Group by 22.8% in the third quarter. Principal Financial Group Inc. now owns 1,510,663 shares of the company’s stock valued at $115,218,000 after buying an additional 280,075 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Alaska Air Group by 10.8% in the second quarter. Ameriprise Financial Inc. now owns 1,491,104 shares of the company’s stock valued at $133,835,000 after buying an additional 145,328 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.
Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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