Alaska Air Group, Inc. (ALK) Upgraded to Strong-Buy at UBS AG

Alaska Air Group, Inc. (NYSE:ALK) was upgraded by research analysts at UBS AG from an “outperform” rating to a “strong-buy” rating in a research note issued on Wednesday.

ALK has been the topic of a number of other research reports. Bank of America Corporation cut their price objective on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. BidaskClub cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Morgan Stanley reissued an “overweight” rating on shares of Alaska Air Group in a research report on Monday, September 18th. Stifel Nicolaus cut their price objective on shares of Alaska Air Group from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Finally, Macquarie started coverage on shares of Alaska Air Group in a research report on Monday, September 25th. They set an “outperform” rating and a $94.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Alaska Air Group has a consensus rating of “Buy” and an average price target of $92.34.

Shares of Alaska Air Group (NYSE:ALK) opened at $61.68 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. The company has a market cap of $7,594.33, a price-to-earnings ratio of 8.39 and a beta of 1.01. Alaska Air Group has a 1 year low of $61.36 and a 1 year high of $101.43.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.13 billion. Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business’s revenue was up 35.4% compared to the same quarter last year. During the same period last year, the company posted $2.20 EPS. equities research analysts expect that Alaska Air Group will post 6.8 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of ALK. Mercer Capital Advisers Inc. purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $116,000. Mountain Capital Investment Advisors Inc purchased a new stake in Alaska Air Group in the 2nd quarter valued at about $122,000. Bank of Nova Scotia Trust Co. purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $153,000. Bessemer Group Inc. increased its stake in Alaska Air Group by 57.9% in the 2nd quarter. Bessemer Group Inc. now owns 1,895 shares of the transportation company’s stock valued at $171,000 after buying an additional 695 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $200,000. 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.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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