Alaska Air Group (ALK) PT Raised to $68.00 at Imperial Capital

Alaska Air Group (NYSE:ALK) had its price objective upped by stock analysts at Imperial Capital from $66.00 to $68.00 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has an “in-line” rating on the transportation company’s stock. Imperial Capital’s target price indicates a potential upside of 4.63% from the stock’s previous close. Imperial Capital also issued estimates for Alaska Air Group’s Q2 2018 earnings at $1.91 EPS and FY2019 earnings at $7.20 EPS.

A number of other analysts also recently weighed in on the company. Citigroup boosted their target price on Alaska Air Group from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley boosted their target price on Alaska Air Group from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday. TheStreet cut Alaska Air Group from a “b-” rating to a “c+” rating in a research note on Monday, April 2nd. ValuEngine cut Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research raised Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $83.86.

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NYSE:ALK opened at $64.99 on Tuesday. The company has a market capitalization of $8,020.61, a P/E ratio of 9.79, a PEG ratio of 1.52 and a beta of 0.75. Alaska Air Group has a 1-year low of $57.60 and a 1-year high of $95.75. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.61.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, January 25th. The transportation company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.39% and a net margin of 12.96%. Alaska Air Group’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. equities analysts forecast that Alaska Air Group will post 5.54 EPS for the current fiscal year.

In other news, VP Christopher Michael Berry sold 460 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $97.00, for a total transaction of $44,620.00. Following the transaction, the vice president now directly owns 1,997 shares of the company’s stock, valued at $193,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brandon Pedersen sold 2,700 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $65.14, for a total value of $175,878.00. Following the transaction, the vice president now directly owns 26,888 shares in the company, valued at $1,751,484.32. The disclosure for this sale can be found here. Insiders sold a total of 13,373 shares of company stock worth $884,697 over the last ninety days. Insiders own 0.56% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ALK. Exane Derivatives purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $105,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Alaska Air Group by 55.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,495 shares of the transportation company’s stock valued at $186,000 after buying an additional 888 shares during the period. Wetherby Asset Management Inc. purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $206,000. Nwam LLC purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $214,000. Finally, Hourglass Capital LLC purchased a new position in shares of Alaska Air Group during the fourth quarter valued at approximately $217,000. 86.33% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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