Alaska Air Group (NYSE:ALK) Receives “Buy” Rating from UBS Group

UBS Group restated their buy rating on shares of Alaska Air Group (NYSE:ALK) in a research note issued to investors on Tuesday morning, MarketBeat reports. The firm currently has a $72.00 price target on the transportation company’s stock.

Several other research firms have also recently issued reports on ALK. Susquehanna raised their price target on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Melius upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, October 28th. Melius Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Alaska Air Group in a report on Friday, November 15th. Finally, Bank of America raised their price target on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.69.

Alaska Air Group Trading Down 1.0 %

ALK opened at $52.93 on Tuesday. Alaska Air Group has a 1-year low of $32.00 and a 1-year high of $54.14. The stock has a market capitalization of $6.72 billion, a PE ratio of 21.34, a PEG ratio of 1.19 and a beta of 1.59. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average price of $46.68 and a two-hundred day moving average price of $41.74.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter last year, the business posted $1.83 earnings per share. Alaska Air Group’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities analysts anticipate that Alaska Air Group will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Alaska Air Group in the second quarter valued at approximately $28,000. Pacific Center for Financial Services acquired a new stake in Alaska Air Group during the 3rd quarter valued at $45,000. Venturi Wealth Management LLC boosted its position in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares during the period. Pacifica Partners Inc. increased its holdings in shares of Alaska Air Group by 952.4% in the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Alaska Air Group in the third quarter valued at about $52,000. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Company Profile

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.