Alaska Air Group (NYSE:ALK) Earns Buy Rating from UBS Group

Alaska Air Group (NYSE:ALK)‘s stock had its “buy” rating reiterated by UBS Group in a report issued on Tuesday, Marketbeat reports. They currently have a $72.00 price target on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 36.75% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Bank of America upped their price objective on shares of Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. TD Cowen reduced their price target on Alaska Air Group from $52.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Melius Research raised 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. Citigroup cut their price objective on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Susquehanna increased their target price on Alaska Air Group from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.69.

Alaska Air Group Trading Down 0.5 %

Alaska Air Group stock opened at $52.65 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a market cap of $6.68 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. The stock has a 50-day moving average of $46.92 and a two-hundred day moving average of $41.80. Alaska Air Group has a one year low of $32.00 and a one year high of $54.14.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data 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. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 earnings per share. On average, research analysts anticipate that Alaska Air Group will post 4.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds have recently bought and sold shares of ALK. Assenagon Asset Management S.A. grew its position in shares of Alaska Air Group by 2,087.8% in the third quarter. Assenagon Asset Management S.A. now owns 762,889 shares of the transportation company’s stock valued at $34,490,000 after purchasing an additional 728,019 shares during the last quarter. Wellington Management Group LLP purchased a new position in Alaska Air Group during the third quarter worth $26,390,000. Charles Schwab Investment Management Inc. increased its position in Alaska Air Group by 45.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,422,247 shares of the transportation company’s stock worth $64,300,000 after buying an additional 442,331 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Alaska Air Group by 5.8% in the second 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 during the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Alaska Air Group in the second quarter valued at $11,475,000. 81.90% of the stock is owned by hedge funds and other 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.