Alaska Air Group (NYSE:ALK) Price Target Raised to $82.00

Alaska Air Group (NYSE:ALK) had its price objective lifted by UBS Group from $81.00 to $82.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $70.00 price objective on shares of Alaska Air Group in a report on Friday, November 15th. Bank of America boosted their price target on Alaska Air Group from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, September 13th. Melius Research raised Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Monday, October 28th. Citigroup lifted their target price on shares of Alaska Air Group from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Morgan Stanley boosted their target price on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

Alaska Air Group Stock Up 1.1 %

Shares of NYSE ALK opened at $66.26 on Tuesday. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.24 and a beta of 1.54. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. Alaska Air Group has a 12 month low of $32.62 and a 12 month high of $67.73. The stock has a 50-day moving average price of $58.10 and a two-hundred day moving average price of $46.18.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3 billion. During the same period in the prior year, the company earned $1.83 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts forecast that Alaska Air Group will post 4.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, SVP Andrea L. Schneider sold 3,700 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $63.50, for a total transaction of $234,950.00. Following the transaction, the senior vice president now directly owns 21,086 shares in the company, valued at approximately $1,338,961. This represents a 14.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Emily Halverson sold 1,329 shares of Alaska Air Group stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total transaction of $85,600.89. Following the completion of the sale, the vice president now owns 7,150 shares of the company’s stock, valued at $460,531.50. This represents a 15.67 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,473 shares of company stock valued at $2,198,342. 0.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

Institutional investors have recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in Alaska Air Group in the 2nd quarter valued at about $28,000. Pacific Center for Financial Services bought a new stake in shares of Alaska Air Group during the third quarter valued at approximately $45,000. Venturi Wealth Management LLC raised its position in shares of 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. lifted its holdings in shares of Alaska Air Group by 952.4% in the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Alaska Air Group in the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

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.