Credit Suisse Group set a $76.00 target price on Alaska Air Group (NYSE:ALK) in a research report report published on Friday morning, Stock Target Advisor reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other analysts have also commented on ALK. Zacks Investment Research lowered Alaska Air Group from a buy rating to a hold rating in a research note on Monday, December 17th. Imperial Capital dropped their price target on Alaska Air Group from $102.00 to $90.00 and set an outperform rating for the company in a research note on Wednesday, January 9th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised Alaska Air Group from an underweight rating to a neutral rating and set a $67.00 price target for the company in a research note on Thursday, January 10th. TheStreet lowered Alaska Air Group from a b- rating to a c rating in a research note on Thursday, January 24th. Finally, Macquarie raised Alaska Air Group from a neutral rating to an outperform rating and set a $63.48 price target for the company in a research note on Monday, January 28th. Seven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Alaska Air Group presently has an average rating of Buy and an average price target of $76.03.

Shares of Alaska Air Group stock opened at $60.06 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 0.43. Alaska Air Group has a 52-week low of $53.39 and a 52-week high of $74.83. The company has a market capitalization of $7.46 billion, a PE ratio of 13.47 and a beta of 0.81.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 24th. The transportation company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. Alaska Air Group had a net margin of 5.29% and a return on equity of 15.20%. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Alaska Air Group will post 6.1 EPS for the current year.

In other Alaska Air Group news, VP Brandon Pedersen sold 4,026 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $62.00, for a total transaction of $249,612.00. Following the completion of the transaction, the vice president now owns 26,524 shares of the company’s stock, valued at $1,644,488. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew R. Harrison sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $62.93, for a total value of $251,720.00. Following the transaction, the executive vice president now directly owns 22,167 shares of the company’s stock, valued at approximately $1,394,969.31. The disclosure for this sale can be found here. Insiders have sold 8,776 shares of company stock valued at $551,687 in the last three months. Insiders own 0.43% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. lifted its position in Alaska Air Group by 18.1% during the first quarter. Raymond James Trust N.A. now owns 7,833 shares of the transportation company’s stock valued at $440,000 after buying an additional 1,202 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Alaska Air Group by 1.0% during the first quarter. Retirement Systems of Alabama now owns 57,328 shares of the transportation company’s stock valued at $3,217,000 after acquiring an additional 540 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Alaska Air Group by 12.3% during the first quarter. Virtu Financial LLC now owns 4,097 shares of the transportation company’s stock valued at $230,000 after acquiring an additional 448 shares in the last quarter. Kiley Juergens Wealth Management LLC increased its holdings in shares of Alaska Air Group by 24.9% during the first quarter. Kiley Juergens Wealth Management LLC now owns 15,377 shares of the transportation company’s stock valued at $863,000 after acquiring an additional 3,063 shares in the last quarter. Finally, CAPROCK Group Inc. bought a new position in shares of Alaska Air Group during the first quarter valued at $200,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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