Alaska Air Group, Inc. (NYSE:ALK) has earned an average rating of “Buy” from the eighteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $73.25.

A number of brokerages recently weighed in on ALK. Zacks Investment Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Morgan Stanley increased their price target on shares of Alaska Air Group from $76.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. ValuEngine downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Citigroup set a $66.00 price target on shares of Alaska Air Group and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. upgraded shares of Alaska Air Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $71.00 to $72.00 in a research report on Tuesday, April 30th.

NYSE:ALK traded down $0.48 during mid-day trading on Tuesday, reaching $60.11. 740,400 shares of the company were exchanged, compared to its average volume of 1,371,582. Alaska Air Group has a 12 month low of $53.39 and a 12 month high of $74.83. The company has a fifty day moving average of $63.34 and a 200 day moving average of $61.31. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.75. The stock has a market cap of $7.47 billion, a PE ratio of 13.48, a PEG ratio of 0.48 and a beta of 0.86.

Alaska Air Group (NYSE:ALK) last released its earnings results on Thursday, July 25th. The transportation company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.06. Alaska Air Group had a net margin of 6.00% and a return on equity of 16.28%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the company posted $1.66 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that Alaska Air Group will post 5.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, August 19th. This represents a $1.40 annualized dividend and a yield of 2.33%. Alaska Air Group’s dividend payout ratio (DPR) is currently 31.39%.

In other Alaska Air Group news, VP Kyle B. Levine sold 2,430 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $65.00, for a total transaction of $157,950.00. Following the sale, the vice president now directly owns 8,039 shares in the company, valued at approximately $522,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. TRUE Private Wealth Advisors bought a new position in shares of Alaska Air Group during the 2nd quarter worth approximately $25,000. Investors Research Corp bought a new position in shares of Alaska Air Group during the 1st quarter worth approximately $28,000. Point72 Hong Kong Ltd bought a new position in shares of Alaska Air Group during the 2nd quarter worth approximately $29,000. Icon Wealth Partners LLC bought a new position in shares of Alaska Air Group during the 1st quarter worth approximately $36,000. Finally, Sandy Spring Bank grew its stake in shares of Alaska Air Group by 58.8% during the 1st quarter. Sandy Spring Bank now owns 794 shares of the transportation company’s stock worth $45,000 after acquiring an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 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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