Investment analysts at Susquehanna Bancshares assumed coverage on shares of Alaska Air Group (NYSE:ALK) in a research note issued on Tuesday, The Fly reports. The brokerage set a “neutral” rating and a $67.00 price target on the transportation company’s stock. Susquehanna Bancshares’ price objective would indicate a potential downside of 4.38% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Imperial Capital reaffirmed an “in-line” rating and issued a $70.00 target price (up from $68.00) on shares of Alaska Air Group in a report on Tuesday, August 6th. Buckingham Research raised their target price on Alaska Air Group from $78.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Macquarie cut Alaska Air Group from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $79.00 to $63.00 in a report on Monday, July 29th. UBS Group initiated coverage on Alaska Air Group in a report on Tuesday, November 12th. They issued a “neutral” rating and a $75.00 target price on the stock. Finally, Citigroup set a $66.00 price target on Alaska Air Group and gave the company a “hold” rating in a report on Friday, July 26th. Ten research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $72.50.

Shares of NYSE ALK traded up $0.01 during midday trading on Tuesday, hitting $70.07. 471,129 shares of the stock traded hands, compared to its average volume of 1,223,219. The firm has a 50-day moving average of $68.08 and a two-hundred day moving average of $63.79. The firm has a market capitalization of $8.67 billion, a P/E ratio of 15.71, a PEG ratio of 0.57 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.66. Alaska Air Group has a one year low of $53.39 and a one year high of $74.83.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 24th. The transportation company reported $2.63 EPS for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.11. Alaska Air Group had a return on equity of 18.06% and a net margin of 7.09%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the firm earned $1.91 EPS. Alaska Air Group’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts forecast that Alaska Air Group will post 6.34 earnings per share for the current fiscal year.

In other Alaska Air Group news, CFO Brandon Pedersen sold 3,830 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $71.00, for a total transaction of $271,930.00. Following the sale, the chief financial officer now directly owns 23,830 shares of the company’s stock, valued at $1,691,930. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Shane R. Tackett sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $69.95, for a total value of $104,925.00. Following the sale, the executive vice president now directly owns 8,465 shares in the company, valued at $592,126.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,804 shares of company stock worth $748,409. Insiders own 0.43% of the company’s stock.

Several institutional investors have recently modified their holdings of ALK. TRUE Private Wealth Advisors purchased a new position in shares of Alaska Air Group during the second quarter valued at about $25,000. Point72 Hong Kong Ltd purchased a new position in shares of Alaska Air Group during the second quarter valued at about $29,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Alaska Air Group during the third quarter valued at about $29,000. NuWave Investment Management LLC purchased a new position in shares of Alaska Air Group during the second quarter valued at about $45,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Alaska Air Group during the second quarter valued at about $64,000. Hedge funds and other institutional investors own 87.92% 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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The Fly

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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