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

Alaska Air Group (NYSE:ALK)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a $72.00 target price on the transportation company’s stock. UBS Group’s price objective indicates a potential upside of 36.75% from the company’s current price.

ALK has been the topic of several other reports. Evercore ISI dropped their price objective on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Melius raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, October 28th. 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 report on Monday, October 28th. Susquehanna increased their target price on Alaska Air Group from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, TD Cowen lowered 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.69.

Alaska Air Group Trading Down 0.5 %

Shares of ALK opened at $52.65 on Tuesday. The stock’s fifty day simple moving average is $46.92 and its 200 day simple moving average is $41.80. The firm has a market capitalization of $6.68 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. 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 twelve month low of $32.00 and a twelve month high of $54.14.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.03. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the firm earned $1.83 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Alaska Air Group will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Alaska Air Group

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