Alaska Air Group (NYSE:ALK) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $70.00 price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 14.14% from the stock’s previous close.
Shares of Alaska Air Group (NYSE:ALK) opened at 61.33 on Tuesday. Alaska Air Group has a 1-year low of $35.85 and a 1-year high of $68.00. The stock’s 50-day moving average is $60.88 and its 200-day moving average is $59.67. The company has a market cap of $4.285 billion and a price-to-earnings ratio of 12.54.
Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.51 by $0.04. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $1.53 earnings per share. Alaska Air Group’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Alaska Air Group will post $4.97 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $64.00 to $67.00 in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock. Analysts at Buckingham Research initiated coverage on shares of Alaska Air Group in a research note to investors on Tuesday, July 23rd. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Alaska Air Group presently has an average rating of “Hold” and an average price target of $66.70.
Alaska Air Group, Inc (NYSE:ALK) is the holding company for Alaska Airlines and Horizon Air.
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