Alaska Air Group’s (ALK) “Buy” Rating Reiterated at UBS Group

UBS Group reiterated their buy rating on shares of Alaska Air Group (NYSE:ALK) in a research report report published on Tuesday morning, Marketbeat reports. UBS Group currently has a $72.00 price objective on the transportation company’s stock.

Other equities research analysts have also issued reports about the stock. Evercore ISI decreased their target price on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Monday, October 28th. Citigroup dropped their target price on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays upped their price target on shares of Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Monday, October 28th. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.69.

Alaska Air Group Trading Down 0.5 %

Shares of NYSE:ALK opened at $52.68 on Tuesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.60 and a quick ratio of 0.57. Alaska Air Group has a 1 year low of $32.00 and a 1 year high of $54.14. The company has a market cap of $6.69 billion, a P/E ratio of 21.24, a PEG ratio of 1.21 and a beta of 1.59. The stock’s fifty day moving average price is $47.18 and its 200-day moving average price is $41.88.

Alaska Air Group (NYSE:ALK) last posted its 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 net margin of 2.99% and a return on equity of 12.81%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the business earned $1.83 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Sell-side analysts expect that Alaska Air Group will post 4.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Alaska Air Group by 4.1% in the third quarter. Franklin Resources Inc. now owns 633,514 shares of the transportation company’s stock valued at $28,312,000 after acquiring an additional 24,796 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alaska Air Group in the 3rd quarter worth approximately $59,000. Geode Capital Management LLC boosted its stake in Alaska Air Group by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,061,596 shares of the transportation company’s stock worth $93,229,000 after purchasing an additional 78,186 shares during the period. Barclays PLC boosted its stake in Alaska Air Group by 1.8% in the 3rd quarter. Barclays PLC now owns 1,058,564 shares of the transportation company’s stock worth $47,857,000 after purchasing an additional 18,233 shares during the period. Finally, Pacific Center for Financial Services purchased a new stake in Alaska Air Group during the 3rd quarter valued at approximately $45,000. Institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

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.