Alaska Air Group (ALK) Receiving Positive Media Coverage, Study Finds

News headlines about Alaska Air Group (NYSE:ALK) have trended positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alaska Air Group earned a daily sentiment score of 0.40 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 47.8490553144396 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several brokerages recently issued reports on ALK. Bank of America dropped their price objective on shares of Alaska Air Group from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Friday, October 13th. Cowen dropped their price objective on shares of Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, September 14th. Barclays reaffirmed a “buy” rating on shares of Alaska Air Group in a research note on Thursday, September 14th. Zacks Investment Research cut shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alaska Air Group in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Alaska Air Group presently has a consensus rating of “Buy” and a consensus price target of $91.18.

Alaska Air Group (NYSE:ALK) traded down $0.47 during trading on Thursday, hitting $74.37. 939,200 shares of the stock traded hands, compared to its average volume of 1,493,213. Alaska Air Group has a twelve month low of $61.10 and a twelve month high of $101.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 0.80. The stock has a market cap of $9,150.00, a PE ratio of 11.92 and a beta of 1.03.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Wednesday, October 25th. The transportation company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 12.55% and a return on equity of 31.59%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period last year, the company earned $2.20 EPS. The business’s quarterly revenue was up 35.4% on a year-over-year basis. research analysts forecast that Alaska Air Group will post 6.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Tuesday, November 21st were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.61%. Alaska Air Group’s dividend payout ratio (DPR) is 19.23%.

In other news, CEO David L. Campbell sold 4,934 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the transaction, the chief executive officer now directly owns 9,648 shares in the company, valued at approximately $656,064. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.53, for a total transaction of $35,386.20. Following the completion of the transaction, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

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About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

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