Alaska Air Group’s (ALK) Buy Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Alaska Air Group (NYSE:ALK) in a research report released on Wednesday morning, MarketBeat reports. The firm currently has a $105.00 target price on the transportation company’s stock, down from their previous target price of $115.00.

Other equities analysts have also issued research reports about the stock. Barclays dropped their price objective on shares of Alaska Air Group from $100.00 to $90.00 and set an overweight rating on the stock in a report on Thursday, October 26th. Cowen dropped their price objective on shares of Alaska Air Group from $103.00 to $100.00 and set an outperform rating on the stock in a report on Thursday, September 14th. Morgan Stanley reiterated an overweight rating on shares of Alaska Air Group in a report on Monday, September 18th. Deutsche Bank dropped their price objective on shares of Alaska Air Group from $99.00 to $84.00 and set a buy rating on the stock in a report on Thursday, October 26th. Finally, Bank of America lowered shares of Alaska Air Group from a buy rating to a neutral rating and set a $84.00 price objective on the stock. in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $88.89.

Alaska Air Group (NYSE ALK) opened at $73.52 on Wednesday. Alaska Air Group has a fifty-two week low of $61.10 and a fifty-two week high of $101.43. The firm has a market cap of $9,046.71, a PE ratio of 11.80 and a beta of 1.03. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data 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 10.34% and a return on equity of 28.74%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company posted $2.20 EPS. Alaska Air Group’s revenue for the quarter was up 35.4% on a year-over-year basis. sell-side analysts forecast that Alaska Air Group will post 6.65 EPS for the current fiscal year.

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

Large investors have recently bought and sold shares of the business. Mercer Capital Advisers Inc. purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $116,000. Mountain Capital Investment Advisors Inc purchased a new stake in Alaska Air Group in the 2nd quarter valued at about $122,000. Bank of Nova Scotia Trust Co. purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $153,000. Harbour Capital Advisors LLC purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $200,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Alaska Air Group in the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 88.57% 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.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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