TheStreet Downgrades Alaska Air Group (ALK) to C+

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Alaska Air Group (NYSE:ALK) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Friday.

A number of other analysts have also recently weighed in on ALK. Raymond James upped their target price on shares of Alaska Air Group from $80.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Friday. Imperial Capital reduced their price target on shares of Alaska Air Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday. Macquarie lowered shares of Alaska Air Group from an “outperform” rating to a “neutral” rating in a research report on Monday, July 30th. ValuEngine upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Deutsche Bank boosted their price target on shares of Alaska Air Group from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.69.

NYSE ALK opened at $61.00 on Friday. The stock has a market capitalization of $7.57 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 3.26 and a beta of 0.54. Alaska Air Group has a twelve month low of $57.53 and a twelve month high of $76.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.10. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Alaska Air Group had a net margin of 9.57% and a return on equity of 15.51%. As a group, research analysts anticipate that Alaska Air Group will post 4.23 earnings per share for the current fiscal year.

In other Alaska Air Group news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $66.81, for a total value of $200,430.00. Following the transaction, the executive vice president now directly owns 8,238 shares in the company, valued at $550,380.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Camarda Financial Advisors LLC acquired a new position in shares of Alaska Air Group during the second quarter worth approximately $101,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Alaska Air Group during the first quarter worth approximately $105,000. Centaurus Financial Inc. acquired a new position in shares of Alaska Air Group during the second quarter worth approximately $118,000. IFP Advisors Inc lifted its position in shares of Alaska Air Group by 98.1% during the third quarter. IFP Advisors Inc now owns 2,758 shares of the transportation company’s stock worth $190,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Alaska Air Group during the third quarter worth approximately $209,000. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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