Alaska Air Group (ALK) : 9 analysts are covering Alaska Air Group (ALK) and their average rating on the stock is 1.78, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Alaska Air Group (ALK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Alaska Air Group (ALK) : The most positive equity analysts on Alaska Air Group (ALK) expects the shares to touch $92, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $81.44 with an expected fluctuation of $9.08 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Alaska Air Group (NYSE:ALK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.53 and $65.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.11, notching a gain of 1.96% for the day. The total traded volume was 1,269,745 . The stock had closed at $64.84 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Tilden Bradley D, (CHAIRMAN, PRESIDENT AND CEO) of Alaska Air Group, Inc., had unloaded 4,000 shares at an average price of $63.84 in a transaction dated on July 19, 2016. The total value of the transaction was worth $255,360.
Alaska Air Group, Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines, which together with its partner regional airlines serve approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada and Mexico. The Company operates in three segments: Alaska Mainline, Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaskas business. Alaska Regional is Alaskas shorter distance network. Horizon operates regional aircraft. In 2014, the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.