Impact of Brokerage Rating on Alaska Air Group, Inc.(ALK)

Many Alaska Air Group, Inc.(ALK) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Imperial Capital on Feb 10, 2017 to In-line, Raises Price Target to $ 101 from a previous price target of $84 .Company shares were Reiterated by Cowen on Feb 9, 2017 to Market Perform, Raises Price Target to $ 100 from a previous price target of $95 .Alaska Air Group was Upgraded by BofA/Merrill to Buy on Jan 10, 2017. Alaska Air Group was Initiated by Barclays on Dec 15, 2016 to Overweight, Price Target of the shares are set at $122.Alaska Air Group was Initiated by Citigroup to Neutral on Nov 18, 2016.

Company has reported several Insider transactions to the SEC, on Jan 27, 2017, Benito Minicucci (PRES & COO) sold 5,000 shares at 95.00 per share price.On Jan 6, 2017, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 5,600 shares at 88.42 per share price.On Dec 9, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 4,681 shares at 89.85 per share price.

Alaska Air Group Last issued its quarterly earnings results on Feb 8, 2017. The company reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.16. Analyst had a consensus of $1.40. The company had revenue of $1524.00 million for the quarter, compared to analysts expectations of $1450.06 million. The companys revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Alaska Air Group, Inc. (NYSE:ALK) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.7 by 10 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

Alaska Air Group, Inc. (NYSE:ALK): The mean short term price target for Alaska Air Group, Inc. (NYSE:ALK) has been established at $107.65 per share. The higher price target estimate is at $122 and the lower price target estimate is expected at $94 according to 10 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $8.29

Alaska Air Group, Inc. (NYSE:ALK) witnessed a decline in the market cap on Tuesday as its shares dropped 1.75% or 1.72 points. After the session commenced at $98.11, the stock reached the higher end at $98.3 while it hit a low of $95.66. With the volume soaring to 1,252,656 shares, the last trade was called at $96.3. The company has a 52-week high of $98.89. The company has a market cap of $11,871 million and there are 123,273,000 shares in outstanding. The 52-week low of the share price is $54.51.

Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines. However, each subsidiarys business plan, competition and economic risks differ substantially. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Horizon is a regional airline, operates jet and turboprop aircraft, and its average passenger trip is 231 miles.


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