Alaska Air Group (NYSE:ALK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.1 by 10 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Raymond James downgrades its view on Alaska Air Group (NYSE:ALK) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Strong Buy. The rating by the firm was issued on June 14, 2016.
Alaska Air Group (NYSE:ALK): The mean estimate for the short term price target for Alaska Air Group (NYSE:ALK) stands at $84.78 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $92 while the lower price target estimate is at $72.
Alaska Air Group (NYSE:ALK) rose 1.65% or 0.98 points on Tuesday and made its way into the gainers of the day. After trading began at $60.11 the stock was seen hitting $61.43 as a peak level and $59.79 as the lowest level. The stock ended up at $60.46. The daily volume was measured at 1,842,700 shares. The 52-week high of the share price is $87.171 and the 52-week low is $58.92. The company has a market cap of $7,452 million.
Alaska Air Group, Inc. has lost 1.72% in the last five trading days and dropped 7.28% in the last 4 weeks. Alaska Air Group, Inc. has dropped 25.98% during the last 3-month period . Year-to-Date the stock performance stands at -24.3%.
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.