Analyst Price Target Update on Alaska Air Group (NYSE:ALK)

Alaska Air Group (NYSE:ALK): 9 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $87.33 in Alaska Air Group (NYSE:ALK). However, the stock price could fluctuate by $ 8.67 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $105 price target with the lower price estimate is calculated at $72

Many analysts have stated their opinion on the company shares. Brokerage firm Cowen & Company assumes its rating on Alaska Air Group (NYSE:ALK). The shares have been rated Outperform. The rating by the firm was issued on May 16, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Young Tamara S, (VP/HUMAN RESOURCES) of Alaska Air Group, Inc., unloaded 1,859 shares at an average price of $66.77 on May 26, 2016. The total amount of the transaction was worth $124,125, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Alaska Air Group (NYSE:ALK) stock ended Monday session in the red zone in a volatile trading. The stock closed down 2.63 points or 3.93% at $64.29 with 1,484,519 shares getting traded. Post opening the session at $66.31, the shares hit an intraday low of $64.22 and an intraday high of $66.4766 and the price was in this range throughout the day. The company has a market cap of $7,924 million and the number of outstanding shares have been calculated to be 123,252,559 shares. The 52-week high of Alaska Air Group (NYSE:ALK) is $87.171 and the 52-week low is $58.92.

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.

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