Analyst Rating Update on Alaska Air Group (ALK)

Alaska Air Group (ALK) : 5 brokerage houses believe that Alaska Air Group (ALK) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Alaska Air Group (ALK). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.78.

Alaska Air Group (ALK) : The highest short term price target forecast on Alaska Air Group (ALK) is $92 and the lowest target price is $65. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $81.44 with a standard deviation of $9.08.

For the current week, the company shares have a recommendation consensus of Buy.


Alaska Air Group (NYSE:ALK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.65 and $64.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.10, notching a gain of 0.32% for the day. The total traded volume was 1,055,360 . The stock had closed at $64.89 on the previous day.

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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