Analyst Rating Update on Alaska Air Group (ALK)

Alaska Air Group (NYSE:ALK) has an average broker rating of 2.1, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Alaska Air Group (NYSE:ALK) : Average target price received by Alaska Air Group (NYSE:ALK) is $84.67 with an expected standard deviation of $5.89. The most aggressive target on the stock is $92, whereas the most downbeat target is $72. 9 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Raymond James downgrades its outlook on Alaska Air Group (NYSE:ALK). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Strong Buy. The rating by the firm was issued on June 14, 2016.

Alaska Air Group (NYSE:ALK): stock turned positive on Tuesday. Though the stock opened at $56.55, the bulls momentum made the stock top out at $56.92 level for the day. The stock recorded a low of $55.33 and closed the trading day at $56.71, in the green by 1.89%. The total traded volume for the day was 1,969,340. The stock had closed at $55.66 in the previous days trading.

In an insider trading activity,The (CHAIRMAN, PRESIDENT AND CEO) of Alaska Air Group, Inc., Tilden Bradley D sold 5,000 shares at $60.11 on June 21, 2016. The Insider selling transaction had a total value worth of $300,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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