Imperial Capital Initiates Coverage on Alaska Air Group to In-line

Imperial Capital Initiates Coverage on Alaska Air Group(NYSE:ALK). The shares have been rated In-line. The rating by Imperial Capital was issued on Sep 23, 2016.

In a different note, On Jul 27, 2016, JP Morgan said it Upgrades its rating on Alaska Air Group. The shares have been rated ‘Overweight’ by the firm. On Jul 25, 2016, Credit Suisse said it Upgrades its rating on Alaska Air Group. In the research note, the firm Raises the price-target to $70.00 per share. The shares have been rated ‘Outperform’ by the firm.

Alaska Air Group (ALK) made into the market gainers list on Tuesdays trading session with the shares advancing 2.15% or 1.39 points. Due to strong positive momentum, the stock ended at $65.99, which is also near the day’s high of $66.14. The stock began the session at $64.75 and the volume stood at 11,19,115 shares. The 52-week high of the shares is $87.171 and the 52 week low is $54.51. The company has a current market capitalization of $8,123 M and it has 12,30,89,982 shares in outstanding.

Alaska Air Group(ALK) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.49B. Analysts had an estimated revenue of $1.50B. Earnings per share were $2.12. Analysts had estimated an EPS of $2.05.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2016, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 2,000 shares at $66.61 per share price.Also, On Sep 8, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 9,943 shares at $70.68 per share price.On Sep 1, 2016, Tamara S Young (VP/HUMAN RESOURCES) sold 2,000 shares at $67.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Alaska’s business. Alaska Regional is Alaska’s 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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