Alaska Air Group (NYSE:ALK) Given Buy Rating at UBS Group

UBS Group reissued their buy rating on shares of Alaska Air Group (NYSE:ALK) in a research report released on Tuesday morning, Marketbeat reports. They currently have a $72.00 price objective on the transportation company’s stock.

ALK has been the topic of a number of other research reports. The Goldman Sachs Group restated a “buy” rating and issued a $70.00 price objective on shares of Alaska Air Group in a report on Friday, November 15th. Melius upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday, October 28th. Evercore ISI lowered their price objective on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Barclays increased their target price on Alaska Air Group from $55.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Melius Research raised shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $58.69.

Alaska Air Group Stock Down 0.2 %

Shares of NYSE:ALK opened at $52.60 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. Alaska Air Group has a 52-week low of $32.00 and a 52-week high of $54.14. The firm has a market capitalization of $6.68 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.20 and a beta of 1.59. The stock has a 50 day moving average price of $47.44 and a 200-day moving average price of $41.95.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.22 by $0.03. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3 billion. Alaska Air Group had a return on equity of 12.81% and a net margin of 2.99%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 earnings per share. As a group, equities research analysts anticipate that Alaska Air Group will post 4.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new stake in shares of Alaska Air Group during the 2nd quarter worth approximately $28,000. Pacific Center for Financial Services bought a new stake in Alaska Air Group in the third quarter worth $45,000. Venturi Wealth Management LLC raised its stake in Alaska Air Group by 86.0% during the third quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. lifted its position in Alaska Air Group by 952.4% during the third quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,000 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Alaska Air Group in the 3rd quarter worth $52,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.