Alaska Air Group (NYSE:ALK) PT Lowered to $40.00

Alaska Air Group (NYSE:ALK) had its target price decreased by Raymond James from $84.00 to $40.00 in a research note issued to investors on Monday, The Fly reports. Raymond James currently has a strong-buy rating on the transportation company’s stock.

Several other research firms have also recently commented on ALK. Buckingham Research cut Alaska Air Group from a buy rating to a neutral rating and lowered their target price for the company from $84.00 to $51.00 in a research report on Thursday, February 27th. Deutsche Bank cut Alaska Air Group from a buy rating to a hold rating and set a $80.00 target price on the stock. in a research report on Thursday, February 27th. Goldman Sachs Group cut Alaska Air Group from a conviction-buy rating to a buy rating in a research report on Monday, March 16th. ValuEngine cut Alaska Air Group from a hold rating to a sell rating in a research report on Tuesday, February 4th. Finally, TheStreet cut Alaska Air Group from a b- rating to a c+ rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $63.31.

ALK traded up $2.65 during trading hours on Monday, hitting $32.49. The company’s stock had a trading volume of 4,914,541 shares, compared to its average volume of 2,283,514. Alaska Air Group has a fifty-two week low of $20.02 and a fifty-two week high of $72.22. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $3.55 billion, a PE ratio of 5.24, a PEG ratio of 0.66 and a beta of 1.11. The company has a 50-day simple moving average of $50.04 and a 200 day simple moving average of $62.95.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, January 28th. The transportation company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. Alaska Air Group had a return on equity of 19.58% and a net margin of 8.76%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. Research analysts expect that Alaska Air Group will post 3.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.35. This represents a $1.50 annualized dividend and a dividend yield of 4.62%. Alaska Air Group’s dividend payout ratio (DPR) is 23.36%.

Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Alaska Air Group by 3.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,255 shares of the transportation company’s stock valued at $356,000 after purchasing an additional 155 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Alaska Air Group by 52.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 475 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 164 shares during the period. LS Investment Advisors LLC increased its position in shares of Alaska Air Group by 3.1% during the 4th quarter. LS Investment Advisors LLC now owns 5,910 shares of the transportation company’s stock valued at $400,000 after purchasing an additional 175 shares during the period. Lindbrook Capital LLC increased its position in shares of Alaska Air Group by 6.2% during the 4th quarter. Lindbrook Capital LLC now owns 3,185 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 185 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of Alaska Air Group by 1.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 18,907 shares of the transportation company’s stock worth $1,281,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 88.40% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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