Todays Report: Today, Alaska Air Group Inc. (ALK) Earns In-Line Rating from Imperial Capital

Today, Alaska Air Group Inc. (ALK) Earns In-Line Rating from Imperial Capital

Imperial Capital reissued their in-line rating on shares of Alaska Air Group Inc. (NYSE:ALK) in a research report released on Thursday. The firm currently has a $84.00 price objective on the stock.

Several other equities analysts have also recently commented on the stock. Citigroup Inc. assumed coverage on shares of Alaska Air Group in a research report on Friday, November 18th. They issued a neutral rating and a $81.00 target price for the company. Morgan Stanley restated a buy rating and issued a $85.00 target price on shares of Alaska Air Group in a research report on Thursday, August 11th. Zacks Investment Research cut shares of Alaska Air Group from a hold rating to a sell rating in a research report on Tuesday, October 18th. Vetr upgraded shares of Alaska Air Group from a buy rating to a strong-buy rating and set a $81.75 target price for the company in a research report on Wednesday, September 7th. Finally, Bank of America Corp. restated a neutral rating and issued a $78.00 target price (up from $72.00) on shares of Alaska Air Group in a research report on Sunday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. Alaska Air Group presently has an average rating of Hold and an average price target of $85.89.

Alaska Air Group (NYSE:ALK) opened at 82.43 on Thursday. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 11.56 and a beta of 0.71. The company has a 50-day moving average of $74.46 and a 200 day moving average of $67.46. Alaska Air Group has a one year low of $54.51 and a one year high of $87.17.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, October 20th. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.13. Alaska Air Group had a net margin of 15.40% and a return on equity of 34.91%. The business earned $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company earned $2.16 EPS. The business’s revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that Alaska Air Group will post $7.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a $0.275 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.33%. Alaska Air Group’s dividend payout ratio (DPR) is currently 15.41%.

In other news, VP Mark G. Eliasen sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $65.60, for a total value of $144,320.00. Following the transaction, the vice president now owns 3,040 shares in the company, valued at approximately $199,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Tamara S. Young sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $67.37, for a total transaction of $134,740.00. Following the completion of the transaction, the vice president now owns 3,490 shares in the company, valued at approximately $235,121.30. The disclosure for this sale can be found here. 0.68% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of Alaska Air Group by 146.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock worth $121,000 after buying an additional 1,233 shares during the period. Pacer Advisors Inc. increased its position in shares of Alaska Air Group by 9.1% in the second quarter. Pacer Advisors Inc. now owns 2,169 shares of the company’s stock worth $126,000 after buying an additional 181 shares during the period. SRB Corp increased its position in shares of Alaska Air Group by 8.4% in the third quarter. SRB Corp now owns 2,301 shares of the company’s stock worth $152,000 after buying an additional 179 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Alaska Air Group during the third quarter worth about $165,000. Finally, Toronto Dominion Bank purchased a new position in shares of Alaska Air Group during the third quarter worth about $167,000. Hedge funds and other institutional investors own 88.21% of the company’s stock.

Alaska Air Group Company Profile

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