They issued an "in-line" rating and a $74.00 target price for the company.
The number of shares Alaska Air Group now has in issue is 123,271,000, which have a value of 90.12 per share calculating Alaska Air Group's market capitalisation to 11.11B United States dollars.
Shares of Alaska Air Group (NYSE:ALK) opened at 90.12 on Friday.
10/13/2016-Buckingham Research Upgrade from a "Neutral " rating to a " Buy" rating. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.56 billion. The business's quarterly revenue was up 3.4% on a year-over-year basis.
07/27/2016 - Alaska Air Group, Inc. was upgraded to "overweight" by analysts at JP Morgan.
Several other brokerages have also issued reports on ALK. They now have a United States dollars 90 price target on the stock. The Rating was issued on Dec 15, 2016.Alaska Air Group is Initiated by Citigroup to Neutral. They now have a Dollars 84 price target on the stock.
Following Barclays Capital's latest price target of 122 on the business this highlights that the broker now believes there is an increase of 35.38% from Alaska Air Group's current share price of 90.12. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company.
06/14/2016 - Alaska Air Group, Inc. had its "outperform" rating reiterated by analysts at Cowen. The company has a market cap of $10,691 M and the number of outstanding shares has been calculated to be 12,32,71,393 shares. Alaska Air Group has a 1-year low of $54.51 and a 1-year high of $91.62. The 50 day moving average of NYSE:ALK is 78.98 and the 200 day moving average is 69.13.
Several hedge funds have recently added to or reduced their stakes in the stock. During the same quarter previous year, the company earned $2.16 earnings per share. Invictus RG boosted its stake in Alaska Air Group by 64.9% in the first quarter. Highland Capital Management LLC now owns 17,717 shares of the company's stock valued at $1,167,000 after buying an additional 70 shares in the last quarter.
On 1/21/2016 Alaska Air Group announced a quarterly dividend of $0.28 1.1% with an ex dividend date of 2/19/2016 which will be payable on 3/8/2016. Insiders own 0.68% of the company's stock. Capstone Asset Management Co. raised its stake in Alaska Air Group by 26.8% in the second quarter. BKD Wealth Advisors LLC now owns 4,133 shares of the company's stock valued at $272,000 after buying an additional 18 shares in the last quarter.
Alaska Air Group, Inc.is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). Hancock Holding Co. now owns 13,100 shares of the company's stock worth $1,074,000 after buying an additional 1,300 shares in the last quarter.
In related news, VP Brandon Pedersen sold 9,943 shares of the company's stock in a transaction on Thursday, September 8th.
On 11/10/2016 Joseph A Sprague, SVP, sold 6,667 with an average share price of $75.00 per share and the total transaction amounting to $500,025.00. Following the transaction, the chairman now directly owns 23,900 shares of the company's stock, valued at approximately $2,072,608. The transaction was disclosed in a filing with the SEC, which is available through this link. The Insider selling transaction was reported by the company on Dec 14, 2016 to the Securities and Exchange Commission.