The price of Alaska Air Group Inc. (NYSE:ALK) shares last traded on Wall Street fell -9.66% to $48.18.
Based on available information, 15 analysts follow Alaska Air Group Inc. (NYSE:ALK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $61.00, we find $66.00. Given the previous closing price of $53.33, this indicates a potential upside of 23.76 percent. ALK stock price is now -2.47% away from the 50-day moving average and 4.40% away from the 200-day moving average. The market capitalization of the company currently stands at $6.15B.
Among analysts, 1 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $67.17 as their price target over the next twelve months.
With the price target enhanced from $60 to $68, Raymond James Upgraded its rating from Outperform to Strong Buy for Alaska Air Group Inc. (NYSE: ALK).
In other news, MINICUCCI BENITO, CEO AND PRESIDENT sold 5,000 shares of the company’s stock on Jun 08. The stock was sold for $243,659 at an average price of $48.73. Upon completion of the transaction, the CEO AND PRESIDENT now directly owns 114,506 shares in the company, valued at $5.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 09, Director THOMPSON J KENNETH sold 3,500 shares of the business’s stock. A total of $170,017 was realized by selling the stock at an average price of $48.58. This leaves the insider owning 29,907 shares of the company worth $1.44 million. Insiders disposed of 47,988 shares of company stock worth roughly $2.31 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ALK stock. A new stake in Alaska Air Group Inc. shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $96,360,000. WELLINGTON MANAGEMENT GROUP LLP invested $34,783,000 in shares of ALK during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in Alaska Air Group Inc. valued at approximately $13,161,000. INTERVAL PARTNERS, LP acquired a new stake in ALK for approximately $10,070,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in ALK valued at around $7,035,000 in the second quarter. In total, there are 699 active investors with 79.90% ownership of the company’s stock.
A candlestick chart of Alaska Air Group Inc. (NYSE: ALK) showed a price of $50.36 on Tuesday morning. During the past 12 months, Alaska Air Group Inc. has had a low of $37.19 and a high of $57.18. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $7.61B, which is based on a 105.20 price-to-earnings ratio, a 4.50 price-to-earnings-growth ratio, and a beta of 1.55. The fifty day moving average price for ALK is $49.50 and a two-hundred day moving average price translates $46.18 for the stock.
The latest earnings results from Alaska Air Group Inc. (NYSE: ALK) was released for Mar, 2023. According to the Airlines Company, earnings per share came in at -$0.62, missing analysts’ expectations of -$0.48 by -0.14. This compares to -$1.14 EPS in the same period last year. The net profit margin was 0.60% and return on equity was 1.60% for ALK. The company reported revenue of $2.2 billion for the quarter, compared to $1.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.64 percent. For the current quarter, analysts expect ALK to generate $2.77B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/05/2020. Investors who held shares on 02/18/2020 were paid a $0.375 dividend.
Alaska Air Group Inc.(ALK) Company Profile
Alaska Air Group, Inc., through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.
