In yesterday’s Wall Street session, Alaska Air Group Inc. (NYSE:ALK) shares traded at $38.63, up 3.54% from the previous session.
As of this writing, 14 analysts cover Alaska Air Group Inc. (NYSE:ALK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $39.00, we find $48.00. Given the previous closing price of $37.31, this indicates a potential upside of 28.65 percent. ALK stock price is now 11.45% away from the 50-day moving average and -8.87% away from the 200-day moving average. The market capitalization of the company currently stands at $4.95B.
There are 4 analysts who have given it a hold rating, whereas 10 have given it a buy rating. Brokers who have rated the stock have averaged $50.00 as their price target over the next twelve months.
In other news, MINICUCCI BENITO, CEO AND PRESIDENT bought 56 shares of the company’s stock on Dec 07. The stock was bought for $2,031 at an average price of $36.27. Upon completion of the transaction, the CEO AND PRESIDENT now directly owns 119,942 shares in the company, valued at $4.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 08, CEO AND PRESIDENT MINICUCCI BENITO sold 5,000 shares of the business’s stock. A total of $243,659 was realized by selling the stock at an average price of $48.73. This leaves the insider owning 114,506 shares of the company worth $4.42 million. Insiders disposed of 38,237 shares of company stock worth roughly $1.48 million over the past 1 year. A total of 0.33% of the company’s stock is owned by insiders.
Wednesday morning saw Alaska Air Group Inc. (NYSE: ALK) opened at $36.90. During the past 12 months, Alaska Air Group Inc. has had a low of $30.75 and a high of $57.18. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 0.72, and a quick ratio of 0.69. According to the stock market information, the enterprise value for the company is $6.45B, which is based on a 19.36 price-to-earnings ratio, a 1.15 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for ALK is $34.66 and a two-hundred day moving average price translates $42.39 for the stock.
The latest earnings results from Alaska Air Group Inc. (NYSE: ALK) was released for Sep, 2023. According to the Airlines Company, earnings per share came in at $1.83, missing analysts’ expectations of $1.86 by -0.03. This compares to $0.31 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 6.54% for ALK. The company reported revenue of $2.84 billion for the quarter, compared to $2.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.39 percent. For the current quarter, analysts expect ALK to generate $2.54B in revenue.
