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

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised Alaska Air Group from a neutral rating to an overweight rating and set a $78.50 price target on the stock in a report on Wednesday, July 27th. Morgan Stanley reaffirmed a buy rating and issued a $85.00 price target on shares of Alaska Air Group in a report on Thursday, August 11th. Zacks Investment Research raised Alaska Air Group from a sell rating to a hold rating in a report on Tuesday, August 16th. Vetr cut Alaska Air Group from a strong-buy rating to a buy rating and set a $77.17 price target on the stock. in a report on Tuesday, September 6th. Finally, Credit Suisse Group AG set a $85.00 price target on Alaska Air Group and gave the company a buy rating in a report on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Alaska Air Group has an average rating of Hold and an average price target of $85.89.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

Alaska Air Group (NYSE:ALK) opened at 82.96 on Thursday. The company has a 50 day moving average price of $73.51 and a 200 day moving average price of $67.26. Alaska Air Group has a 12 month low of $54.51 and a 12 month high of $87.17. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 11.63 and a beta of 0.71.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, October 20th. The company reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Alaska Air Group had a return on equity of 34.91% and a net margin of 15.40%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company earned $2.16 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Alaska Air Group will post $7.02 earnings per share for the current year.

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

In related news, Chairman Bradley D. Tilden sold 2,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the transaction, the chairman now owns 23,900 shares of the company’s stock, valued at $1,594,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph A. Sprague sold 6,667 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $75.00, for a total transaction of $500,025.00. Following the completion of the transaction, the senior vice president now directly owns 6,620 shares of the company’s stock, valued at approximately $496,500. The disclosure for this sale can be found here. Insiders own 0.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALK. Legal & General Group Plc raised its position in Alaska Air Group by 1,254.4% in the first quarter. Legal & General Group Plc now owns 89,090 shares of the company’s stock valued at $7,307,000 after buying an additional 82,512 shares during the period. Panagora Asset Management Inc. raised its position in Alaska Air Group by 10.2% in the first quarter. Panagora Asset Management Inc. now owns 220,524 shares of the company’s stock valued at $18,087,000 after buying an additional 20,475 shares during the period. Arizona State Retirement System raised its position in Alaska Air Group by 4.7% in the first quarter. Arizona State Retirement System now owns 68,415 shares of the company’s stock valued at $5,611,000 after buying an additional 3,100 shares during the period. First Republic Investment Management Inc. raised its position in Alaska Air Group by 22.5% in the first quarter. First Republic Investment Management Inc. now owns 8,722 shares of the company’s stock valued at $715,000 after buying an additional 1,602 shares during the period. Finally, Origin Asset Management LLP acquired a new position in Alaska Air Group during the first quarter valued at about $4,921,000. 88.94% of the stock is owned by hedge funds and other institutional investors.

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About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska’s business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska.

5 Day Chart for NYSE:ALK

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