Research analysts at Goldman Sachs Group initiated coverage on shares of Alaska Air Group (NYSE:ALK) in a report issued on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $81.00 price target on the transportation company’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 19.86% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Barclays lowered their price objective on shares of Alaska Air Group from $80.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, July 16th. Stifel Nicolaus lowered their price objective on shares of Alaska Air Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Buckingham Research lowered their price objective on shares of Alaska Air Group from $86.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, July 27th. Bank of America lowered their price objective on shares of Alaska Air Group from $70.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, July 27th. Finally, Macquarie downgraded shares of Alaska Air Group from an “outperform” rating to a “neutral” rating in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Alaska Air Group has a consensus rating of “Buy” and a consensus price target of $77.00.

ALK stock opened at $67.58 on Monday. Alaska Air Group has a 52-week low of $57.53 and a 52-week high of $76.06. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.13 billion, a PE ratio of 10.18, a PEG ratio of 4.94 and a beta of 0.60.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.10. Alaska Air Group had a net margin of 9.57% and a return on equity of 15.51%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.20 billion. Equities research analysts anticipate that Alaska Air Group will post 4.15 EPS for the current fiscal year.

In other Alaska Air Group news, EVP Shane R. Tackett sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $66.81, for a total value of $200,430.00. Following the completion of the sale, the executive vice president now directly owns 8,238 shares of the company’s stock, valued at $550,380.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 930 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $62.55, for a total transaction of $58,171.50. Following the completion of the sale, the executive vice president now directly owns 21,562 shares of the company’s stock, valued at $1,348,703.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ALK. Camarda Financial Advisors LLC bought a new stake in Alaska Air Group in the second quarter worth approximately $101,000. Centaurus Financial Inc. bought a new stake in Alaska Air Group in the second quarter worth approximately $118,000. Tower Research Capital LLC TRC bought a new stake in Alaska Air Group in the third quarter worth approximately $171,000. IFP Advisors Inc grew its position in Alaska Air Group by 98.1% in the third quarter. IFP Advisors Inc now owns 2,758 shares of the transportation company’s stock worth $190,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Jolley Asset Management LLC grew its position in Alaska Air Group by 753.3% in the second quarter. Jolley Asset Management LLC now owns 3,200 shares of the transportation company’s stock worth $193,000 after acquiring an additional 2,825 shares in the last quarter. 88.58% of the stock is owned by institutional investors.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, and Costa Rica.

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Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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