Alaska Air Group (NYSE:ALK) Price Target Raised to $110.00 at TD Cowen

Alaska Air Group (NYSE:ALK) had its price target raised by analysts at TD Cowen from $85.00 to $110.00 in a report released on Friday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s target price would suggest a potential upside of 60.07% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Evercore ISI reduced their price target on shares of Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. UBS Group boosted their price target on shares of Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Bank of America boosted their price target on shares of Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $58.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Citigroup upped their price target on shares of Alaska Air Group from $63.00 to $74.00 and gave the company a “buy” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.86.

Alaska Air Group Stock Up 2.0 %

ALK stock opened at $68.72 on Friday. The firm’s 50 day moving average price is $61.44 and its 200-day moving average price is $48.06. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a market cap of $8.72 billion, a PE ratio of 27.71, a PEG ratio of 0.61 and a beta of 1.54. Alaska Air Group has a one year low of $32.62 and a one year high of $71.70.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. On average, equities research analysts anticipate that Alaska Air Group will post 4.37 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In related news, VP Emily Halverson sold 1,329 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $64.41, for a total transaction of $85,600.89. Following the transaction, the vice president now owns 7,150 shares of the company’s stock, valued at approximately $460,531.50. The trade was a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total transaction of $51,112.00. Following the completion of the sale, the senior vice president now directly owns 20,286 shares in the company, valued at $1,296,072.54. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,473 shares of company stock worth $2,198,342 over the last ninety days. 0.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its position in Alaska Air Group by 44.8% during the 4th quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 182 shares during the period. Pacific Center for Financial Services bought a new stake in Alaska Air Group during the 3rd quarter worth approximately $45,000. Venturi Wealth Management LLC increased its stake in Alaska Air Group by 86.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after purchasing an additional 474 shares in the last quarter. Pacifica Partners Inc. increased its stake in Alaska Air Group by 952.4% during the 3rd quarter. Pacifica Partners Inc. now owns 1,105 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,000 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Alaska Air Group during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.