2 weeks Ago By ABMN Staff
Alaska Air Group ( NYSE:ALK – Get Free Report ) had its price target decreased by stock analysts at Citigroup from $51.00 to $48.00 in a report issued on Thursday, Benzinga reports.
The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would suggest a potential upside of 32.93% from the company’s current price.
A number of other research firms have also recently commented on ALK. Susquehanna lowered their target price on Alaska Air Group from $42.00 to $41.
00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. TD Cowen lowered their price objective on Alaska Air Group from $58.00 to $51.
00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Morgan Stanley lowered their price objective on Alaska Air Group from $75.00 to $70.
00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Wolfe Research upgraded Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Friday, May 17th.
Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.
00. Read Our Latest Report on ALK Alaska Air Group Trading Up 0.9 % Alaska Air Group ( NYSE:ALK – Get Free Report ) last released its earnings results on Thursday, July 18th.
The transportation company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.
19. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.
94 billion. Alaska Air Group had a return on equity of 11.97% and a net margin of 2.
14%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
During the same quarter last year, the business posted $3.00 EPS. Equities research analysts predict that Alaska Air Group will post 4.
09 earnings per share for the current fiscal year. Institutional Trading of Alaska Air Group Institutional investors and hedge funds have recently modified their holdings of the business. CVA Family Office LLC grew its holdings in shares of Alaska Air Group by 17.
1% in the first quarter. CVA Family Office LLC now owns 2,230 shares of the transportation company’s stock worth $96,000 after acquiring an additional 325 shares during the period. Parallel Advisors LLC grew its holdings in shares of Alaska Air Group by 28.
4% in the fourth quarter. Parallel Advisors LLC now owns 1,688 shares of the transportation company’s stock worth $66,000 after acquiring an additional 373 shares during the period. Gateway Investment Advisers LLC grew its holdings in shares of Alaska Air Group by 0.
3% in the first quarter. Gateway Investment Advisers LLC now owns 153,403 shares of the transportation company’s stock worth $6,595,000 after acquiring an additional 391 shares during the period. Private Advisor Group LLC grew its holdings in shares of Alaska Air Group by 6.
8% in the fourth quarter. Private Advisor Group LLC now owns 6,209 shares of the transportation company’s stock worth $243,000 after acquiring an additional 397 shares during the period. Finally, QRG Capital Management Inc.
grew its holdings in shares of Alaska Air Group by 4.7% in the second quarter. QRG Capital Management Inc.
now owns 9,029 shares of the transportation company’s stock worth $365,000 after acquiring an additional 406 shares during the period. Institutional investors own 81.90% of the company’s stock.
Alaska Air Group Company Profile ( Get Free Report ) 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.
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