Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) saw some unusual options trading activity on Thursday. Stock investors purchased 21,407 call options on the company. This is an increase of approximately 958% compared to the typical volume of 2,024 call options.
Wall Street Analyst Weigh In
ALK has been the topic of a number of research reports. Wolfe Research raised shares of Alaska Air Group from a “peer perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Friday, May 17th. Citigroup dropped their target price on Alaska Air Group from $51.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. TD Cowen reduced their price target on Alaska Air Group from $58.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Morgan Stanley dropped their price objective on Alaska Air Group from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Susquehanna cut their price objective on shares of Alaska Air Group from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $54.00.
Check Out Our Latest Research Report on Alaska Air Group
Institutional Investors Weigh In On Alaska Air Group
Alaska Air Group Stock Performance
ALK stock traded up $1.87 during midday trading on Thursday, hitting $37.99. 1,189,821 shares of the company traded hands, compared to its average volume of 2,195,348. Alaska Air Group has a twelve month low of $30.75 and a twelve month high of $46.15. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.60. The company has a quick ratio of 0.66, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. The business has a 50 day simple moving average of $36.95 and a 200-day simple moving average of $39.75.
Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.19. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.94 billion. Alaska Air Group had a net margin of 2.14% and a return on equity of 11.85%. Alaska Air Group’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.00 EPS. As a group, equities research analysts predict that Alaska Air Group will post 4.08 earnings per share for the current year.
About Alaska Air Group
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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