Alaska Air Group (NYSE:ALK) Price Target Lowered to $55.00 at Susquehanna

Alaska Air Group (NYSE:ALK) had its price objective decreased by Susquehanna from $95.00 to $55.00 in a report issued on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the transportation company’s stock.

A number of other research analysts also recently commented on the company. Bank of America reduced their target price on Alaska Air Group from $80.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. The Goldman Sachs Group lifted their price objective on shares of Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. UBS Group lowered shares of Alaska Air Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $75.00 to $54.00 in a research note on Monday. Morgan Stanley raised their price target on shares of Alaska Air Group from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.54.

Alaska Air Group Trading Down 1.6 %

ALK opened at $43.75 on Monday. Alaska Air Group has a 12-month low of $32.62 and a 12-month high of $78.08. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.58. The stock has a market capitalization of $5.37 billion, a PE ratio of 14.35, a P/E/G ratio of 0.43 and a beta of 1.37. The firm’s fifty day moving average price is $63.51 and its 200 day moving average price is $57.96.

Alaska Air Group (NYSE:ALK) last released its earnings results on Wednesday, January 22nd. The transportation company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.52. Alaska Air Group had a net margin of 3.37% and a return on equity of 14.66%. As a group, research analysts expect that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 22,893 shares of Alaska Air Group stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.74, for a total transaction of $1,733,915.82. Following the transaction, the chief financial officer now directly owns 31,873 shares in the company, valued at approximately $2,414,061.02. The trade was a 41.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph A. Sprague sold 9,500 shares of Alaska Air Group stock in a transaction on Friday, January 24th. The shares were sold at an average price of $68.90, for a total value of $654,550.00. Following the transaction, the chief executive officer now owns 9,840 shares in the company, valued at $677,976. This represents a 49.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,725 shares of company stock valued at $11,217,263 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Alaska Air Group by 5.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,979 shares of the transportation company’s stock worth $7,504,000 after purchasing an additional 8,743 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $395,000. Benjamin Edwards Inc. bought a new stake in shares of Alaska Air Group in the 3rd quarter valued at approximately $230,000. Integrated Wealth Concepts LLC increased its holdings in Alaska Air Group by 66.5% in the third quarter. Integrated Wealth Concepts LLC now owns 11,392 shares of the transportation company’s stock worth $515,000 after buying an additional 4,550 shares during the last quarter. Finally, Quarry LP raised its position in Alaska Air Group by 259.3% during the third quarter. Quarry LP now owns 1,175 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 848 shares in the last quarter. 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.