Alaska Air Group, Inc. (ALK) Receives Consensus Rating of "Buy" from Analysts

Jeannie Matthews
January 14, 2018

The stock increased 3.07% or $1.95 during the last trading session, reaching $65.4. About 7.10 million shares traded. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since January 12, 2017 and is uptrending. It has outperformed by 20.93% the S&P500. Mercer Capital Advisers Inc. bought a new position in shares of Alaska Air Group during the third quarter worth about $116,000.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, October 25th. ALK's profit will be $115.66M for 19.55 P/E if the $0.94 EPS becomes a reality. Alaska Air Group has a 52-week low of $61.10 and a 52-week high of $101.43. About 2.95 million shares traded or 53.18% up from the average. Numeric Limited Liability Company has invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since January 12, 2017 and is uptrending. It has outperformed by 12.63% the S&P500. Its up 0.06, from 0.83 in 2017Q2. It increased, as 53 investors sold ALK shares while 131 reduced holdings. Cambridge Inv Research Advsrs reported 22,292 shares. 212,169 were accumulated by Los Angeles Capital & Equity Research. Cypress Asset Mngmt Tx holds 4,350 shares. However, the institutional investors are observed to own 91.30% of the total shares. Missouri-based First Heartland Consultants Incorporated has invested 0.09% in UnitedHealth Group Incorporated (NYSE:UNH). (NYSE:LUV). Price T Rowe Assoc Inc Md has invested 0.07% of its portfolio in Southwest Airlines Co. (NYSE:ALK). Ardevora Asset Mngmt Llp stated it has 434,300 shares or 0.99% of all its holdings. 2,202 were reported by Smithfield Trust. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.68. (NYSE:ALK) traded down 0.04% during trading on Thursday, hitting $93.59. 979,484 are held by Serv Automobile Association.

Since August 7, 2017, it had 0 buys, and 2 sales for $408,160 activity. ValuEngine lowered shares of Alaska Air Group from a strong-buy rating to a buy rating in a report on Friday, September 1st. The shares were sold at an average price of $68.00, for a total value of $335,512.00.

Landscape Capital Management Llc decreased Empire St Rlty Tr Inc (NYSE:ESRT) stake by 94,200 shares to 102,100 valued at $2.10 million in 2017Q3. It also reduced United Rentals Inc (NYSE:URI) stake by 3,690 shares and now owns 32,070 shares. Urban Edge Pptys was reduced too. Therefore 100% are positive.

ALK has been the topic of several research analyst reports. Buckingham Research upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and set a $84.00 price target for the company in a research report on Thursday, October 13th. On Tuesday, July 18 the stock rating was maintained by Cantor Fitzgerald with "Buy". JP Morgan has "Overweight" rating and $50 target. Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 4.20. Of the 33 analysts surveyed by Reuters that track SBUX 9 of them rate its stock a hold. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company's stock. Morgan Stanley reissued an "overweight" rating on shares of Alaska Air Group in a research note on Monday, September 18th.

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Investors sentiment increased to 1.34 in Q3 2017. ALK comes in with a P/S ratio of 1.18 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (9.47) and its peers (0.7).

Now focusing our attention on earnings data, we were able to identify that EPS consensus estimate for Alaska Air Group, Inc.

Other hedge funds have also made changes to their positions in the company. Following the completion of the transaction, the executive vice president now directly owns 20,788 shares of the company's stock, valued at approximately $1,362,237.64. Saturna invested in 0.02% or 8,489 shares. Caprock Gp has invested 0.05% in Alaska Air Group, Inc. However, its trading capacity stayed around 0.27 million shares in normal days. Northwest Counselors Ltd Liability Company reported 124 shares stake. Clinton Gp accumulated 19,495 shares or 0.16% of the stock. Laurion Capital Mgmt Lp invested 0.01% of its portfolio in Alaska Air Group, Inc. Alaska Air Group Inc now has $9.05 billion valuation. (NYSE:ALK) by 40.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. Asset Management stated it has 11,903 shares. Peddock Capital Advsr Limited Liability reported 268 shares stake. Commonwealth National Bank & Trust Of invested in 59,709 shares or 0.04% of the stock. Franklin Resources Inc. grew its holdings in Alaska Air Group by 4.6% in the 2nd quarter. (NYSE:ALK) for 66 shares. Oppenheimer Communication holds 0.02% in Alaska Air Group, Inc. (NYSE:ALK) have earned an average recommendation of "Buy" from the seventeen analysts that are covering the stock, MarketBeat Ratings reports. Therefore 50% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Finally, Ameriprise Financial Inc. grew its holdings in Alaska Air Group by 10.8% in the 2nd quarter. Tigress Financial maintained the shares of CVS in report on Tuesday, December 26 with "Buy" rating. This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. The firm earned "Buy" rating on Thursday, May 25 by Stifel Nicolaus. (NYSE:ALK) has "Equal-Weight" rating given on Wednesday, January 10 by Barclays Capital.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The Company operates through three segments: Mainline, Regional and Horizon.

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