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

Alaska Air Group (NYSE:ALK) had its target price upped by investment analysts at TD Cowen from $85.00 to $110.00 in a research note issued to investors 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.

Several other analysts have also recently weighed in on ALK. The Goldman Sachs Group boosted their price target on Alaska Air Group from $70.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Evercore ISI dropped their price target on Alaska Air Group from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Barclays upped their target price on Alaska Air Group from $55.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Bank of America upped their price target on Alaska Air Group from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, UBS Group upped their price target on Alaska Air Group from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $74.86.

Alaska Air Group Stock Up 2.0 %

Shares of ALK opened at $68.72 on Friday. The firm’s 50 day moving average is $61.44 and its 200-day moving average is $48.06. Alaska Air Group has a 12 month low of $32.62 and a 12 month high of $71.70. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.72 billion, a PE ratio of 27.71, a P/E/G ratio of 0.61 and a beta of 1.54.

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

Insider Buying and Selling

In related news, CFO Shane R. Tackett sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $63.56, for a total value of $317,800.00. Following the sale, the chief financial officer now directly owns 27,362 shares in the company, valued at approximately $1,739,128.72. The trade was a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrea L. Schneider sold 800 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $63.89, for a total value of $51,112.00. Following the sale, the senior vice president now owns 20,286 shares in the company, valued at approximately $1,296,072.54. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,473 shares of company stock valued at $2,198,342 over the last 90 days. Company insiders own 0.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC grew its stake in Alaska Air Group by 44.8% in the fourth quarter. Avior Wealth Management LLC now owns 588 shares of the transportation company’s stock worth $38,000 after purchasing an additional 182 shares in the last quarter. Pacific Center for Financial Services purchased a new stake in shares of Alaska Air Group during the 3rd quarter valued at $45,000. Venturi Wealth Management LLC raised its stake in Alaska Air Group by 86.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,025 shares of the transportation company’s stock worth $46,000 after acquiring an additional 474 shares during the last quarter. Pacifica Partners Inc. grew its position 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 during the period. Finally, True Wealth Design LLC acquired a new stake in Alaska Air Group during the 3rd quarter worth about $52,000. Institutional investors 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.