Alaska Air Group (ALK) : 7 analysts are covering Alaska Air Group (ALK) and their average rating on the stock is 2, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Alaska Air Group (ALK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Alaska Air Group (ALK) : 6 Wall Street analysts covering Alaska Air Group (ALK) believe that the average level the stock could reach for the short term is $80.5. The maximum price target given is $88 and the minimum target for short term is around $65, hence the standard deviation is calculated at $9.61.
Shares of Alaska Air Group, Inc. rose by 2.05% in the last five trading days and 3.41% for the last 4 weeks. Alaska Air Group, Inc. is up 1.14% in the last 3-month period. Year-to-Date the stock performance stands at -15.32%. Alaska Air Group (NYSE:ALK): stock turned positive on Tuesday. Though the stock opened at $67.14, the bulls momentum made the stock top out at $67.88 level for the day. The stock recorded a low of $66.95 and closed the trading day at $67.35, in the green by 0.73%. The total traded volume for the day was 839,538. The stock had closed at $66.86 in the previous days trading.
Alaska Air Group, Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines, which together with its partner regional airlines serve approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada and Mexico. The Company operates in three segments: Alaska Mainline, Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaskas business. Alaska Regional is Alaskas shorter distance network. Horizon operates regional aircraft. In 2014, the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.