Alaska Air Group (ALK) is Initiated by Imperial Capital to In-line, Price Target at $74

Alaska Air Group (ALK) was Initiated by Imperial Capital to “In-line” and the brokerage firm has set the Price Target at $74. Imperial Capital advised their investors in a research report released on Sep 23, 2016.

Many Wall Street Analysts have commented on Alaska Air Group. Alaska Air Group was Upgraded by JP Morgan to ” Overweight” on Jul 27, 2016. Company shares were Upgraded by Credit Suisse on Jul 25, 2016 to ” Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .

On the company’s financial health, Alaska Air Group reported $2.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $2.09. The company had revenue of $1494.00 million for the quarter, compared to analysts expectations of $1498.56 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS.

Alaska Air Group closed down -0.66 points or -0.99% at $66.04 with 21,26,079 shares getting traded on Thursday. Post opening the session at $67.05, the shares hit an intraday low of $65.5801 and an intraday high of $67.98 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Sep 22, 2016, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 2,000 shares at $66.61 per share price. According to the SEC, on Sep 8, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 9,943 shares at $70.68 per share price. On Sep 1, 2016, Tamara S Young (VP/HUMAN RESOURCES) sold 2,000 shares at $67.37 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Alaska’s business. Alaska Regional is Alaska’s 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.

Alaska Air Group

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