Alaska Air Group (ALK) : Analyst Rating Update

Alaska Air Group (ALK) has an average broker rating of 2.1, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Alaska Air Group (ALK) : Average target price received by Alaska Air Group (ALK) is $84.67 with an expected standard deviation of $5.89. The most aggressive target on the stock is $92, whereas the most downbeat target is $72. 9 financial analysts are currently covering the stock.

Alaska Air Group (NYSE:ALK): The stock opened at $57.87 on Wednesday but the bulls could not build on the opening and the stock topped out at $58.59 for the day. The stock traded down to $56.45 during the day, due to lack of any buying support eventually closed down at $58.54 with a loss of -0.15% for the day. The stock had closed at $58.63 on the previous day. The total traded volume was 2,203,467 shares.

Also, Raymond James downgrades their rating on the shares of Alaska Air Group (NYSE:ALK). The current rating of the shares is Outperform. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on June 14, 2016. The company shares have dropped -11.33% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $87.17 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $62.90 and the 200 Day Moving Average price is recorded at $71.87.

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.

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