Alaska Air Group (ALK) : 3 brokerage houses believe that Alaska Air Group (ALK) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Alaska Air Group (ALK). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Alaska Air Group (ALK) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $87 and the lowest price target forecast is $65. The average forecast of all the analysts is $80.17 and the expected standard deviation is $9.33.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm JP Morgan upgrades its rating on Alaska Air Group (NYSE:ALK). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 27, 2016.
Alaska Air Group (NYSE:ALK): The stock opened at $69.28 and touched an intraday high of $71.3 on Wednesday. During the day, the stock corrected to an intraday low of $69.27, however, the bulls stepped in and pushed the price higher to close in the green at $71.03 with a gain of 2.94% for the day. The total traded volume for the day was 1,739,016. The stock had closed at $69 in the previous trading session.
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.