Alaska Air Group (ALK) was Upgraded by Buckingham Research to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Buckingham Research advised their investors in a research report released on Oct 13, 2016.
Many Wall Street Analysts have commented on Alaska Air Group. Imperial Capital Initiated Alaska Air Group on Sep 23, 2016 to “In-line”, Price Target of the shares are set at $74.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 -0.58 points or -0.83% at $69.33 with 14,54,166 shares getting traded on Tuesday. Post opening the session at $70, the shares hit an intraday low of $69.11 and an intraday high of $70.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Oct 6, 2016, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 2,000 shares at $68.88 per share price. According to the SEC, on Oct 3, 2016, Mark G Eliasen (VP/FINANCE & TREASURER) sold 2,200 shares at $65.60 per share price. On Sep 8, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 9,943 shares at $70.68 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.