Alaska Air Group (NYSE:ALK) had its target price trimmed by Morgan Stanley from $86.00 to $80.00 in a research report released on Friday. The firm currently has an overweight rating on the transportation company’s stock.

ALK has been the subject of several other research reports. Imperial Capital decreased their price target on Alaska Air Group from $85.00 to $70.00 and set a line rating for the company in a research note on Thursday, October 26th. Bank of America decreased their price target on Alaska Air Group from $100.00 to $96.00 and set a buy rating for the company in a research note on Friday, October 13th. UBS Group raised Alaska Air Group from an outperform rating to a strong-buy rating in a research note on Wednesday, November 15th. Zacks Investment Research raised Alaska Air Group from a sell rating to a hold rating in a research note on Tuesday, December 26th. Finally, ValuEngine raised Alaska Air Group from a hold rating to a buy rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $88.46.

Alaska Air Group (ALK) opened at $64.54 on Friday. The company has a market capitalization of $7,940.00, a price-to-earnings ratio of 7.79, a P/E/G ratio of 4.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.78 and a current ratio of 0.79. Alaska Air Group has a 52 week low of $59.25 and a 52 week high of $101.43.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.96 billion. Alaska Air Group had a return on equity of 24.40% and a net margin of 12.96%. The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. analysts anticipate that Alaska Air Group will post 6.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Tuesday, February 20th will be issued a $0.32 dividend. This is a positive change from Alaska Air Group’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 16th. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. Alaska Air Group’s dividend payout ratio is 14.48%.

In other news, EVP Andrew R. Harrison sold 540 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the completion of the sale, the executive vice president now owns 20,788 shares in the company, valued at $1,362,237.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David L. Campbell sold 4,934 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $68.00, for a total value of $335,512.00. Following the completion of the sale, the chief executive officer now owns 9,648 shares of the company’s stock, valued at approximately $656,064. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

Several institutional investors have recently made changes to their positions in ALK. Egerton Capital UK LLP lifted its holdings in shares of Alaska Air Group by 51.6% in the third quarter. Egerton Capital UK LLP now owns 4,476,494 shares of the transportation company’s stock valued at $341,422,000 after buying an additional 1,524,149 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Alaska Air Group in the second quarter valued at $57,891,000. Ardevora Asset Management LLP acquired a new stake in shares of Alaska Air Group in the third quarter valued at $33,124,000. Lateef Investment Management L.P. acquired a new stake in shares of Alaska Air Group in the third quarter valued at $24,256,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Alaska Air Group by 67.2% in the third quarter. Victory Capital Management Inc. now owns 783,102 shares of the transportation company’s stock valued at $59,728,000 after buying an additional 314,673 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.

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About Alaska Air Group

Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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