Alaska Air Group (ALK) Receiving Positive News Coverage, Analysis Finds
Media coverage about Alaska Air Group (NYSE:ALK) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alaska Air Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 45.7834237893394 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- Form 4 ALASKA AIR GROUP, INC. For: Aug 08 (streetinsider.com)
- Hawaiian Airlines, Alaska Airlines post June employment gains (finance.yahoo.com)
- Alaska Air Group, Inc. (NYSE:ALK) Trading Down – Insider Trading Activity – First News 24 (firstnewspaper24.com)
- Active Runner in Focus – Alaska Air Group Inc (ALK) – Evergreen Caller (evergreencaller.com)
- Alaska Air Group, Inc. (NYSE:ALK) Expected to Post Quarterly Sales of $2.19 Billion (americanbankingnews.com)
Several research firms have issued reports on ALK. Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Tuesday, July 4th. Bank of America Corporation upped their target price on shares of Alaska Air Group from $115.00 to $120.00 and gave the company a “buy” rating in a report on Friday, June 30th. Cowen and Company reaffirmed a “market perform” rating and issued a $102.00 target price on shares of Alaska Air Group in a report on Monday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 target price on shares of Alaska Air Group in a report on Friday, May 26th. Finally, Morgan Stanley reduced their target price on shares of Alaska Air Group from $103.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $105.41.
Shares of Alaska Air Group (NYSE ALK) opened at 83.79 on Friday. Alaska Air Group has a 52-week low of $64.19 and a 52-week high of $101.43. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 13.63 and a beta of 0.95. The stock has a 50 day moving average of $89.00 and a 200 day moving average of $90.62.
Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.52 by $0.01. Alaska Air Group had a net margin of 11.02% and a return on equity of 30.04%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The firm’s revenue was up 40.7% compared to the same quarter last year. On average, analysts predict that Alaska Air Group will post $7.87 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, August 18th. Alaska Air Group’s payout ratio is presently 19.48%.
In other Alaska Air Group news, Chairman Bradley D. Tilden sold 4,700 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $84.63, for a total value of $397,761.00. Following the completion of the sale, the chairman now directly owns 148,646 shares of the company’s stock, valued at $12,579,910.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Bradley D. Tilden sold 5,600 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $94.48, for a total transaction of $529,088.00. Following the completion of the sale, the chairman now directly owns 145,546 shares of the company’s stock, valued at $13,751,186.08. The disclosure for this sale can be found here. Insiders have sold 28,550 shares of company stock worth $2,547,642 over the last ninety days. 0.57% of the stock is currently owned by insiders.
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Alaska Air Group Company Profile
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.
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