UBS AG upgraded shares of Alaska Air Group, Inc. (NYSE:ALK) from an outperform rating to a strong-buy rating in a research note issued to investors on Wednesday, The Fly reports.

Other research analysts have also issued research reports about the stock. Imperial Capital decreased their price target on shares of Alaska Air Group from $85.00 to $70.00 and set a line rating on the stock in a research report on Thursday, October 26th. BidaskClub lowered shares of Alaska Air Group from a buy rating to a hold rating in a research report on Wednesday, July 19th. Morgan Stanley restated an overweight rating on shares of Alaska Air Group in a research report on Tuesday, September 12th. Bank of America Corporation decreased their price target on shares of Alaska Air Group from $100.00 to $96.00 and set a buy rating on the stock in a research report on Friday, October 13th. Finally, ValuEngine lowered shares of Alaska Air Group from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $91.27.

Shares of Alaska Air Group (NYSE ALK) opened at $66.40 on Wednesday. Alaska Air Group has a twelve month low of $61.10 and a twelve month high of $101.43. The company has a market capitalization of $8,170.19, a P/E ratio of 9.02 and a beta of 1.01. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a return on equity of 28.74% and a net margin of 10.34%. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the firm earned $2.20 EPS. Alaska Air Group’s revenue for the quarter was up 35.4% on a year-over-year basis. analysts expect that Alaska Air Group will post 6.78 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.81%. The ex-dividend date is Monday, November 20th. Alaska Air Group’s payout ratio is 19.26%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALK. Thrivent Financial For Lutherans grew its position in Alaska Air Group by 6.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 4,530 shares of the transportation company’s stock worth $418,000 after purchasing an additional 280 shares in the last quarter. State of Alaska Department of Revenue grew its position in Alaska Air Group by 105.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,291 shares of the transportation company’s stock worth $474,000 after purchasing an additional 2,710 shares in the last quarter. LS Investment Advisors LLC grew its position in Alaska Air Group by 10.9% during the 2nd quarter. LS Investment Advisors LLC now owns 3,146 shares of the transportation company’s stock worth $282,000 after purchasing an additional 310 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Alaska Air Group by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,700 shares of the transportation company’s stock valued at $691,000 after acquiring an additional 100 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Alaska Air Group by 8.7% during the 2nd quarter. Aperio Group LLC now owns 53,209 shares of the transportation company’s stock valued at $4,776,000 after acquiring an additional 4,259 shares in the last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.

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.

The Fly

Analyst Recommendations for Alaska Air Group (NYSE:ALK)

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