Alaska Air Group (NYSE:ALK) Target Raised by Goldman Sachs Group Inc to $63.00

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Alaska Air Group stock has undergone multiple analysts rating changes in the recent past.  Alaska Air Group stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $63.00. The analysts previously had $51.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 83.67% from the stock’s previous close.

Shares of Alaska Air Group traded up $1.33 on Monday, reaching $35.63. 898562 shares of the stock traded hands, compared to its average volume of 4717325. Shares of were trading at $35.63 on Monday. The firm’s 50 day moving average is $$33.43 and its 200 day moving average is $52.66.Alaska Air Group  has a 12 month low of $34.06 and a 12 month high of $72.22. While on yearly highs and lows, Alaska Air Group today has traded high as $35.99 and has touched $34.06 on the downward trend.

Alaska Air Group Earnings and What to expect: 

Alaska Air Group last issued its earnings data on May 5th, 2020. The transportation company reported ($0.82) EPS for the quarter, beating the consensus estimate of ($1.27) by $0.45. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.71 billion. Its revenue for the quarter was down 12.8% on a year-over-year basis. Alaska Air Group has generated $6.42 earnings per share over the last year and currently has a price-to-earnings ratio of 8.2. Alaska Air Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, July 23rd, 2020 based off prior year’s report dates.

Earnings for Alaska Air Group are expected to grow in the coming year, from ($6.16) to $3.90 per share. The P/E ratio of Alaska Air Group is 7.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.03. The P/E ratio of Alaska Air Group is 7.98, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.90. Alaska Air Group has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.47%
  • On 5/28/2020 VP Christopher Michael Berry Buy 570 at average share price of $34.92 which equates to $19,904.40 in money value.
  • On 3/27/2020 Director Helvi Kay Sandvik Sell 421 at average price of  $31.73 with total value of : Not Data Available
  • On 3/23/2020 Director Helvi Kay Sandvik Buy 421 at average price of  $23.68 with total value of : $9,969.28
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Alaska Air Group

  • 6/22/2020 – Alaska Air Group had its price target raised by analysts at Raymond James from $40.00 to $44.00. They now have a “strong-buy” rating on the stock.
  • 6/10/2020 – Alaska Air Group had its price target raised by analysts at JPMorgan Chase & Co. from $43.00 to $54.00.
  • 6/8/2020 – Alaska Air Group was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating.
  • 5/29/2020 – Alaska Air Group was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $52.00 price target on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Shopify had its price target raised by analysts at Goldman Sachs Group Inc from $786.00 to $1,127.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – SkyWest had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $53.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – Spirit Airlines had its price target raised by analysts at Goldman Sachs Group Inc from $15.00 to $20.00. They now have a “conviction-buy” rating on the stock.
  • 6/29/2020 – JetBlue Airways had its price target raised by analysts at Goldman Sachs Group Inc from $12.00 to $17.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Alaska Air Group (NYSE:ALK) Moving Average Technical Analysis

5 day Moving Average is $$35.08 And 5 day price change is -$2.05 (-5.61%)  with average volume for 5 day average is 2,620,004. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $38.57 and 20 day price change is -$1.69 (-4.67%) and average 20 day moving volume is 5,134,591. 50 day moving average is $33.43  and 50 day price change is $4.49 ( 15.02%)  and with average volume for 50 days is : 3,985,466. 200 day moving average is $52.66  and 200 day price change is -$31.26 (-47.59%)  and with average volume for 200 days is : 2,233,777.

See More Analyst Rating at: RATING