Breaking: Stifel Nicolaus Maintains $125.0 Price Target On Alaska Air (NYSE:ALK) Shares, Maintains Their Original Buy Rating

January 2, 2018 - By Richard Conner

 Breaking: Stifel Nicolaus Maintains $125.0 Price Target On Alaska Air (NYSE:ALK) Shares, Maintains Their Original Buy Rating

Investors sentiment increased to 1.34 in 2017 Q3. Its up 0.19, from 1.15 in 2017Q2. It is positive, as 53 investors sold Alaska Air Group, Inc. shares while 131 reduced holdings. 68 funds opened positions while 179 raised stakes. 105.25 million shares or 1.07% less from 106.39 million shares in 2017Q2 were reported.

204,330 were accumulated by Natixis. M&T Bank Corp accumulated 54,924 shares or 0.02% of the stock. Rhumbline Advisers has 0.04% invested in Alaska Air Group, Inc. (NYSE:ALK) for 230,509 shares. Cypress Grp holds 0.07% or 4,606 shares in its portfolio. Brown Brothers Harriman Company reported 275 shares. Boston Advsrs Limited Liability Co has 0.21% invested in Alaska Air Group, Inc. (NYSE:ALK). Menta Capital Limited Liability Corp has invested 0.26% in Alaska Air Group, Inc. (NYSE:ALK). Tower Research Ltd Liability Company (Trc) stated it has 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Ngam Advsrs Lp accumulated 0.02% or 19,089 shares. Bluemountain Cap Mngmt Ltd Liability has invested 0.08% in Alaska Air Group, Inc. (NYSE:ALK). Nomura Inc owns 96,840 shares. Cypress Asset Management Inc Tx owns 0.07% invested in Alaska Air Group, Inc. (NYSE:ALK) for 4,350 shares. Deltec Asset Mngmt Ltd Llc invested 0.22% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Dana Invest Advsrs reported 1.25% stake. Engines Lc has 0.11% invested in Alaska Air Group, Inc. (NYSE:ALK).

Since August 7, 2017, it had 0 insider buys, and 2 sales for $408,160 activity. 2,350 shares were sold by HARRISON ANDREW R, worth $202,167 on Monday, August 7.

Alaska Air (NYSE:ALK) Rating Reaffirmed

New York: In a note sent to clients and investors on Monday, 23 October, Stifel Nicolaus kept their Buy rating on Alaska Air (NYSE:ALK) shares. They now have a $125.0 TP on the company. Stifel Nicolaus’s target would suggest a potential upside of 70.04 % from the company’s last stock price.

Investors sentiment increased to 1.34 in 2017 Q3. Its up 0.19, from 1.15 in 2017Q2. It is positive, as 53 investors sold Alaska Air Group, Inc. shares while 131 reduced holdings. 68 funds opened positions while 179 raised stakes. 105.25 million shares or 1.07% less from 106.39 million shares in 2017Q2 were reported.

204,330 were accumulated by Natixis. M&T Bank Corp accumulated 54,924 shares or 0.02% of the stock. Rhumbline Advisers has 0.04% invested in Alaska Air Group, Inc. (NYSE:ALK) for 230,509 shares. Cypress Grp holds 0.07% or 4,606 shares in its portfolio. Brown Brothers Harriman Company reported 275 shares. Boston Advsrs Limited Liability Co has 0.21% invested in Alaska Air Group, Inc. (NYSE:ALK). Menta Capital Limited Liability Corp has invested 0.26% in Alaska Air Group, Inc. (NYSE:ALK). Tower Research Ltd Liability Company (Trc) stated it has 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Ngam Advsrs Lp accumulated 0.02% or 19,089 shares. Bluemountain Cap Mngmt Ltd Liability has invested 0.08% in Alaska Air Group, Inc. (NYSE:ALK). Nomura Inc owns 96,840 shares. Cypress Asset Management Inc Tx owns 0.07% invested in Alaska Air Group, Inc. (NYSE:ALK) for 4,350 shares. Deltec Asset Mngmt Ltd Llc invested 0.22% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Dana Invest Advsrs reported 1.25% stake. Engines Lc has 0.11% invested in Alaska Air Group, Inc. (NYSE:ALK).

Since August 7, 2017, it had 0 insider buys, and 2 sales for $408,160 activity. 2,350 shares were sold by HARRISON ANDREW R, worth $202,167 on Monday, August 7.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Among 16 analysts covering Alaska Air Group (NYSE:ALK), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. Alaska Air Group has $145 highest and $9 lowest target. $89.75’s average target is 22.09% above currents $73.51 stock price. Alaska Air Group had 70 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Hold” rating given on Tuesday, October 13 by Evercore. The firm has “Buy” rating by Stifel Nicolaus given on Monday, May 29. Deutsche Bank maintained the shares of ALK in report on Friday, October 23 with “Hold” rating. Cowen & Co maintained Alaska Air Group, Inc. (NYSE:ALK) on Thursday, October 26 with “Buy” rating. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Buy” rating given on Monday, October 23 by Stifel Nicolaus. On Monday, September 18 the stock rating was maintained by Morgan Stanley with “Overweight”. J.P. Morgan downgraded the shares of ALK in report on Wednesday, November 1 to “Hold” rating. Stifel Nicolaus upgraded Alaska Air Group, Inc. (NYSE:ALK) on Monday, March 20 to “Buy” rating. The stock has “Outperform” rating by Cowen & Co on Monday, May 16. On Tuesday, August 4 the stock rating was maintained by Morgan Stanley with “Overweight”.

The stock decreased 1.42% or $1.06 during the last trading session, reaching $73.51. About 1.04 million shares traded. Alaska Air Group, Inc. (NYSE:ALK) has risen 29.33% since January 2, 2017 and is uptrending. It has outperformed by 12.63% the S&P500.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on February, 14. They expect $0.94 earnings per share, down 39.74 % or $0.62 from last year’s $1.56 per share. ALK’s profit will be $115.66M for 19.55 P/E if the $0.94 EPS becomes a reality. After $2.24 actual earnings per share reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -58.04 % negative EPS growth.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company has market cap of $9.05 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 11.82 P/E ratio. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba.

More notable recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Seekingalpha.com which released: “Alaska Airlines: Struggling Virgin America Brand May Be Turning The Corner” on December 19, 2017, also Seekingalpha.com with their article: “Alaska Air: Set For Takeoff” published on December 31, 2017, Prnewswire.com published: “Alaska Air Group reports November 2017 operational results” on December 15, 2017. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) were released by: Nasdaq.com and their article: “Alaska Air Group Hit by Multiple Headwinds: Time to Dump?” published on December 19, 2017 as well as Zacks.com‘s news article titled: “Alaska Air Group Posts November Traffic Data, View Revised” with publication date: December 18, 2017.

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