Investment analysts at UBS AG boosted their target price on shares of Alaska Air (NYSE: ALK)
Shares of Alaska Air traded up 2.62% during mid-day trading on Friday, hitting $57.50. Alaska Air has a one year low of $31.29 and a one year high of $56.54. The stock?s 50-day moving average is currently $49.17. The company has a market cap of $4.045 billion and a P/E ratio of 12.73.
Alaska Air last issued its quarterly earnings data on Thursday, January 24th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company?s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Alaska Air will post $5.46 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dahlman Rose raised their price target on shares of Alaska Air from $53.00 to $63.00 in a research note to investors on Monday. They now have a ?buy? rating on the stock. Analysts at Barclays Capital raised their price target on shares of Alaska Air from $35.00 to $48.00 in a research note to investors on Thursday, January 17th. They now have an ?underweight? rating on the stock. Seven investment analysts have rated the stock with a buy rating, two have given an overweight rating, three have issued a hold rating, and two have assigned a sell rating to the company. The company presently has a consensus rating of ?overweight? and a consensus target price of $57.64.
Alaska Air Group, Inc. (Air Group) has two subsidiaries: Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc.