Analysts at Citigroup Maintained their Past ‘”Neutral”’ rating on Shares Alaska Air Group (NYSE:ALK), Set a $70 Target

April 17, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.35, from 1.34 in 2017Q3. It worsened, as 68 investors sold Alaska Air Group, Inc. shares while 156 reduced holdings. 80 funds opened positions while 142 raised stakes. 102.14 million shares or 2.96% less from 105.25 million shares in 2017Q3 were reported.

Captrust Advisors has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK). Cibc invested in 0% or 5,328 shares. 7,655 were reported by Vision Cap Inc. Investec Asset Management Limited owns 873,565 shares or 0.26% of their US portfolio. Peak6 Investments Lp has 38,319 shares. Nuwave Investment Mngmt Ltd Liability Corporation has 13 shares for 0% of their portfolio. Dimensional Fund Advisors Limited Partnership holds 0.04% or 1.33M shares in its portfolio. Hsbc Holdg Plc accumulated 179,574 shares. 46,575 are held by Envestnet Asset Management. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma holds 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 32 shares. Td Asset invested in 273,160 shares. Millennium Mgmt Limited Liability Corporation has invested 0.06% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). 45,750 were accumulated by Toronto Dominion Natl Bank. Cibc Asset Mngmt stated it has 0.01% in Alaska Air Group, Inc. (NYSE:ALK). State Of Tennessee Treasury Department has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK).

Since February 16, 2018, it had 0 insider buys, and 5 insider sales for $989,848 activity. The insider BERRY CHRISTOPHER MICHAEL sold $52,020. On Wednesday, February 28 LEVINE KYLE B sold $97,695 worth of Alaska Air Group, Inc. (NYSE:ALK) or 1,503 shares. 7,880 shares valued at $511,780 were sold by BECK GARY L on Thursday, March 8. 2,350 shares valued at $152,474 were sold by HARRISON ANDREW R on Thursday, March 8.

Alaska Air Group (NYSE:ALK) Rating Reaffirmed

The financial firm has just set a TP of $70 on Alaska Air Group (NYSE:ALK) shares. This is 8.01 % from the close price. In analysts report released on Monday morning, Citigroup reiterated their “Neutral” rating on shares of ALK.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.35, from 1.34 in 2017Q3. It worsened, as 68 investors sold Alaska Air Group, Inc. shares while 156 reduced holdings. 80 funds opened positions while 142 raised stakes. 102.14 million shares or 2.96% less from 105.25 million shares in 2017Q3 were reported.

Captrust Advisors has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK). Cibc invested in 0% or 5,328 shares. 7,655 were reported by Vision Cap Inc. Investec Asset Management Limited owns 873,565 shares or 0.26% of their US portfolio. Peak6 Investments Lp has 38,319 shares. Nuwave Investment Mngmt Ltd Liability Corporation has 13 shares for 0% of their portfolio. Dimensional Fund Advisors Limited Partnership holds 0.04% or 1.33M shares in its portfolio. Hsbc Holdg Plc accumulated 179,574 shares. 46,575 are held by Envestnet Asset Management. Loring Wolcott And Coolidge Fiduciary Advsr Llp Ma holds 0% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK) for 32 shares. Td Asset invested in 273,160 shares. Millennium Mgmt Limited Liability Corporation has invested 0.06% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). 45,750 were accumulated by Toronto Dominion Natl Bank. Cibc Asset Mngmt stated it has 0.01% in Alaska Air Group, Inc. (NYSE:ALK). State Of Tennessee Treasury Department has invested 0.02% in Alaska Air Group, Inc. (NYSE:ALK).

Since February 16, 2018, it had 0 insider buys, and 5 insider sales for $989,848 activity. The insider BERRY CHRISTOPHER MICHAEL sold $52,020. On Wednesday, February 28 LEVINE KYLE B sold $97,695 worth of Alaska Air Group, Inc. (NYSE:ALK) or 1,503 shares. 7,880 shares valued at $511,780 were sold by BECK GARY L on Thursday, March 8. 2,350 shares valued at $152,474 were sold by HARRISON ANDREW R on Thursday, March 8.

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

Among 14 analysts covering Alaska Air (NYSE:ALK), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. Alaska Air has $145 highest and $66 lowest target. $82’s average target is 26.52% above currents $64.81 stock price. Alaska Air had 30 analyst reports since October 23, 2017 according to SRatingsIntel. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Overweight” rating given on Monday, November 13 by Morgan Stanley. The firm earned “Neutral” rating on Thursday, February 15 by UBS. Cowen & Co maintained the shares of ALK in report on Monday, December 4 with “Buy” rating. The firm has “In-Line” rating given on Thursday, February 1 by Imperial Capital. The firm earned “Sell” rating on Tuesday, January 30 by J.P. Morgan. As per Friday, January 26, the company rating was maintained by Cowen & Co. Morgan Stanley maintained the stock with “Overweight” rating in Friday, February 23 report. The firm has “Buy” rating given on Monday, January 8 by Cowen & Co. The stock has “Strong Buy” rating by Raymond James on Wednesday, November 15. On Friday, April 13 the stock rating was maintained by Cowen & Co with “Buy”.

The stock decreased 0.61% or $0.4 during the last trading session, reaching $64.81. About 443,346 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 35.27% since April 17, 2017 and is downtrending. It has underperformed by 46.82% the S&P500.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on April, 25. They expect $-0.16 EPS, down 115.24 % or $1.21 from last year’s $1.05 per share. After $0.83 actual EPS reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts -119.28 % 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 $8.00 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 7.76 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.

Alaska Air Group, Inc. (NYSE:ALK) Institutional Positions Chart

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