Alaska Air Group Inc. [ALK] stock prices are up 4.71% to $42.72 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALK shares have gain 1.81% over the last week, with a monthly amount glided 11.80%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alaska Air Group Inc. [NYSE: ALK] stock has seen the most recent analyst activity on April 05, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $49 from $41. Previously, Deutsche Bank upgraded its rating to Buy on February 20, 2024, and elevated its price target to $51. On January 26, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $40 on the stock. Susquehanna downgraded its rating to a Neutral and increased its price target to $40 on January 10, 2024. Melius downgraded its rating to a Hold. Raymond James downgraded its rating to Mkt Perform for this stock on December 04, 2023. In a note dated December 04, 2023, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $55 to $44.
The stock price of Alaska Air Group Inc. [ALK] has been fluctuating between $30.75 and $57.18 over the past year. Currently, Wall Street analysts expect the stock to reach $74.36 within the next 12 months. Alaska Air Group Inc. [NYSE: ALK] shares were valued at $42.72 at the most recent close of the market. An investor can expect a potential return of 74.06% based on the average ALK price forecast.
Analyzing the ALK fundamentals
The Alaska Air Group Inc. [NYSE:ALK] reported sales of 10.43B for trailing twelve months, representing a surge of 2.99%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.70 points at the first support level, and at 40.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.35, and for the 2nd resistance point, it is at 43.97.
Ratios To Look Out For
It’s worth pointing out that Alaska Air Group Inc. [NYSE:ALK]’s Current Ratio is 0.61. As well, the Quick Ratio is 0.58, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 23.63.
Transactions by insiders
Recent insider trading involved HARRISON ANDREW R, EVP AND CCO, that happened on Feb 28 ’24 when 6500.0 shares were sold. CEO AND PRESIDENT, MINICUCCI BENITO completed a deal on Dec 07 ’23 to buy 56.0 shares. Meanwhile, CEO AND PRESIDENT MINICUCCI BENITO sold 5000.0 shares on Jun 08 ’23.
