Alaska Air Group Inc. [ALK] stock is trading at $46.93, down -0.36%. 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 2.07% over the last week, with a monthly amount glided 3.80%, 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 October 28, 2024, when Melius upgraded its rating to a Buy but kept the price target unchanged to $56 for it. Previously, Barclays started tracking the stock with Overweight rating on October 21, 2024, and set its price target to $55. On July 24, 2024, TD Cowen reiterated its Buy rating and revised its price target to $51 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $55 on May 17, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $58 on April 19, 2024. TD Cowen reiterated a Buy rating for this stock on April 05, 2024, and upped its price target to $49. In a note dated February 20, 2024, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $44 to $51.
Alaska Air Group Inc. [ALK] stock has fluctuated between $30.75 and $47.45 over the past year. Currently, Wall Street analysts expect the stock to reach $71.69 within the next 12 months. Alaska Air Group Inc. [NYSE: ALK] shares were valued at $46.93 at the most recent close of the market. An investor can expect a potential return of 52.76% based on the average ALK price forecast.
Analyzing the ALK fundamentals
Alaska Air Group Inc. [NYSE:ALK] reported sales of 10.52B for the trailing twelve months, which represents a growth of 2.08%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.06%, 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 0.05 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 46.35 points at the first support level, and at 45.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.46, and for the 2nd resistance point, it is at 47.99.
Ratios To Look Out For
For context, Alaska Air Group Inc.’s Current Ratio is 0.68. As well, the Quick Ratio is 0.66, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 27.17.
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.
