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Buckingham Research upgraded Alaska Air Group, Inc. (NYSE:ALK) to Buy in a report released today.

Buckingham Research has upgraded Alaska Air Group, Inc. (NYSE:ALK) to Buy in a report released on Thursday October 13, 2016.

Previously on 9/23/2016, Imperial Capital released a statement about Alaska Air Group, Inc. (NYSE:ALK) increased the target price from $0.00 to $74.00. At the time, this indicated a possible upside of 0.12%.

Just yesterday Alaska Air Group, Inc. (NYSE:ALK) traded -0.89% lower at $70.43. Alaska Air Group, Inc.’s 50-day moving average is $67.89 and its 200-day moving average is $67.89. The last stock price is up 6.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,155,946 shares of ALK traded hands, down from an average trading volume of 1,334,880

Recent Performance Chart

Alaska Air Group, Inc. (NYSE:ALK)

Alaska Air Group, Inc. has 52 week low of $54.51 and a 52 week high of $87.17 with a PE ratio of 10.01 and has a market capitalization of $0.

In addition to Buckingham Research reporting its stock price target, a total of 11 brokerages have issued a research note on the company. The average stock price target is $88.41 with 3 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Alaska Air Group, Inc. (NYSE:ALK)

Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Company operates through three segments: Alaska Mainline, Alaska Regional and Horizon. Its Alaska Mainline segment operates the Boeing 737 part of Alaska's business. It offers north/south service within the western United States, Canada, Mexico and Costa Rica, as well as passenger and dedicated cargo services to and within the state of Alaska. It also provides long-haul east/west service to Hawaii and cities in the mid-continental and eastern United States from Seattle. Its regional operations consist of flights operated by Horizon, SkyWest Airlines, Inc. and Peninsula Airways, Inc. The regional fleet operated by SkyWest consists of over eight CRJ 700 aircraft and approximately five E175 aircraft. Its Horizon segment operates regional aircraft. Horizon operates a fleet of turboprop aircraft. Horizon's operating fleet consists of approximately 50 Bombardier Q400 turboprop aircraft.

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