Imperial Capital announced Alaska Air (NYSE:ALK), boosting its stock price target to $74.00 today
- Updated: September 22, 2016
Yesterday Alaska Air (NYSE:ALK) traded -0.99% lower at $66.04. Alaska Air’s 50-day average is $67.13 and its two hundred day average is $69.16. With the last close down -4.51% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was up over the average, with 2,126,079 shares of ALK changing hands over the typical 1,499,550
In a report released on Friday September 23, 2016 Imperial Capital increased the stock price target of Alaska Air (NYSE:ALK) to $74.00 indicating a possible upside of 0.12%.
Previously on 09/07/2016, Vetr Inc. reported on Alaska Air (NYSE:ALK) increased the target price from $0.00 to $81.75. At the time, this indicated a possible upside of 0.15%.
Recent Performance Chart
Alaska Air has 52 week low of $54.51 and a 52 week high of $87.17 with a PE ratio of 9.14 and has a market capitalization of $0.
In addition to Imperial Capital reporting its stock price target, a total of 11 brokerages have issued a ratings update 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 (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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