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Raymond James upgraded Alaska Air (NYSE:ALK) from Outperform to Strong Buy in a report released today.

Raymond James has upgraded Alaska Air (NYSE:ALK) from Outperform to Strong Buy in a statement released on 11/15/2017.

Boasting a price of $66.03, Alaska Air (NYSE:ALK) traded -1.11% lower on the day. The last stock close price is down -21.51% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period. ALK has recorded a 50-day moving average of $76.17 and a 200-day moving average of $83.19. 617,433 shares of Alaska Air were exchanged, down from an average trading volume of 1,701,600

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Alaska Air (NYSE:ALK)

Alaska Air has PE ratio of 10.62 with a 52 week low of $64.77 and a one year high of $101.43 and has a total market value of $0.

A total of 11 firms have reported on the stock. 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 5 brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $88.41.

More About Alaska Air (NYSE:ALK)

Alaska Air Group, Inc. is the holding company of Alaska Airlines (Alaska), Virgin America Inc., Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska's and Virgin America's scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba. Its Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the United States under capacity purchased arrangements (CPAs). Its Horizon segment includes the capacity sold to Alaska under CPA. Alaska and Virgin America operate fleets of narrowbody passenger jets. As of December 31, 2016, it maintained two frequent flyer plans: the Alaska Airlines Mileage Plan and the Virgin America Elevate.

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