Alaska Air Group (NYSE:ALK): Morgan Stanley Reaffirms “Overweight” Rating Today, Has a Target of $77/Share

July 12, 2018 - By Bradley Stiles

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.12, from 0.99 in 2017Q4. It increased, as 70 investors sold Alaska Air Group, Inc. shares while 123 reduced holdings. 59 funds opened positions while 156 raised stakes. 110.73 million shares or 8.41% more from 102.14 million shares in 2017Q4 were reported.

Dupont Capital invested 0% in Alaska Air Group, Inc. (NYSE:ALK). Moneta Grp Inc Inc Investment Advisors reported 0.03% stake. Lateef Inv Mngmt L P holds 4% or 497,241 shares. Pinnacle Ltd invested 0.12% in Alaska Air Group, Inc. (NYSE:ALK). Robeco Institutional Asset Mgmt Bv has 0% invested in Alaska Air Group, Inc. (NYSE:ALK) for 500 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 11,006 shares. Benjamin F Edwards & Commerce has invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Synovus Fin reported 460 shares stake. Schroder Inv Mngmt Grp reported 23,671 shares. Lucus Limited Com accumulated 3,439 shares or 0.37% of the stock. Moreover, Earnest Prtnrs Ltd Com has 0% invested in Alaska Air Group, Inc. (NYSE:ALK) for 73 shares. Peak6 Invs Limited Partnership has invested 0.01% in Alaska Air Group, Inc. (NYSE:ALK). Davidson Inv Advsr invested 1.2% in Alaska Air Group, Inc. (NYSE:ALK). Rhumbline Advisers holds 0.03% or 218,639 shares. 10,769 are owned by Keybank National Association Oh.

Since February 16, 2018, it had 0 buys, and 6 selling transactions for $1.09 million activity. Another trade for 1,503 shares valued at $97,695 was sold by LEVINE KYLE B. The insider BERRY CHRISTOPHER MICHAEL sold $52,020. $511,780 worth of Alaska Air Group, Inc. (NYSE:ALK) was sold by BECK GARY L. The insider PEDERSEN BRANDON sold 2,700 shares worth $175,879.

Alaska Air Group (NYSE:ALK) Rating Reaffirmed

Morgan Stanley now has a $77 PT on the $7.45B market cap company or 27.38 % upside potential. In analysts report shared with investors and clients on 12 July, Alaska Air Group (NYSE:ALK) shares have had their “Overweight” Rating reaffirmed by expert analysts at Morgan Stanley.

Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage

Among 9 analysts covering Alaska Air (NYSE:ALK), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Alaska Air has $11000 highest and $6500 lowest target. $80.86’s average target is 33.76% above currents $60.45 stock price. Alaska Air had 19 analyst reports since January 26, 2018 according to SRatingsIntel. The stock of Alaska Air Group, Inc. (NYSE:ALK) earned “Hold” rating by Imperial Capital on Tuesday, April 17. The stock of Alaska Air Group, Inc. (NYSE:ALK) has “Hold” rating given on Friday, June 1 by Imperial Capital. The firm earned “Neutral” rating on Monday, June 18 by Citigroup. The rating was maintained by Morgan Stanley with “Overweight” on Friday, January 26. The firm has “Buy” rating by Buckingham Research given on Friday, January 26. Citigroup maintained Alaska Air Group, Inc. (NYSE:ALK) rating on Monday, April 16. Citigroup has “Neutral” rating and $70 target. Citigroup maintained it with “Neutral” rating and $69 target in Tuesday, May 29 report. On Tuesday, April 24 the stock rating was maintained by Imperial Capital with “Hold”. The firm has “Overweight” rating given on Thursday, April 12 by Morgan Stanley. The rating was downgraded by JP Morgan on Tuesday, January 30 to “Underweight”.

The stock increased 0.43% or $0.26 during the last trading session, reaching $60.45. About 124,708 shares traded. Alaska Air Group, Inc. (NYSE:ALK) has declined 28.54% since July 12, 2017 and is downtrending. It has underperformed by 41.11% the S&P500.

Analysts await Alaska Air Group, Inc. (NYSE:ALK) to report earnings on July, 26 before the open. They expect $1.64 EPS, down 34.66 % or $0.87 from last year’s $2.51 per share. ALK’s profit will be $202.14 million for 9.21 P/E if the $1.64 EPS becomes a reality. After $0.14 actual EPS reported by Alaska Air Group, Inc. for the previous quarter, Wall Street now forecasts 1,071.43 % EPS growth.

Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company has market cap of $7.45 billion. The firm operates through three divisions: Mainline, Regional, and Horizon. It has a 7.91 P/E ratio. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba.

Alaska Air Group, Inc. (NYSE:ALK) Institutional Positions Chart

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