In a report released today, Daniel Mckenzie from Seaport Global maintained a Buy rating on Alaska Air (ALK – Research Report), with a price target of $63.00. The company’s shares closed last Friday at $49.23.
According to TipRanks, Mckenzie is a 2-star analyst with an average return of 0.6% and a 50.51% success rate. Mckenzie covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Spirit Airlines, and Azul SA.
Currently, the analyst consensus on Alaska Air is a Strong Buy with an average price target of $56.29.
The company has a one-year high of $50.16 and a one-year low of $32.00. Currently, Alaska Air has an average volume of 2.45M.
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Alaska Air (ALK) Company Description:
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
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