Major Brokerage Firms Issue Research Notes on Alaska Air Group Inc. (ALK)

Alaska Air Group Inc. (NYSE:ALK) saw a downside of -2.52% to $56.96 after subtracting -$1.47 on Wednesday. The 5-day average trading volume is 1,258,697 shares of the company’s common stock. It has gained $61.87 in the past week. An average of 1,785,704 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,650,526.

ALK’s 1-month performance is 2.22% or -$0.30 on its low of $55.45 reached on 09/15/21. The company’s shares have touched a 52-week low of $35.06 and high of $74.25, with the stock’s rally to the 52-week high happening on 04/07/21. YTD, ALK has achieved 12.37% or $4.86. However, the current price is down -23.29%% from the 52-week high price.

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Insider Transactions

On Oct 01, 12 days have gone by since the last insider trading activity for Alaska Air Group Inc. (ALK). TILDEN BRADLEY D (CHAIRMAN) most recently sold 4,875 shares at $60.74 per share on Oct 01. This transaction cost the insider $296,098. CHAIRMAN, TILDEN BRADLEY D, sold 4,875 shares at a price of $57.08 on Sep 01. Then, on Aug 02, CHAIRMAN TILDEN BRADLEY D sold 4,875 shares at a price of $58.72 per share. This transaction amounted to $286,236.

Valuation Metrics

Alaska Air Group Inc. (ALK) has a trailing price-to-earnings (P/E) ratio of 18.35 for the broader industry and 28.44 for the sector. The company’s PE ratio for the last five years has touched a high of 100.28 and a low of 3.80. ALK stock has a beta of 1.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.92 while the price-to-book (PB) in the most recent quarter is 2.20, with the price to cash flow ratio at 15.75.

Alaska Air Group Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.00 meaning that ALK stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.70, while the total debt to equity was 0.96. In terms of profitability, the gross margin trailing 12 months is 41.20%. The trailing 12-month EBITDA margin is -35.64% while for the period ending June 29; Alaska Air Group Inc.’s operating margin was -21.00%. The firm’s gross profit as reported stood at -$1.77 billion against revenue of $3.57 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Alaska Air Group Inc.’s cash and short-term investments amounted to $2.93 billion against total debt of $4.67 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ALK to announce -$0.44 per share in earnings in its latest quarter, but it posted -$0.3, representing a 31.80% surprise. EBITDA for the quarter stood at more than $647.0 million. ALK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.33 billion, with total debt at $4.67 billion. Shareholders hold equity totaling $125.23 million

Technical Picture

Let’s look briefly at Alaska Air Group Inc. (ALK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 34.02% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.65%.

The stock’s 5-day moving average is $58.76, reflecting a -6.87% or -$4.19 change from its current price. ALK is currently trading +0.92% above its 20-day SMA, -16.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.58% and +8.13% respectively.

Stochastic %K and %D was 14.53% and 29.40% and the average true range (ATR) pointed at 1.82. The RSI (14) points at 41.30%, while the 14-day stochastic is at 4.26% with the period’s ATR at 1.85. The stock’s 9-day MACD Oscillator is pointing at -2.17 and -2.30 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Alaska Air Group Inc. (NYSE: ALK), Wolfe Research upgraded it to an Outperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for ALK stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ALK as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 14 have offered a “buy” rating.

What is ALK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $68.00 and a high of $97.00, with their median price target at $79.00. Looking at these predictions, the average price target given by analysts is for Alaska Air Group Inc. (ALK) stock is $78.71.


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