In a report released today, Jose Caiado from Credit Suisse maintained a Buy rating on Alaska Air (ALK), with a price target of $76. The company’s shares opened today at $60.39.
According to TipRanks.com, Caiado is a 1-star analyst with an average return of -0.1% and a 30.0% success rate. Caiado covers the Services sector, focusing on stocks such as Southwest Airlines, American Airlines, and JetBlue Airways.
Alaska Air has an analyst consensus of Strong Buy, with a price target consensus of $76.56, representing a 26.8% upside. In a report issued on March 29, Raymond James also maintained a Buy rating on the stock with a $80 price target.
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Alaska Air’s market cap is currently $7.36B and has a P/E ratio of 16.94. The company has a Price to Book ratio of 1.96.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
