Morgan Stanley analyst Rajeev Lalwani maintained a Buy rating on Alaska Air (ALK) today and set a price target of $76. The company’s shares closed yesterday at $67.58.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 6.0% and a 66.2% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alaska Air with a $76.80 average price target.
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The company has a one-year high of $76.06 and a one-year low of $57.53. Currently, Alaska Air has an average volume of 1.5M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.
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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.
