Morgan Stanley analyst Rajeev Lalwani maintained a Buy rating on Alaska Air (ALK) today and set a price target of $74.00. The company’s shares closed last Monday at $64.95.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.6% and a 65.1% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and American Airlines.
Alaska Air has an analyst consensus of Moderate Buy, with a price target consensus of $69.60.
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Based on Alaska Air’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.29 billion and net profit of $262 million. In comparison, last year the company earned revenue of $2.21 billion and had a net profit of $217 million.
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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.
