Buckingham Keeps Their Buy Rating on Alaska Air (ALK)
In a report released today, Daniel Mckenzie from Buckingham maintained a Buy rating on Alaska Air (ALK), with a price target of $88.00. The company’s shares closed last Monday at $68.29.
According to TipRanks.com, Mckenzie is a 4-star analyst with an average return of 8.4% and a 57.8% success rate. Mckenzie covers the Services sector, focusing on stocks such as Norwegian Cruise Line, Hawaiian Holdings, and JetBlue Airways.
Alaska Air has an analyst consensus of Moderate Buy, with a price target consensus of $72.60, implying a 6.9% upside from current levels. In a report issued on October 10, Morgan Stanley also maintained a Buy rating on the stock with a $76.00 price target.
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The company has a one-year high of $74.83 and a one-year low of $53.39. Currently, Alaska Air has an average volume of 933.4K.
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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.