News stories about Alaska Air Group (NYSE:ALK) have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alaska Air Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave news headlines about the transportation company an impact score of 46.0421241002292 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Alaska Air Group, Inc. (ALK) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Alaska Air Group’s (ALK) “Buy” Rating Reiterated at Cowen and Company (americanbankingnews.com)
- Alaska Air hires VP external relations. (bizjournals.com)
- Alaska Air reports on August traffic (seekingalpha.com)
- Alaska Airlines names Diana Birkett Rakow VP of external relations (finance.yahoo.com)
ALK has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price objective on shares of Alaska Air Group in a research note on Friday, May 26th. Cowen and Company reiterated an “outperform” rating and set a $103.00 price objective on shares of Alaska Air Group in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Bank of America Corporation lifted their price objective on shares of Alaska Air Group from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of Alaska Air Group from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $104.86.
Alaska Air Group (NYSE:ALK) traded up 0.97% on Tuesday, reaching $76.32. 1,197,909 shares of the company were exchanged. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 12.41 and a beta of 1.00. The stock has a 50-day moving average price of $80.57 and a 200 day moving average price of $87.73. Alaska Air Group has a 52 week low of $64.19 and a 52 week high of $101.43.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Wednesday, July 26th. The transportation company reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.01). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.10 billion. Alaska Air Group had a return on equity of 30.04% and a net margin of 11.02%. The firm’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 EPS. Analysts forecast that Alaska Air Group will post $7.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Friday, August 18th. Alaska Air Group’s dividend payout ratio is currently 19.48%.
In related news, Chairman Bradley D. Tilden sold 2,400 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $85.83, for a total transaction of $205,992.00. Following the completion of the sale, the chairman now owns 140,346 shares in the company, valued at approximately $12,045,897.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 2,350 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $86.03, for a total transaction of $202,170.50. Following the sale, the executive vice president now owns 21,328 shares of the company’s stock, valued at approximately $1,834,847.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,350 shares of company stock valued at $937,251. 0.57% of the stock is owned by company insiders.
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About Alaska Air Group
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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