Stifel Nicolaus Upgrades Alaska Air Group to Buy with Price Target $145

Brokerage firm Stifel Nicolaus Upgrades its rating on Alaska Air Group(ALK). As per the latest information, Stifel Nicolaus Raises the price target to $145 per share from a prior target of $105. The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 20, 2017 in a research report to their Investors and Clients.

Alaska Air Group (ALK) made into the market gainers list on Wednesdays trading session with the shares advancing 0.88% or 0.81 points. Due to strong positive momentum, the stock ended at $92.92, which is also near the day’s high of $92.96. The stock began the session at $91.66 and the volume stood at 16,78,734 shares. The 52-week high of the shares is $101.43 and the 52 week low is $54.51. The company has a current market capitalization of $11,473 M and it has 12,34,68,367 shares in outstanding.

Alaska Air Group(ALK) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $1.524B. Analysts had an estimated revenue of $1.420B. Earnings per share were $1.56. Analysts had estimated an EPS of $1.33.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2017, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 16,781 shares at $99.21 per share price.Also, On Feb 22, 2017, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 5,600 shares at $96.49 per share price.On Feb 22, 2017, Mark G Eliasen (VP/FINANCE & TREASURER) sold 1,723 shares at $96.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Alaska Air Group Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines which together with its partner regional airlines serve approximately 100 cities through a network in Alaska the Lower 48 Hawaii Canada and Mexico. The Company operates in three segments: Alaska Mainline Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaska’s business. Alaska Regional is Alaska’s shorter distance network. Horizon operates regional aircraft. In 2014 the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.

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