Reaffirmed: Alaska Air (NYSE:ALK) Outperform Rating Reconfirmed by Analysts at Cowen; $97 Target in Place

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Alaska Air (NYSE:ALK) Rating Reaffirmed

Cowen now has a $97 target PPS on the $10.16B market cap company or 20.42% upside potential. In a very recent research note made public on Friday morning, Alaska Air (NYSE:ALK) shares have had their Outperform Rating has decided to reaffirm by equity research analysts at Cowen.

From a total of 14 analysts covering Alaska Air Group (NYSE:ALK) stock, 9 rate it a ”Buy”, 2 a “Sell”, and 2 a ”Hold”. This means that 69% of the ratings are positive. The highest target price is $98 while the lowest target price is $73. The mean of all analyst targets is $88.04 with a 10.12% above today’s ($80.55) stock price. Alaska Air Group was the topic of 15 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on October 23 with “Hold” rating. Evercore downgraded ALK stock in a recent report from October 13 to “Hold” rating.

The stock decreased 1.41% or $1.15 on December 3, striking $80.55. Approximately shares of stock traded hands. Alaska Air Group, Inc. (NYSE:ALK) has risen 23.35% since May 1, 2015 and is uptrending. It has outperformed by 26.14% the S&P500.

Alaska Air Group, Inc. is a holding firm of Alaska Airlines Inc. and Horizon Air Industries Inc. (Horizon). The company has a market cap of $10.16 billion. The Firm 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. It has 13.06 P/E ratio. The Firm operates in three divisions: Alaska Mainline, Alaska Regional and Horizon.

According to Zacks Investment Research, “Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines. However, each subsidiary’s business plan, competition and economic risks differ substantially. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Horizon is a regional airline, operates jet and turboprop aircraft, and its average passenger trip is 231 miles.” Get a free copy of the Zacks research report on Alaska Air Group, Inc. (ALK).

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