Analyst Ratings for Alaska Air Group Inc. (ALK)Updated: 2017-07-26
Alaska Air Group Inc. (NYSE:ALK) was awarded an average rating of Buy from investment analysts following the stock. ALK had previously received a consensus rating of Buy a month ago.
A buy rating was issued by 10 analysts, 1 gave an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for ALK. The most optimistic price target was 145, implying potential capital gains of 72.07 percent. The lowest price target was 98, which equates to a potential downside of 16.29 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 2.24 percent. The average change in earnings estimates over the last 90 days is 7.04 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.68 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.22 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. During this time, 5 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of ALK to grow at a rate of 32.87 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. ALK has a PEG ratio of 0.43.
In the trailing 52-weeks, ALK hit 101.43 at the highest peak, while it's lowest trading point was 64.19. The current market price is above the trailing year's low by 31.28 percent, and 16.92 percent lower than its 52-week high. ALK has a price/earnings ratio of 14.23. Investors typically compare the P/E ratio to a company's peers in the industry. The ALK value stock report compares ALK to some of its peers using value stock charts. The stock has a market capitalization of $10.76 billion. ALK will post this quarters earnings in days, on 0000-00-00.