In a report released today, Andrew Didora from Bank of America Securities maintained a Buy rating on Alaska Air (ALK – Research Report), with a price target of $1.56. The company’s shares opened today at $41.85.
According to TipRanks, Didora is an analyst with an average return of -7.0% and a 52.80% success rate. Didora covers the Industrials sector, focusing on stocks such as American Airlines, Southwest Airlines, and Spirit Airlines.
In addition to Bank of America Securities, Alaska Air also received a Buy from TD Cowen’s Helane Becker in a report issued on April 4. However, on the same day, Goldman Sachs assigned a Hold rating to Alaska Air (NYSE: ALK).
The company has a one-year high of $57.18 and a one-year low of $30.75. Currently, Alaska Air has an average volume of 2.31M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alaska Air (ALK) Company Description:
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. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
