Media coverage about Alaska Air Group (NYSE:ALK) has been trending positive on Monday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alaska Air Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.6436732806507 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Alaska Air Group, Inc. (ALK) Upgraded to “Strong-Buy” at UBS AG (americanbankingnews.com)
- Alaska Air Group, Inc. (ALK) Ex-Dividend Date Scheduled for November 20, 2017 – Nasdaq (nasdaq.com)
- Breakfast Technical Briefing on Regional Airlines Stocks — Hawaiian, JetBlue Airways, Alaska Air, and Southwest Airlines (bizjournals.com)
- BRIEF-Alaska Air Group says Oct 2017 rpms was 4.37 bln, up 11.0 pct (ALK) (markets.businessinsider.com)
- Alaska Air Group updates on traffic (seekingalpha.com)
Shares of Alaska Air Group (NYSE:ALK) opened at $66.40 on Monday. The company has a market capitalization of $8,170.00, a price-to-earnings ratio of 9.02 and a beta of 1.01. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.80 and a quick ratio of 0.78. Alaska Air Group has a 1 year low of $61.10 and a 1 year high of $101.43.
Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Wednesday, October 25th. The transportation company reported $2.24 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by ($0.02). Alaska Air Group had a net margin of 10.34% and a return on equity of 28.74%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm earned $2.20 EPS. Alaska Air Group’s revenue for the quarter was up 35.4% on a year-over-year basis. analysts expect that Alaska Air Group will post 6.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Tuesday, November 21st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Monday, November 20th. Alaska Air Group’s payout ratio is currently 19.23%.
Several brokerages have weighed in on ALK. Barclays PLC dropped their price objective on Alaska Air Group from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 26th. Morgan Stanley restated an “overweight” rating on shares of Alaska Air Group in a research note on Monday, September 18th. Cowen and Company dropped their price target on Alaska Air Group from $103.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, September 14th. Stifel Nicolaus decreased their price objective on Alaska Air Group from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Finally, Deutsche Bank AG decreased their price objective on Alaska Air Group from $99.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $91.27.
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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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