Alaska Air (ALK) is Downgraded by Stifel to Hold

Alaska Air (ALK) is Downgraded by Stifel to Hold , according to the research report released to the investors. Earlier the firm had a rating of Buy on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Alaska Air Group, Inc. (NYSE:ALK) ended Thursday session in red amid volatile trading. The shares closed down 1.62 points or 1.96% at $81.13 with 1,050,864 shares getting traded. Post opening the session at $82.79, the shares hit an intraday low of $81 and an intraday high of $84.25 and the price vacillated in this range throughout the day. The company has a market cap of $10,233 million and the number of outstanding shares has been calculated to be 126,128,614 shares. The 52-week high of Alaska Air Group, Inc. (NYSE:ALK) is $87.171 and the 52-week low is $54.54.

During the last several months other analysts have commented on the company rating. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Alaska Air Group, Inc. (NYSE:ALK). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm raises the price target from $73 per share to $77 per share. The rating by the firm was issued on October 23, 2015.

As many as 10 brokerage firms have rated Alaska Air Group, Inc. (NYSE:ALK) at 2.3. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. 1 rated the company as strong sell. Sell was recommended by 1 analysts. The stock garnered a place in the hold list of 3 stock Analysts. 5 analysts rated the company as a strong buy.

Alaska Air Group, Inc. (NYSE:ALK): 11 analysts have set the short term price target of Alaska Air Group, Inc. (NYSE:ALK) at $88.59. The standard deviation of short term price target has been estimated at $13.49, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 112 and $73 respectively.

Alaska Air Group, Inc. has dropped 3.83% in the last five trading days, however, the shares have posted positive gains of 4.63% in the last 4 weeks. Alaska Air Group, Inc. is up 3.3% in the last 3-month period. Year-to-Date the stock performance stands at 37.3%.”

Alaska Air Group, Inc. is the holding company of Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc. (Horizon), 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, which is the Boeing 737 part of Alaska’s business; Alaska Regional, which is Alaska’s shorter distance network, and Horizon, which operates regional aircraft. It operates two airlines: Alaska Airlines and Horizon Air. 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.