Stock To Watch: Alaska Air Group, Inc. (NYSE:ALK)


The leading market experts have placed a mean price target of $81.11 on Alaska Air Group, Inc. (NYSE:ALK) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.40 a share for the upcoming quarter and $7.03 for the current fiscal.

Technical View

The technical analysis of Alaska Air Group, Inc. Common S plainly substantiates that the 50-day moving average of Alaska Air Group, Inc. Common S is $65.98, and stock is trading $1.75 points away or +2.65% from its 50-day moving average of $65.98. Further it is trading $-2.10 or -3.00% away its 200-day moving average of $69.83. Alaska Air Group, Inc. (NYSE:ALK) 52-week high is $87.17 and the 52-week low is $54.51.

This explains if the stock moves $-19.44, it will post a 52-week high. In event of +24.25% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Alaska Air Group, Inc. Common S, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Alaska Air Group, Inc. (NYSE:ALK) ratio came in at 9.38.

The stock last ended the trading session at $67.73 and registered a market cap of $8.34B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Alaska Air Group, Inc. (NYSE:ALK) PEG ratio is at 2.46.

1 Chart Pattern Every Investor Should Know

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