Last Updated: 07 Nov 2024
Executive Summary
Alaska Air Group Inc. (ALK) is a major airline holding company in the United States. The company's stock has been trading in a range between $32 and $51.91 over the past 52 weeks. The latest stock price is $51.62. Analysts have a strong buy rating on the stock with a target price of $55.16. The company has a strong financial position with a market capitalization of $6.12 billion, EBITDA of $1.3 billion, and a trailing PE ratio of 18.82. The company is expected to continue to grow in the future, with analysts forecasting a forward PE ratio of 7.56.
Company Overview
Alaska Air Group is an airline holding company headquartered in SeaTac, Washington. The company operates a fleet of over 300 aircraft and serves over 100 destinations in the United States, Canada, Mexico, and Costa Rica. The company's main hubs are in Seattle, Los Angeles, San Francisco, and Portland. Alaska Air Group is a member of the Oneworld airline alliance.
Fundamental Analysis
Alaska Air Group has a strong financial position. The company has a market capitalization of $6.12 billion, EBITDA of $1.3 billion, and a trailing PE ratio of 18.82. The company's revenue has grown by 8.2% over the past year to $10.75 billion. The company's net income has also grown by 70.4% over the past year to $258 million. The company's balance sheet is also strong, with total assets of $12.6 billion and total liabilities of $6.5 billion.
Technical Analysis
The technical analysis of Alaska Air Group's stock shows that the stock is in a bullish trend. The stock is trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also in bullish territory. The RSI is a momentum indicator that measures the magnitude of recent price changes. A reading above 50 indicates that the stock is in a bullish trend.
Short Term Outlook
The short-term outlook for Alaska Air Group's stock is positive. The stock is trading in a bullish trend and is expected to continue to rise in the near term. The stock's target price is $55.16, which is 6.7% above the current price.
Long Term Outlook
The long-term outlook for Alaska Air Group's stock is also positive. The company is expected to continue to grow in the future, with analysts forecasting a forward PE ratio of 7.56. The company's strong financial position and growth prospects make it a good investment for long-term investors.
Analyst Recommendations
Analysts have a strong buy rating on Alaska Air Group's stock. The consensus target price is $55.16, which is 6.7% above the current price. Three analysts have a strong buy rating on the stock, seven have a buy rating, four have a hold rating, and zero have a sell or strong sell rating.
