Alaska Air (ALK) Gets a Buy Rating from Morgan Stanley

By Austin Angelo

In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Buy rating on Alaska Air (ALKResearch Report), with a price target of $76.00. The company’s shares closed last Monday at $64.11.

According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.4% and a 65.5% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and American Airlines.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alaska Air with a $70.00 average price target.

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Alaska Air’s market cap is currently $7.9B and has a P/E ratio of 15.72. The company has a Price to Book ratio of 1.99.

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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.