Alaska Air Receives a Buy from Stifel Nicolaus

By Austin Angelo

In a report issued on May 25, Joseph DeNardi from Stifel Nicolaus reiterated a Buy rating on Alaska Air (NYSE: ALK), with a price target of $145. The company’s shares closed yesterday at $86.62.

According to TipRanks.com, DeNardi is a 3-star analyst with an average return of 9.2% and a 68.4% success rate. DeNardi covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.

Alaska Air has an analyst consensus of Strong Buy, with a price target consensus of $114.40.

The company has a one year high of $101.43 and a one year low of $54.51. Currently, Alaska Air has an average volume of 1.43M.

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Alaska Air Group, Inc. operates as 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. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.