Morgan Stanley Keeps Their Buy Rating on Alaska Air

By Carrie Williams

Morgan Stanley analyst Rajeev Lalwani maintained a Buy rating on Alaska Air (NYSE: ALK) today and set a price target of $79. The company’s shares closed on Friday at $63.95, close to its 52-week low of $57.60.

Lalwani has an average return of 10.2% when recommending Alaska Air.

According to, Lalwani is ranked #1530 out of 4771 analysts.

Currently, the analyst consensus on Alaska Air is Hold and the average price target is $70.50, representing a 10.2% upside.

In a report issued on April 13, Cowen & Co. also reiterated a Buy rating on the stock.

Based on Alaska Air’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.96 billion and quarterly net profit of $367 million. In comparison, last year the company earned revenue of $1.75 billion and had a net profit of $99 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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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.