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Alaska Air Group, Inc. (ALK)

NYSE - NYSE Delayed Price. Currency in USD
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41.57+0.98 (+2.41%)
At close: 4:00PM EDT
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Previous Close40.59
Open40.63
Bid41.33 x 800
Ask41.65 x 800
Day's Range39.83 - 41.73
52 Week Range20.02 - 72.22
Volume1,947,494
Avg. Volume2,336,516
Market Cap5.14B
Beta (5Y Monthly)1.57
PE Ratio (TTM)N/A
EPS (TTM)-5.65
Earnings DateOct 22, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 14, 2020
1y Target Est49.19
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-41% Est. Return
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  • Alaska Air Gains On Lower 3Q Cash Burn
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    Alaska Air Gains On Lower 3Q Cash Burn

    Shares of Alaska Air Group increased 2.3% on Thursday after the airlines company managed to lower its daily cash burn to approximately $4 million in 3Q from approximately $5 million in 2Q.Meanwhile, Alaska Air (ALK) reported 3Q loss of $3.23 per share, wider than both the analysts’ loss estimate of $3.01 per share and the year-ago loss of $2.63 per share. Meanwhile, its 3Q revenues of $701 million beat the consensus estimate of $678.2 million. However, revenues slumped 71% from the year-ago quarter. The company also maintained its adjusted net debt at $1.7 billion, flat from Dec. 31, 2019 levels.Alaska Air also announced a partnership with U.S. software giant Microsoft to reduce carbon emissions and make business travel greener in key routes by using sustainable aviation fuel in flights. Alaska said “Under the first U.S. partnership of its kind, Microsoft will purchase biofuel credits from supplier SkyNRG for flights between Seattle-Tacoma International Airport and three popular California destinations.” (See ALK stock analysis on TipRanks).Following the 3Q results, Raymond James analyst Savanthi Syth maintained her Buy rating on the stock. She said “While the environment remains challenging, Alaska appears to be executing well on controllable factors in-line to better than peers.”Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 6 Buys and 4 Holds. The average price target of $50.00 implies upside potential of about 23.2% to current levels. Shares declined about 40.1% year-to-date.Related News: Alaska Air Sees 40% Q4 Capacity Cut; Analyst Upgrades On Ample Liquidity American Airlines Posts $2.4B Quarterly Loss; Street Sees 22% Downside United Airlines Posts Heavy Q3 Loss As Covid Crushes Demand More recent articles from Smarter Analyst: * BJ’s Restaurants Shares Drop Despite 3Q Revenue Beat * Gilead’s Covid-19 Remdesivir Drug Scores FDA Approval; Shares Surge * Intel Sinks 9% As 3Q Data-Center Sales Disappoint * Union Pacific Slips 6% As Lower Freight Volumes Drag On Earnings