Recent notable negative changes in fundamentals have affected ALASKA AIR GROUP INC (NYSE: ALK): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
ALASKA AIR GROUP INC (NYSE: ALK). Important negative changes in investment behavior have recently occurred: its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ALK is expected to continue to be a major Value Builder.
ALASKA AIR GROUP INC has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ALASKA AIR GROUP INC has a good Appreciation Score of 83 but a neutral Power Rating of 42, producing the Positive Value Trend Rating.
Recent Price Action
ALASKA AIR GROUP INC (NYSE: ALK) stock closed at $34.53 on 8/22/24 after a modest decline of -1.3%. This decline was accompanied by normal trading volume. The stock has declined -0.7% during the last week and has performed in line with the market over the last nine months.
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