ALASKA AIR GROUP INC (NYSE: ALK) has reported earnings for its third fiscal quarter (ending September 30) of $1.87 versus $1.09 for the same period a year ago — an increase of 72%. For the latest four quarters through September 30, E.P.S. were $2.55 versus $2.03 for the same period a year ago — an increase of 26%.
Recent Price Action
ALASKA AIR GROUP INC (NYSE: ALK) stock increased 1.4% on 10/31/24. The shares closed at $47.91. Moreover, unusually high trading volume at 165% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 4.5% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ALASKA AIR GROUP INC has a neutral Power Rating of 52 but a good Appreciation Score of 71, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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