What is the Forecast Price for Alaska Air Group, Inc. (ALK) Stock?

Thursday, September 24, 2020 11:39 AM | InvestorsObserver Analysts

InvestorsObserver is giving Alaska Air Group, Inc. (ALK) an Analyst Rating Rank of 60, meaning ALK is ranked higher by analysts than 60% of stocks. The average projection by analysts for ALK is $48.8 over the next 12 months and analyst’s classify the stock as a Strong Buy

Overall Score - 4.4
Wall Street analysts are rating ALK a Strong Buy today. Find out what this means to you and get the rest of the rankings on ALK!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Alaska Air Group, Inc. Stock Today?

Alaska Air Group, Inc. (ALK) stock has fallen -4.58% while the S&P 500 is up 0.16% as of 11:30 AM on Thursday, Sep 24. ALK is lower by -$1.69 from the previous closing price of $36.86 on volume of 1,411,379 shares. Over the past year the S&P 500 has gained 8.61% while ALK is lower by -45.93%. ALK earned $0.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 83.73.

Click Here to get the full report on Alaska Air Group, Inc. (ALK) Stock.

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