Alaska Air stock: buy or sell?
September 20th, 2019
Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services. It also focuses on providing ground and ramp handling services to airlines.
Should I buy Alaska Air stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Alaska Air stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Alaska Air stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 15 ratings published for ALK stock in the last 30 days. The general sentiment of these ratings is bullish for ALK stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-4||Bank of America||Neutral||Neutral|
|2019-4-30||JPMorgan Chase & Co.||Neutral||Overweight|
|2019-4-12||Credit Suisse Group||n/a||Buy|
|2019-4-12||Credit Suisse Group||n/a||Outperform|
Alaska Air stock analysis
Alaska Air inched a tiny 0.65% and closed at $65.00.
Alaska Air shares inched 0.65% to $65.00 today. Since last Sep 4th when ALK stock price broke up the SMA200d line, it gained $4.57 (7.56%). Since SMA100d and SMA200d crossed up on September 3rd, ALK price climbed $5.28 per share (8.84%). ALK is retaking the upward trend marking a new rising bottom heading to break out over $66.52.
Shares of Alaska Air ended this week at $65.00 and slightly fell a lame -1.32%. By mid August ALK plummed a dreadful -5.92% in just one week. Early September ALK rocketed an impressive 5.34% in just one week.
Early September ALK price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since mid August when SMA20w and SMA40w crossed up, ALK price gained $4.99 per share (8.32%).
Alaska Air stock price history
Alaska Air IPO was on March 17th, 1980 at $0.56 per share1. Since then, ALK stock grew a 11,507.10%, with a yearly average of 295.10%. If you had invested right after ALK's IPO a $1,000 in Alaska Air stock in 1980, it would worth $115,071.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Alaska Air stock historical price chart
ALK stock reached 52-week highs on November at $73.59, and all-time highs 2017-03-01 with a price of 96.62.
Alaska Air stock price target is $72.20How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' ALK stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 13 price targets for Alaska Air stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-6||Imperial Capital||Raises Target||$68.00||$70.00||2.9%|
|2019-6-19||Imperial Capital||Raises Target||$61.00||$68.00||11.5%|
|2019-5-20||Morgan Stanley||Raises Target||$76.00||$81.00||6.6%|
|2019-4-4||Bank of America||Reiterates||$70.00||$62.00||-11.4%|
|2019-4-30||JPMorgan Chase & Co.||Upgrades||$71.00||$72.00||1.4%|
|2019-4-26||Deutsche Bank||Lowers Target||$73.00||$68.00||-6.8%|
|2019-4-12||Credit Suisse Group||Set Price Target||$74.00||$76.00||2.7%|
|2019-4-12||Credit Suisse Group||Raises Target||$74.00||$76.00||2.7%|
|2019-3-8||Buckingham Research||Lowers Target||$88.00||$80.00||-9.1%|
|2019-1-9||Imperial Capital||Lowers Target||$102.00||$90.00||-11.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report on April, Alaska Air . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a decent increase of 4.69% to $8,264.00 million dollars. In contrast, its income margin (compared to revenues) dropped to 5.29%, that is $437.00 million. To have an up to date picture of the financial situation of Alaska Air, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Alaska Air TTM sales up to March 2019 were $8,308.00 and earnings were $437.00 million USD. When comparing this TTM figures with the last reported annuality, we can review Alaska Air business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, stayed constant a neutral 0.53%. Similarly, profit margin (net income/sales) stayed steady at 5.29%.
|2013||$4,960 M||-||$508 M10.2%||-|
|2014||$5,368 M||8.23%||$605 M11.3%||19.09%|
|2015||$5,598 M||4.28%||$848 M15.1%||40.17%|
|2016||$5,931 M||5.95%||$814 M13.7%||-4.01%|
|2017||$7,894 M||33.10%||$960 M12.2%||17.94%|
|2018||$8,264 M||4.69%||$437 M5.3%||-54.48%|
|TTM||$8,308 M||0.53%||$437 M5.3%||0.00%|
Quarterly financial resultsAlaska Air posted $1,876.00 million in sales for 2019-Q1, a -9.11% less compared to previous quarter. Reported quarter income marked $4.00 million with a profit margin of 0.21%. Profit margin stayed constant a -0.90% compared to previous quarter when profit margin was 1.11%. When comparing turnover to same quarter last year, Alaska Air sales marked a slightly fine gain and gained a 2.40%. Looking back to recent quarterly results, Alaska Air posted 2 positive quarters in a row.
|2017-Q2||$2,100 M||-||$296 M14.1%||-|
|2017-Q3||$2,120 M||0.95%||$266 M12.5%||-10.14%|
|2017-Q4||$1,981 M||-6.56%||$389 M19.6%||46.24%|
|2018-Q1||$1,832 M||-7.52%||$4 M0.2%||-98.97%|
|2018-Q2||$2,156 M||17.69%||$193 M9.0%||4,725.00%|
|2018-Q3||$2,212 M||2.60%||$217 M9.8%||12.44%|
|2018-Q4||$2,064 M||-6.69%||$23 M1.1%||-89.40%|
|2019-Q1||$1,876 M||-9.11%||$4 M0.2%||-82.61%|
Alaska Air ownershipWhen you are planning to invest in shares of a stock, it's always worth to overview its ownership structure.
Alaska Air shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.41% of all shares.
Bearish positions for ALK stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Alaska Air:
|Market cap||$8.0 B||$12.6 B||$2.5 B||$38.1 B||$1.3 B|
|Total shares||123.3 M||445.3 M||16.3 M||650.2 M||47.3 M|
|Float shares||122.8 M||396.1 M||11.4 M||574.5 M||46.1 M|
|- Institutional holdings (%)||89.7%||7.8%||81.5%||0.0%||91.7%|
|- Insider holdings (%)||0.4%||39.8%||20.8%||49.6%||2.5%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
Alaska Air summary
|Friday, September 20th, 2019|
|Day range||$64.61 - $65.46|
|Average true range||$1.39|
|50d mov avg||$62.51|
|100d mov avg||$61.92|
|200d mov avg||$61.03|
Alaska Air performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Alaska Air performance to American Airlines, Allegiant Travel, Delta Air Lines, Hawaiian, JetBlue Airways, Southwest Airlines, SkyWest and United Continental:
|DALDelta Air Lines||5.41%||19.31%||0.93%|
Alaska Air competitorsOne check before investing in any stock is to have a look a list of its competitors, in this case for Alaska Air. We chose 8 companies as Alaska Air competitors as they are in the same industry or have similar market objectives.
- American Airlines (AAL)
- Allegiant Travel (ALGT)
- Delta Air Lines (DAL)
- Hawaiian (HA)
- JetBlue Airways (JBLU)
- Southwest Airlines (LUV)
- SkyWest (SKYW)
- United Continental (UAL)
Latest Alaska Air stock news
- Seeking AlphaAlaska Air Focusing On Execution, But The Shares Are LaggingJune 19, 2019
- InvestorPlace3 Big Stock Charts for Friday: Alaska Air Group, Comcast and Moody’sMay 24, 2019
- InvestorPlace3 Big Stock Charts for Wednesday: Henry Schein, Alaska Air Group and PulteGroupMarch 6, 2019
- Seeking AlphaAlaska Air: Catalysts On TrackDecember 5, 2018
- Seeking AlphaAlaska Air: Ready For Takeoff?November 3, 2018