Alaska Air Group, Inc. (NYSE:ALK) had its target price lowered by investment analysts at Credit Suisse from $90.00 to $84.00 in a research report issued on Monday, StockTargetPrices.com reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 17.76% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price on shares of Alaska Air Group in a research report on Monday, October 12th. JPMorgan Chase & Co. increased their target price on Alaska Air Group from $72.50 to $79.00 and gave the company an “overweight” rating in a research report on Tuesday, October 13th. Evercore ISI cut Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Cowen and Company increased their target price on Alaska Air Group from $90.00 to $97.00 and gave the company an “outperform” rating in a research report on Friday, December 4th. Finally, Zacks Investment Research cut Alaska Air Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $88.62.

In other Alaska Air Group news, CEO Bradley D. Tilden sold 5,000 shares of Alaska Air Group stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $82.58, for a total transaction of $412,900.00. Following the completion of the transaction, the chief executive officer now owns 154,352 shares in the company, valued at approximately $12,746,388.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Benito Minicucci sold 2,000 shares of Alaska Air Group stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $84.00, for a total value of $168,000.00. Following the transaction, the chief operating officer now owns 44,704 shares of the company’s stock, valued at approximately $3,755,136. The disclosure for this sale can be found here.

Shares of Alaska Air Group (NYSE:ALK) opened at 71.33 on Monday. The company has a market cap of $8.93 billion and a price-to-earnings ratio of 10.87. Alaska Air Group has a 12-month low of $58.15 and a 12-month high of $87.17. The firm’s 50-day moving average price is $77.14 and its 200 day moving average price is $77.64.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Thursday, January 21st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. During the same period last year, the business posted $0.94 EPS. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.39 billion. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Alaska Air Group will post $7.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 8th. Shareholders of record on Tuesday, February 23rd will be paid a dividend of $0.275 per share. This is a boost from Alaska Air Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, February 19th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.54%.

Several institutional investors recently added to or reduced their stakes in the stock. Lau Associates raised its position in Alaska Air Group by 1.6% in the fourth quarter. Lau Associates now owns 24,650 shares of the company’s stock worth $1,985,000 after buying an additional 400 shares during the last quarter. Reynolds Capital Management boosted its stake in Alaska Air Group by 8.0% in the fourth quarter. Reynolds Capital Management now owns 5,400 shares of the company’s stock worth $435,000 after buying an additional 400 shares during the period. Legacy Private Trust Company boosted its stake in Alaska Air Group by 61.0% in the fourth quarter. Legacy Private Trust Company now owns 65,812 shares of the company’s stock worth $5,299,000 after buying an additional 24,942 shares during the period. Gerstein Fisher boosted its stake in Alaska Air Group by 0.3% in the third quarter. Gerstein Fisher now owns 15,622 shares of the company’s stock worth $1,241,000 after buying an additional 40 shares during the period. Finally, BB&T Securities boosted its stake in Alaska Air Group by 0.7% in the fourth quarter. BB&T Securities now owns 16,255 shares of the company’s stock worth $1,308,000 after buying an additional 112 shares during the period.

Alaska Air Group, Inc. is a holding company of Alaska Airlines Inc. (NYSE:ALK) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines, which together with its partner regional airlines serve approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada and Mexico. The Company operates in three segments: Alaska Mainline, Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaska’s business. Alaska Regional is Alaska’s shorter distance network. Horizon operates regional aircraft. In 2014, the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.

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