For its first fiscal quarter (ending March 31), ALASKA AIR GROUP INC (NYSE: ALK) has reported E.P.S. of $-1.05 compared to $-1.11 a year ago. For the latest four quarters through March 31, E.P.S. were $1.90 versus $0.48 for the same period a year ago.
Recent Price Action
ALASKA AIR GROUP INC (NYSE: ALK) stock enjoyed a large increase of 4.0% on 4/18/24. The stock closed at $44.44. Moreover, exceptionally high trading volume at 240% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 5.9% during the last week.
Current PriceTarget Research Rating
ALK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
ALASKA AIR GROUP INC has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ALASKA AIR GROUP INC has a good Appreciation Score of 75 but a poor Power Rating of 22, triggering the Low 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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