Barclays (LON:) analyst Brandon Oglenski maintained a Hold rating on Alaska Air (NYSE:) on Friday, setting a price target of $44, which is approximately 5.85% above the present share price of $41.57.
Oglenski expects Alaska Air to post earnings per share (EPS) of -$3.49 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in Alaska Air, with an average price target of $51.
The analysts price targets range from a high of $64 to a low of $43.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $701 million and a net profit of -$127 million. The company’s market cap is $5.14 billion.
According to TipRanks.com, Barclays analyst Brandon Oglenski is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.3% and a 59.34% success rate.
Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing (NYSE:) 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest (NASDAQ:) and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.
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