Barclays Sticks to Their Buy Rating for Alaska Air (ALK)
In a report released today, Brandon Oglenski from Barclays maintained a Buy rating on Alaska Air, with a price target of $70.00.
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According to TipRanks, Oglenski is a 4-star analyst with an average return of 4.7% and a 47.98% success rate. Oglenski covers the Industrials sector, focusing on stocks such as JetBlue Airways, Frontier Group Holdings, and Alaska Air.
In addition to Barclays, Alaska Air also received a Buy from Evercore ISI’s Duane Pfennigwerth in a report issued on March 12. However, today, TipRanks – OpenAI reiterated a Hold rating on Alaska Air (NYSE: ALK).
Based on Alaska Air’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.63 billion and a net profit of $21 million. In comparison, last year the company earned a revenue of $3.53 billion and had a net profit of $71 million
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALK in relation to earlier this year. Last month, Andrew R. Harrison, the EVP AND CCO of ALK sold 5,500.00 shares for a total of $311,465.00.
Read More on ALK:
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