Deutsche Bank (DE:DBKGn) analyst Michael Linenberg reiterated a Buy rating on Alaska Air (NYSE:ALK) on Thursday, setting a price target of $75, which is approximately 30.30% above the present share price of $57.56.
Linenberg expects Alaska Air to post earnings per share (EPS) of $3.18 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Alaska Air, with an average price target of $80.75.
The analysts price targets range from a high of $89 to a low of $75.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.53 billion and a net profit of $522 million. The company's market cap is $7.21 billion.
According to TipRanks.com, Deutsche Bank analyst Michael Linenberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.9% and a 59.77% 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:BA) 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:SKYW) 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.