Evercore ISI analyst Duane Pfennigwerth maintained a Buy rating on Alaska Air (NYSE:ALK) on Monday, setting a price target of $80, which is approximately 58.04% above the present share price of $50.62.
Pfennigwerth expects Alaska Air to post earnings per share (EPS) of $1.55 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Alaska Air, with an average price target of $80.56.
The analysts price targets range from a high of $97 to a low of $70.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.95 billion and a net profit of $249 million. The company's market cap is $6.34 billion.
According to TipRanks.com, Evercore ISI analyst Duane Pfennigwerth is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -1.0% and a 36.54% 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.