Raymond James analyst Savanthi Syth reiterated a Buy rating on Alaska Air (NYSE:ALK) on Monday, setting a price target of $85, which is approximately 17.03% above the present share price of $72.63.
Syth expects Alaska Air to post earnings per share (EPS) of -$3.47 for the second quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Alaska Air, with an average price target of $77.4.
The analysts price targets range from a high of $90 to a low of $54.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $808 million and a net profit of -$419 million. The company's market cap is $9.03 billion.
According to TipRanks.com, Raymond James analyst Savanthi Syth is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.9% and a 59.82% 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.