Alaska Air Group, Inc. have been fluctuating horizontally for several weeks. As the share price returns to the lower bound of the accumulation zone, it yoffers a good timing for investors to open new long positions. Investors have an opportunity to buy the stock and target the $ 97.9.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 82.96 support.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
Historically, the company has been releasing figures that are above expectations.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 74.56 USD
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