Alaska Air Group Reaches New 52-Week High (ALK)

NEW YORK (TheStreet) -- Alaska Air Group (NYSE:ALK) hit a new 52-week high Wednesday as it is currently trading at $77.18, above its previous 52-week high of $77.15 with 148,751 shares traded as of 11:50 a.m. ET. Average volume has been 441,700 shares over the past 30 days.

Alaska Air Group has a market cap of $2.64 billion and is part of the services sector and transportation industry. Shares are up 1.4% year to date as of the close of trading on Tuesday.

Alaska Air Group, Inc., through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., operates as an airline company serving destinations in the western United States, Canada, and Mexico. The company has a P/E ratio of 9.5, below the average transportation industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Alaska Air Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Alaska Air Group Ratings Report.

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