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Why Alaska Air Group (ALK) Could Be a Top Value Stock Pick
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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Alaska Air Group, Inc. (ALK - Free Report) .
Alaska Air Group in Focus
ALK may be an interesting play thanks to its forward PE of 10.8, its P/S ratio of 0.9, and its decent dividend yield of 2.1%. These factors suggest that Alaska Air Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ALK has decent revenue metrics to back up its earnings.
But before you think that Alaska Air Group is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5% in the past 30 days, thanks to seven upward revisions in the past one month compared to none lower.
So really, Alaska Air Group is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
Image: Bigstock
Why Alaska Air Group (ALK) Could Be a Top Value Stock Pick
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Alaska Air Group, Inc. (ALK - Free Report) .
Alaska Air Group in Focus
ALK may be an interesting play thanks to its forward PE of 10.8, its P/S ratio of 0.9, and its decent dividend yield of 2.1%. These factors suggest that Alaska Air Group is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that ALK has decent revenue metrics to back up its earnings.
Alaska Air Group, Inc. PE Ratio (TTM)
Alaska Air Group, Inc. pe-ratio-ttm | Alaska Air Group, Inc. Quote
But before you think that Alaska Air Group is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 5% in the past 30 days, thanks to seven upward revisions in the past one month compared to none lower.
This estimate strength is actually enough to push ALK to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So really, Alaska Air Group is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.50% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>