TD Cowen Issues Pessimistic Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price target reduced by TD Cowen from $64.00 to $63.00 in a research note issued to investors on Friday. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective points to a potential upside of 18.24% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Bank of America lifted their price objective on shares of Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Barclays reaffirmed an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and set a $71.00 price target on shares of Alaska Air Group in a research report on Friday, December 19th. Cantor Fitzgerald set a $65.00 target price on Alaska Air Group in a report on Monday, November 3rd. Finally, Citigroup reaffirmed a “buy” rating and set a $69.00 price objective (up previously from $61.00) on shares of Alaska Air Group in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.60.

Alaska Air Group Stock Performance

Shares of NYSE ALK opened at $53.28 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. Alaska Air Group has a 1 year low of $37.63 and a 1 year high of $78.08. The firm has a fifty day moving average price of $48.99 and a 200-day moving average price of $50.80. The stock has a market cap of $6.18 billion, a PE ratio of 61.24, a price-to-earnings-growth ratio of 0.46 and a beta of 1.22.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Equities analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ALK. Brighton Jones LLC boosted its holdings in Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after buying an additional 92,416 shares in the last quarter. Empowered Funds LLC raised its position in shares of Alaska Air Group by 60.2% in the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Alaska Air Group by 81.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after buying an additional 152,953 shares during the period. Intech Investment Management LLC acquired a new stake in Alaska Air Group in the 1st quarter valued at $1,318,000. Finally, Signaturefd LLC grew its position in Alaska Air Group by 7.8% in the second quarter. Signaturefd LLC now owns 3,113 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 225 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Alaska Air Group Company Profile

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.