Alaska Air Group, Inc. (NYSE:ALK) Receives $61.88 Consensus Price Target from Analysts

Alaska Air Group, Inc. (NYSE:ALK) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $61.8846.

Several research firms recently weighed in on ALK. Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 13th. TD Cowen reiterated a “buy” rating and set a $46.00 price objective (down from $59.00) on shares of Alaska Air Group in a research note on Monday, August 24th. Raymond James Financial reissued an “outperform” rating and set a $52.00 target price (down from $60.00) on shares of Alaska Air Group in a report on Monday, August 24th. UBS Group restated a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Finally, Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th.

Alaska Air Group Trading Down 0.5%

Shares of ALK stock opened at $41.39 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -26.36 and a beta of 1.28. The stock has a 50 day simple moving average of $46.68 and a 200-day simple moving average of $44.40. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($0.99) by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities research analysts expect that Alaska Air Group will post -1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew Harrison sold 5,300 shares of Alaska Air Group stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Benito Minicucci bought 25,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

A number of large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new stake in shares of Alaska Air Group in the 2nd quarter valued at approximately $1,407,000. Vanguard Group Inc. grew its holdings in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the period. Amundi purchased a new position in Alaska Air Group in the first quarter worth $2,205,000. Brighton Jones LLC raised its position in Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after acquiring an additional 92,416 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Alaska Air Group by 19,661.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after acquiring an additional 1,229,647 shares during the period. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

About Alaska Air Group

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.