Alaska Air Group (NYSE:ALK) Stock Price Target Lowered at Susquehanna

Alaska Air Group (NYSE:ALK) had its price target reduced by stock analysts at Susquehanna from $55.00 to $50.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 25.29% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Bank of America increased their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. BMO Capital Markets set a $50.00 price target on shares of Alaska Air Group and gave the company an “outperform” rating in a research note on Monday, September 28th. Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. UBS Group restated a “buy” rating and set a $54.00 price objective (up from $52.00) on shares of Alaska Air Group in a research report on Tuesday, September 22nd. Finally, Wall Street Zen cut Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.62.

Alaska Air Group Stock Performance

ALK opened at $39.91 on Wednesday. Alaska Air Group has a 12-month low of $33.03 and a 12-month high of $60.63. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of -25.42 and a beta of 1.33. The business has a 50 day moving average of $42.93 and a 200-day moving average of $43.25. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $1.42 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. 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 -2.05 earnings per share for the current year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Benito Minicucci purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the transaction, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Compound Global Advisors LLC acquired a new position in Alaska Air Group during the second quarter valued at approximately $39,000. Cedar Mountain Advisors LLC boosted its stake in Alaska Air Group by 963.3% in the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after buying an additional 761 shares in the last quarter. Parallel Advisors LLC raised its stake in Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after acquiring an additional 385 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Alaska Air Group in the 2nd quarter valued at approximately $128,000. Finally, Byrne Asset Management LLC acquired a new position in Alaska Air Group during the 3rd quarter worth approximately $109,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.