Alaska Air Group (NYSE:ALK) Price Target Raised to $70.00

Alaska Air Group (NYSE:ALK) had its price target raised by Bank of America from $62.00 to $70.00 in a research report report published on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Other analysts have also issued reports about the stock. Cowen reissued a “buy” rating on shares of Alaska Air Group in a research report on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Alaska Air Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group set a $77.00 price objective on Alaska Air Group and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, TD Cowen boosted their target price on Alaska Air Group from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $70.45.

Alaska Air Group Stock Down 2.3%

ALK stock opened at $48.64 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.52 and a quick ratio of 0.49. The firm has a market capitalization of $5.64 billion, a P/E ratio of 39.22, a P/E/G ratio of 0.50 and a beta of 1.22. Alaska Air Group has a 52-week low of $37.63 and a 52-week high of $78.08. The company’s 50 day simple moving average is $46.35 and its 200-day simple moving average is $50.84.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.06). The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Alaska Air Group had a return on equity of 8.93% and a net margin of 1.06%.The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. As a group, equities research analysts anticipate that Alaska Air Group will post 6.03 EPS for the current year.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALK. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Alaska Air Group in the third quarter worth $28,000. MAI Capital Management grew its stake in Alaska Air Group by 80.5% in the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock valued at $31,000 after buying an additional 280 shares during the last quarter. AlphaQuest LLC bought a new position in Alaska Air Group in the 3rd quarter worth $34,000. Smartleaf Asset Management LLC lifted its position in Alaska Air Group by 43.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after acquiring an additional 253 shares during the last quarter. Finally, Country Trust Bank acquired a new stake in shares of Alaska Air Group in the third quarter valued at about $45,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Key Stories Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Alaska Airlines announced its largest-ever fleet order — 105 Boeing 737‑10s plus five 787 widebodies (with rights to 35 more 737‑10s) to extend deliveries through 2035; this supports capacity growth, international expansion with 787s and revenue upside over the next decade. Alaska Airlines announces largest fleet order in airline’s history
• Positive Sentiment: Citi raised its price target on ALK to $69 from $61, signaling analyst confidence that the fleet expansion and network strategy could drive materially higher equity value over time. Alaska Air price target raised to $69 from $61 at Citi
• Positive Sentiment: Bank of America published a bullish forecast for ALK, reinforcing buy-side optimism that the company’s long-term growth and margin recovery could produce strong share appreciation. Bank of America Forecasts Strong Price Appreciation for Alaska Air Group
• Neutral Sentiment: Valuation coverage (P/E overview) highlights that ALK’s P/E multiple and growth projections will be watched closely as the fleet capex is absorbed — useful context but not a trigger by itself. Price Over Earnings Overview: Alaska Air Gr
• Neutral Sentiment: Boeing shares reacted positively to the order, reflecting supplier benefits; this is an indirect but logical market response that doesn’t guarantee ALK outperformance. Boeing stock rises after alaska airlines places largest fleet order
• Negative Sentiment: Media coverage recalled the carrier’s prior 737 Max incidents, reminding investors that safety perception and regulatory scrutiny can affect demand, costs and reputation — reputational risk may pressure the stock near-term. Alaska Airlines places biggest-ever Boeing order, showing confidence after Max safety crisis
• Negative Sentiment: The sheer scale of the order creates sizable long-term capital commitments and execution risk (fleet integration, delivery cadence, financing and near-term margin pressure); investors will watch debt, cash flow and unit costs closely. Alaska Airlines orders 110 Boeing planes in expansion plan

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.