Alaska Air Group (NYSE:ALK) Upgraded to Sell at Wall Street Zen

Alaska Air Group (NYSE:ALK) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Sunday.

A number of other equities research analysts have also commented on the company. Susquehanna increased their price target on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research report on Tuesday, July 7th. Bank of America lifted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Morgan Stanley reduced their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Weiss Ratings upgraded Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. Finally, BMO Capital Markets raised their target price on Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.12.

Alaska Air Group Price Performance

Shares of ALK traded down $0.67 during trading hours on Friday, hitting $49.47. The stock had a trading volume of 1,952,455 shares, compared to its average volume of 3,025,237. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 93.33 and a beta of 1.28. The company’s fifty day moving average is $45.11 and its two-hundred day moving average is $46.19. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. On average, analysts anticipate that Alaska Air Group will post -0.25 EPS for the current year.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors have recently made changes to their positions in ALK. Atlas Capital Advisors Inc. acquired a new position in Alaska Air Group in the fourth quarter valued at about $26,000. First Command Advisory Services Inc. increased its stake in shares of Alaska Air Group by 242.5% in the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 485 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 761 shares during the last quarter. SBI Securities Co. Ltd. raised its position in shares of Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Alaska Air Group by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 385 shares during the period. 81.90% of the stock is owned by institutional investors and hedge funds.

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.