Brokerages Set Alaska Air Group, Inc. (NYSE:ALK) PT at $70.50

Alaska Air Group, Inc. (NYSE:ALK) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $70.50.

ALK has been the topic of a number of recent analyst reports. UBS Group set a $77.00 price target on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Cowen reduced their target price on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Raymond James Financial restated an “outperform” rating and issued a $71.00 price target on shares of Alaska Air Group in a report on Friday, December 19th. Barclays reaffirmed an “overweight” rating and set a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Finally, Susquehanna boosted their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, January 9th.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $37.96 on Tuesday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 43.63, a PEG ratio of 0.37 and a beta of 1.17. The business has a 50-day moving average of $50.83 and a 200-day moving average of $50.12. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Alaska Air Group has a 1 year low of $37.53 and a 1 year high of $65.88.

Alaska Air Group (NYSE:ALK) last released 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. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. Alaska Air Group’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. 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. On average, equities analysts anticipate that Alaska Air Group will post 6.03 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In related news, CFO Shane R. Tackett sold 24,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the sale, the chief financial officer directly owned 43,377 shares in the company, valued at $2,478,995.55. This trade represents a 35.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 14,500 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $54.81, for a total transaction of $794,745.00. Following the completion of the sale, the executive vice president directly owned 20,195 shares in the company, valued at $1,106,887.95. This represents a 41.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 56,945 shares of company stock valued at $3,204,569. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alaska Air Group

Large investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group in the fourth quarter valued at about $26,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alaska Air Group during the third quarter worth about $28,000. MAI Capital Management raised its position 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 acquired a new stake in Alaska Air Group in the 3rd quarter valued at approximately $34,000. Finally, First Command Advisory Services Inc. lifted its stake in 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 in the last quarter. Institutional investors own 81.90% of the company’s stock.

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.