UBS Group Cuts Alaska Air Group (NYSE:ALK) Price Target to $60.00

Alaska Air Group (NYSE:ALK) had its target price trimmed by UBS Group from $77.00 to $60.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities research analysts have also weighed in on ALK. Raymond James Financial restated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a report on Friday, December 19th. Weiss Ratings upgraded Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Citigroup reissued a “buy” rating and issued a $69.00 price target (up from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Wall Street Zen upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Cantor Fitzgerald set a $63.00 price objective on shares of Alaska Air Group in a report on Friday, January 30th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.80.

Alaska Air Group Trading Down 2.9%

Alaska Air Group stock opened at $37.82 on Monday. Alaska Air Group has a one year low of $37.40 and a one year high of $65.88. The company’s fifty day moving average price is $50.08 and its two-hundred day moving average price is $49.61. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 0.41 and a beta of 1.17.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. 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, analysts forecast that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $60.02, for a total value of $176,758.90. Following the sale, the executive vice president owned 20,977 shares of the company’s stock, valued at $1,259,039.54. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew R. Harrison sold 5,500 shares of Alaska Air Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total value of $311,465.00. Following the completion of the transaction, the executive vice president directly owned 30,828 shares in the company, valued at approximately $1,745,789.64. This represents a 15.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,945 shares of company stock valued at $3,204,569 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently bought and sold shares of ALK. Brighton Jones LLC grew its position in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock worth $6,276,000 after purchasing an additional 92,416 shares during the last quarter. Empowered Funds LLC raised its position in shares of Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock valued at $316,000 after buying an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after buying an additional 152,953 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Alaska Air Group in the first quarter valued at about $1,318,000. Finally, Savant Capital LLC lifted its stake in shares of Alaska Air Group by 15.8% in the second quarter. Savant Capital LLC now owns 9,248 shares of the transportation company’s stock valued at $458,000 after buying an additional 1,265 shares during the period. 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.