Bank of America Cuts Alaska Air Group (NYSE:ALK) Price Target to $60.00

Alaska Air Group (NYSE:ALK) had its price objective decreased by Bank of America from $70.00 to $60.00 in a research note released on Wednesday morning,MarketScreener reports. Bank of America currently has a buy rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the company. Citigroup cut their price objective on Alaska Air Group from $69.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Raymond James Financial reiterated an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research report on Friday, December 19th. BMO Capital Markets initiated coverage on shares of Alaska Air Group in a report on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 price target on the stock. Wall Street Zen raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, TD Cowen decreased their price objective on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

Alaska Air Group Price Performance

Shares of ALK opened at $37.32 on Wednesday. The firm has a market capitalization of $4.23 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 0.51 and a beta of 1.27. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88. The company’s fifty day moving average price is $47.30 and its 200-day moving average price is $47.60.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $0.97 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. 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 research analysts predict 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 business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the completion of the sale, the chief financial officer directly owned 43,377 shares in the company, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the completion of the transaction, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This represents a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 56,945 shares of company stock valued at $3,204,569 over the last quarter. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alaska Air Group

A number of large investors have recently modified their holdings of the business. Allianz Asset Management GmbH grew its stake in Alaska Air Group by 40.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company’s stock valued at $8,642,000 after acquiring an additional 49,663 shares in the last quarter. Generate Investment Management Ltd purchased a new position in Alaska Air Group in the 4th quarter worth approximately $40,240,000. CM Management LLC purchased a new position in Alaska Air Group in the 3rd quarter worth approximately $1,244,000. Lighthouse Investment Partners LLC acquired a new position in shares of Alaska Air Group during the 3rd quarter worth approximately $4,194,000. Finally, JPMorgan Chase & Co. grew its position in shares of Alaska Air Group by 29.1% in the third quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company’s stock valued at $10,263,000 after purchasing an additional 46,445 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

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.