Brokerages Set Alaska Air Group, Inc. (NYSE:ALK) Target Price at $61.88

Alaska Air Group, Inc. (NYSE:ALK) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $61.8846.

Several research analysts have recently weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $52.00 target price (down from $60.00) on shares of Alaska Air Group in a report on Monday, August 24th. UBS Group reiterated a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Thursday, August 13th. Finally, Bank of America raised their target price on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st.

Alaska Air Group Price Performance

Alaska Air Group stock opened at $42.05 on Tuesday. The company has a fifty day simple moving average of $46.44 and a 200-day simple moving average of $44.39. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -26.78 and a beta of 1.28. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. Alaska Air Group has a 52-week low of $33.03 and a 52-week high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the firm posted $1.42 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, equities analysts anticipate that Alaska Air Group will post -1.74 EPS for the current fiscal year.

Insider Transactions at Alaska Air Group

In other news, CEO Benito Minicucci bought 25,000 shares of Alaska Air Group stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the purchase, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 5,300 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the transaction, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. purchased a new position in shares of Alaska Air Group during the 4th quarter worth $26,000. First Command Advisory Services Inc. raised its holdings 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 buying an additional 485 shares during the period. Compound Global Advisors LLC acquired a new position in Alaska Air Group in the second quarter valued at about $39,000. Cedar Mountain Advisors LLC lifted its position in Alaska Air Group by 963.3% in the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after buying an additional 761 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock worth $46,000 after buying an additional 212 shares during the period. 81.90% of the stock is currently 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.