Susquehanna Has Lowered Expectations for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its target price cut by analysts at Susquehanna from $55.00 to $50.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 26.07% from the stock’s current price.

ALK has been the subject of a number of other research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $69.00 price objective (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. BMO Capital Markets set a $50.00 price target on Alaska Air Group and gave the stock an “outperform” rating in a report on Monday, September 28th. Barclays set a $52.00 price objective on shares of Alaska Air Group and gave the company an “overweight” rating in a report on Friday, September 11th. Raymond James Financial reiterated an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. Finally, UBS Group restated a “buy” rating and set a $54.00 price target (up from $52.00) on shares of Alaska Air Group in a research note on Tuesday, September 22nd. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.62.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $39.66 on Wednesday. Alaska Air Group has a one year low of $33.03 and a one year high of $60.63. The company has a market capitalization of $4.42 billion, a PE ratio of -25.26 and a beta of 1.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The company has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $43.29.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm earned $1.42 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts expect that Alaska Air Group will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the transaction, the executive vice president directly owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Benito Minicucci purchased 25,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This represents a 10.80% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alaska Air Group

A number of large investors have recently bought and sold shares of ALK. Engineers Gate Manager LP grew its position in shares of Alaska Air Group by 1,445.3% in the second quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock valued at $4,551,000 after purchasing an additional 81,545 shares during the period. Assenagon Asset Management S.A. purchased a new position in Alaska Air Group in the 2nd quarter valued at about $1,407,000. Public Employees Retirement System of Ohio acquired a new stake in Alaska Air Group in the 2nd quarter worth about $2,230,000. Amundi purchased a new stake in Alaska Air Group during the 1st quarter worth approximately $2,205,000. Finally, Legal & General Group Plc acquired a new position in shares of Alaska Air Group during the second quarter valued at approximately $4,799,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Key Headlines Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Investors purchased 6,430 call options on Alaska Air Group, about 47% above the typical volume. This indicates increased speculative interest in a potential rebound, although options activity is not necessarily a fundamental signal.
• Positive Sentiment: Susquehanna lowered its price target from $55 to $50 but retained a “positive” rating, implying substantial upside from recent trading levels. Alaska Air Group Stock Price Target Lowered at Susquehanna
• Neutral Sentiment: A Zacks article identified Alaska Air Group as a transportation stock that could potentially beat quarterly earnings estimates based on its Earnings ESP model, but it did not provide a new earnings forecast or operating update. These 2 Transportation Stocks Could Beat Earnings
• Negative Sentiment: Zacks Research reduced estimates across multiple periods, including Q3 and Q4 2026, FY2026, FY2027 and FY2028. FY2026 earnings are now projected at a $2.21 loss per share, while FY2027 and FY2028 estimates fell to $5.65 and $9.39, respectively. The revisions suggest analysts expect weaker near-term profitability and a slower recovery than previously forecast.
• Negative Sentiment: Citi maintained its “sell” rating on ALK, reinforcing the bearish analyst view. Citi Sticks to Their Sell Rating for Alaska Air

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.