Alaska Air Group (NYSE:ALK) Stock Rating Upgraded by Wall Street Zen

Alaska Air Group (NYSE:ALK) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Several other analysts have also recently weighed in on the company. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Bank of America boosted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. TD Cowen restated a “buy” rating and issued a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. BMO Capital Markets raised their target price on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Trading Down 5.8%

Alaska Air Group stock opened at $45.80 on Tuesday. The stock has a market cap of $5.10 billion, a P/E ratio of -29.17 and a beta of 1.28. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The firm’s fifty day moving average price is $47.10 and its 200-day moving average price is $45.75. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

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. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities research analysts forecast that Alaska Air Group will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in shares of Alaska Air Group during the 2nd quarter valued at about $1,407,000. 180 Wealth Advisors LLC bought a new position in Alaska Air Group during the second quarter valued at approximately $271,000. GAMMA Investing LLC grew its position in Alaska Air Group by 15.2% during the second quarter. GAMMA Investing LLC now owns 4,978 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 656 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Alaska Air Group by 963.3% during the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after acquiring an additional 761 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after acquiring an additional 385 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.