JPMorgan Chase & Co. Has Lowered Expectations for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price target reduced by research analysts at JPMorgan Chase & Co. from $92.00 to $74.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 113.62% from the stock’s current price.

Other analysts have also issued reports about the company. Bank of America raised their target price on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. UBS Group reissued a “buy” rating and set a $51.00 price objective (down from $54.00) on shares of Alaska Air Group in a report on Friday, October 16th. Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a research report on Friday, September 25th. Citigroup restated a “sell” rating on shares of Alaska Air Group in a research report on Thursday. Finally, Barclays set a $52.00 target price on shares of Alaska Air Group and gave the stock an “overweight” rating in a research note on Friday, September 11th. Ten equities research 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. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target of $54.15.

Alaska Air Group Price Performance

ALK stock traded up $1.10 during midday trading on Thursday, reaching $34.64. 916,363 shares of the company’s stock traded hands, compared to its average volume of 3,642,623. The company has a 50-day simple moving average of $40.23 and a two-hundred day simple moving average of $43.20. Alaska Air Group has a 1-year low of $32.33 and a 1-year high of $60.63. The company has a market cap of $3.86 billion, a price-to-earnings ratio of -9.77 and a beta of 1.33. 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 (NYSE:ALK) last issued its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. Alaska Air Group had a negative net margin of 2.58% and a negative return on equity of 5.31%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. On average, analysts anticipate that Alaska Air Group will post -3.26 earnings per share for the current year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the transaction, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction dated 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 purchase, the chief executive officer directly owned 256,582 shares of the company’s stock, valued at $10,278,674.92. This trade represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Alaska Air Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Alaska Air Group during the 2nd quarter valued at about $606,307,000. Primecap Management Co. CA bought a new position in shares of Alaska Air Group in the 2nd quarter valued at about $168,467,000. Bank of New York Mellon Corp bought a new position in shares of Alaska Air Group in the 2nd quarter valued at about $34,776,000. Bank of America Corp DE bought a new position in shares of Alaska Air Group in the 2nd quarter valued at about $32,751,000. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Alaska Air Group during the 2nd quarter worth approximately $27,195,000. 81.90% of the stock is currently owned by institutional investors and hedge funds.

Alaska Air Group News Roundup

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

• Positive Sentiment: Alaska Air reported 14.4% year-over-year revenue growth to $4.31 billion in the third quarter. Adjusted EPS of $0.36 exceeded the Zacks consensus estimate of $0.35, supported by strong yields and continued demand. Alaska Air Group Q3 Earnings Top Estimates
• Positive Sentiment: Management highlighted long-term growth initiatives, including premium traffic growth of 24.5%, diversified revenue reaching 54% of the total mix, new Seattle international routes and plans to join international joint businesses with oneworld and global partners. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Susquehanna maintained a positive rating and set a $43 price target, implying substantial upside from the current price, although the target was reduced from $50.
• Neutral Sentiment: Analysts’ average price target remains considerably higher at approximately $57.38, but the dispersion among targets indicates uncertainty about the pace of earnings recovery. Alaska Air Group Analyst Price Target
• Negative Sentiment: Alaska Air posted a $147 million third-quarter loss, or a GAAP loss of $1.32 per share. Adjusted EPS of $0.36 declined sharply from $1.05 a year earlier and missed the broader consensus estimate of $0.39. Alaska Air Group Reports Third Quarter 2026 Results
• Negative Sentiment: The company forecast a fourth-quarter adjusted loss of $2.50 to $2.00 per share, substantially worse than the $1.14 consensus estimate. Surging fuel costs are more than offsetting revenue growth and are the primary reason for the weaker outlook. Alaska Air Forecasts Bigger-Than-Expected Fourth-Quarter Loss

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.