Alaska Air Group (NYSE:ALK) Price Target Cut to $51.00 by Analysts at Citigroup

Alaska Air Group (NYSE:ALK) had its target price decreased by Citigroup from $69.00 to $51.00 in a research note issued to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

ALK has been the topic of several other research reports. TD Cowen decreased their price target on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Bank of America raised their price objective on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Cantor Fitzgerald set a $63.00 target price on Alaska Air Group in a research note on Friday, January 30th. Finally, Weiss Ratings raised shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.00.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $36.85 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a market cap of $4.22 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 0.40 and a beta of 1.17. The company has a 50 day moving average of $49.61 and a 200-day moving average of $49.35. Alaska Air Group has a 1-year low of $36.68 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. 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. As a group, equities research analysts forecast that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 14,500 shares of Alaska Air Group stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $54.81, for a total transaction of $794,745.00. Following the sale, the executive vice president directly owned 20,195 shares of the company’s stock, valued at approximately $1,106,887.95. This trade represents a 41.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shane R. Tackett sold 24,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the sale, the chief financial officer owned 43,377 shares in the company, valued at approximately $2,478,995.55. This trade represents a 35.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alaska Air Group

Several hedge funds have recently added to or reduced their stakes in ALK. Brighton Jones LLC increased its position in Alaska Air Group by 2,046.4% in the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after acquiring an additional 92,416 shares during the period. Empowered Funds LLC lifted its holdings in shares of Alaska Air Group by 60.2% during the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after purchasing an additional 2,414 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Alaska Air Group by 81.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after purchasing an additional 152,953 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Alaska Air Group in the first quarter worth $1,318,000. Finally, Geode Capital Management LLC increased its holdings in Alaska Air Group by 3.6% in the second quarter. Geode Capital Management LLC now owns 2,215,697 shares of the transportation company’s stock valued at $109,657,000 after purchasing an additional 77,531 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.