Bank of America Issues Positive Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price target upped by investment analysts at Bank of America from $60.00 to $65.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective would suggest a potential upside of 22.73% from the company’s previous close.

Several other brokerages have also recently weighed in on ALK. Morgan Stanley reduced their target price on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Susquehanna dropped their price objective on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Evercore set a $60.00 price objective on shares of Alaska Air Group in a report on Friday, April 17th. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Citigroup reiterated a “sell” rating and set a $47.00 target price (up from $32.00) on shares of Alaska Air Group in a research note on Friday. Eleven 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. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Alaska Air Group Trading Up 1.5%

ALK traded up $0.76 during mid-day trading on Wednesday, hitting $52.96. 404,231 shares of the stock were exchanged, compared to its average volume of 4,005,686. The firm’s fifty day moving average is $43.65 and its two-hundred day moving average is $46.26. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The company has a market cap of $5.90 billion, a PE ratio of 99.79 and a beta of 1.29.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.61) by ($0.07). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities analysts forecast that Alaska Air Group will post -0.7 earnings per share for the current fiscal year.

Institutional Trading of Alaska Air Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. purchased a new position in shares of Alaska Air Group in the 4th quarter valued at $26,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Alaska Air Group in the third quarter valued at $28,000. First Command Advisory Services Inc. boosted its stake in Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 485 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings 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 purchasing an additional 385 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

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.