Alaska Air Group, Inc. (NYSE:ALK) Receives $65.65 Consensus Price Target from Analysts

Shares of Alaska Air Group, Inc. (NYSE:ALK) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $65.6538.

Several research firms recently weighed in on ALK. Barclays set a $65.00 target price on shares of Alaska Air Group and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Bank of America raised their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Evercore set a $60.00 price objective on Alaska Air Group in a report on Friday, April 17th. Finally, Wall Street Zen cut Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 5th.

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 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 sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlas Capital Advisors Inc. acquired a new stake in Alaska Air Group during the 4th quarter valued at $26,000. 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 worth $34,000 after purchasing an additional 485 shares in the last quarter. Compound Global Advisors LLC acquired a new position in Alaska Air Group in the second quarter worth $39,000. Cedar Mountain Advisors LLC grew its holdings 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 purchasing an additional 761 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of 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 buying an additional 212 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Up 0.0%

Alaska Air Group stock opened at $49.98 on Friday. 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 business’s 50-day simple moving average is $47.98 and its 200-day simple moving average is $45.80. The firm has a market capitalization of $5.57 billion, a PE ratio of -31.83 and a beta of 1.29. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88.

Alaska Air Group (NYSE:ALK) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates 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 company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. 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 year.

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.