Alaska Air Group (NYSE:ALK) Given New $63.00 Price Target at TD Cowen

Alaska Air Group (NYSE:ALK) had its price objective trimmed by TD Cowen from $64.00 to $63.00 in a report released on Friday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other analysts also recently commented on ALK. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Bank of America boosted their price target on shares of Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Barclays restated an “overweight” rating and set a $70.00 price objective (up previously from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Susquehanna boosted their target price on shares of Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, January 9th. Finally, Raymond James Financial restated an “outperform” rating and set a $71.00 target price on shares of Alaska Air Group in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.40.

Alaska Air Group Stock Down 4.7%

Alaska Air Group stock opened at $50.80 on Friday. Alaska Air Group has a 52 week low of $37.63 and a 52 week high of $78.08. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 0.47 and a beta of 1.22. The company’s 50-day moving average price is $49.22 and its two-hundred day moving average price is $50.78. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during 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 business’s revenue was up 2.8% on a year-over-year basis. 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. On average, analysts expect that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

Several hedge funds have recently made changes to their positions in ALK. ARGA Investment Management LP raised its stake in Alaska Air Group by 200.3% during the 4th quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock valued at $37,942,000 after purchasing an additional 503,167 shares during the period. M&T Bank Corp grew its holdings in shares of Alaska Air Group by 11.7% during the fourth quarter. M&T Bank Corp now owns 11,052 shares of the transportation company’s stock valued at $556,000 after buying an additional 1,158 shares in the last quarter. Quadcap Wealth Management LLC raised its position in Alaska Air Group by 88.5% during the fourth quarter. Quadcap Wealth Management LLC now owns 10,333 shares of the transportation company’s stock valued at $520,000 after buying an additional 4,851 shares during the period. Deltec Asset Management LLC acquired a new position in Alaska Air Group during the fourth quarter valued at $1,509,000. Finally, Verdence Capital Advisors LLC lifted its stake in Alaska Air Group by 3.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 11,814 shares of the transportation company’s stock worth $594,000 after acquiring an additional 387 shares in the last quarter. Hedge funds and other institutional investors 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.