TD Cowen Cuts Alaska Air Group (NYSE:ALK) Price Target to $54.00

Alaska Air Group (NYSE:ALK) had its price target lowered by TD Cowen from $63.00 to $54.00 in a research note released on Monday,Benzinga reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, February 13th. Bank of America raised their target price on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Wall Street Zen upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Barclays reiterated an “overweight” rating and set a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Finally, Susquehanna raised their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

Alaska Air Group Trading Down 2.5%

NYSE:ALK opened at $41.29 on Monday. Alaska Air Group has a 12 month low of $37.63 and a 12 month high of $65.88. The firm has a fifty day simple moving average of $51.33 and a 200-day simple moving average of $50.42. 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 capitalization of $4.73 billion, a P/E ratio of 47.46, a PEG ratio of 0.38 and a beta of 1.17.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.Alaska Air Group’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. 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, equities research analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Alaska Air Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ellis Investment Partners LLC grew its position in Alaska Air Group by 0.5% during the 3rd quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock worth $2,035,000 after acquiring an additional 212 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 212 shares in the last quarter. True Wealth Design LLC grew its position in shares of Alaska Air Group by 19.9% in the 3rd quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company’s stock worth $70,000 after buying an additional 232 shares during the period. Lesa Sroufe & Co increased its stake in shares of Alaska Air Group by 0.7% during the third quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock valued at $1,821,000 after purchasing an additional 242 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Alaska Air Group by 6.0% during the third quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock valued at $218,000 after buying an additional 249 shares during the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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.