Alaska Air Group (NYSE:ALK) Price Target Raised to $62.50

Alaska Air Group (NYSE:ALK) had its price objective increased by investment analysts at BMO Capital Markets from $55.00 to $62.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price target points to a potential upside of 22.24% from the stock’s current price.

A number of other equities analysts have also recently issued reports on ALK. Citigroup reissued a “sell” rating and issued a $47.00 target price (up from $32.00) on shares of Alaska Air Group in a report on Friday, June 26th. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. The Goldman Sachs Group reissued 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. Susquehanna reduced their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Eleven investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.58.

Alaska Air Group Stock Performance

ALK stock traded down $0.12 during trading on Thursday, hitting $51.13. 751,135 shares of the company’s stock traded hands, compared to its average volume of 3,996,744. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88. The stock has a fifty day moving average price of $43.81 and a two-hundred day moving average price of $46.25. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 96.45 and a beta of 1.29.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its holdings 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 during the period. Northwestern Mutual Investment Management Company LLC grew its position in Alaska Air Group by 1.0% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 25,951 shares of the transportation company’s stock valued at $1,305,000 after buying an additional 249 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in Alaska Air Group by 2.0% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 14,647 shares of the transportation company’s stock valued at $737,000 after buying an additional 281 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Alaska Air Group by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 23,499 shares of the transportation company’s stock valued at $864,000 after buying an additional 300 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of Alaska Air Group by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 38,414 shares of the transportation company’s stock worth $1,932,000 after buying an additional 313 shares in the last quarter. 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.