TD Cowen Cuts Alaska Air Group (NYSE:ALK) Price Target to $44.00

Alaska Air Group (NYSE:ALK) had its target price cut by TD Cowen from $46.00 to $44.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the stock. Susquehanna increased their price target on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. reduced their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Bank of America upped their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. Finally, UBS Group restated a “buy” rating and issued a $54.00 price target (up from $52.00) on shares of Alaska Air Group in a research note on Tuesday, September 22nd. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.15.

Alaska Air Group Trading Up 0.2%

NYSE ALK opened at $39.59 on Friday. The stock has a market cap of $4.41 billion, a P/E ratio of -25.22 and a beta of 1.33. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $60.63. The stock has a 50 day simple moving average of $43.27 and a two-hundred day simple moving average of $43.24. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations 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 business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts forecast that Alaska Air Group will post -1.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Benito Minicucci acquired 25,000 shares of the stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer directly owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew R. Harrison sold 5,300 shares of the firm’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 transaction of $263,251.00. Following the transaction, the executive vice president directly owned 25,528 shares in the company, valued at approximately $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in Alaska Air Group in the 2nd quarter valued at about $1,407,000. Engineers Gate Manager LP increased its position in shares of Alaska Air Group by 1,445.3% during the second quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock valued at $4,551,000 after acquiring an additional 81,545 shares during the last quarter. Amundi acquired a new stake in shares of Alaska Air Group during the first quarter valued at about $2,205,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Alaska Air Group in the 2nd quarter valued at approximately $2,230,000. Finally, Legal & General Group Plc purchased a new stake in shares of Alaska Air Group in the 2nd quarter valued at approximately $4,799,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.