Alaska Air Group, Inc. (NYSE:ALK) Stock Rated “Moderate Buy” by Wall Street Brokerages

Alaska Air Group, Inc. (NYSE:ALK) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $52.38.

A number of research firms have commented on ALK. Zacks Research lowered Alaska Air Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $52.00 target price on shares of Alaska Air Group in a report on Thursday, October 22nd. Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. Citigroup restated a “sell” rating and set a $33.00 price target (down from $37.00) on shares of Alaska Air Group in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Alaska Air Group from $92.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd.

Alaska Air Group Price Performance

Shares of ALK stock traded down $0.75 during trading hours on Friday, reaching $38.30. The company’s stock had a trading volume of 2,839,834 shares, compared to its average volume of 4,317,257. The company has a quick ratio of 0.42, a current ratio of 0.46 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of -10.91 and a beta of 1.43. Alaska Air Group has a fifty-two week low of $32.33 and a fifty-two week high of $60.63. The firm’s 50 day simple moving average is $38.66 and its 200-day simple moving average is $43.63.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Alaska Air Group had a negative return on equity of 5.42% and a negative net margin of 2.58%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. Alaska Air Group’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that Alaska Air Group will post -4.43 earnings per share for the current year.

Latest Alaska Air Group News

Investors following ALK have been watching these news items:

• Positive Sentiment: Alaska Airlines plans to add five nonstop routes from Seattle in 2027, expanding its largest hub to 119 destinations. The added service could support future growth, though the impact is not immediate. Alaska Airlines Strengthens Its Seattle Network With New Routes
• Neutral Sentiment: A commentary suggested ALK could be undervalued after a steep five-year decline. This is a valuation argument rather than a new company or earnings catalyst. Alaska Air Group (ALK) Stock Could Be Undervalued On Its 23% Five Year Fall
• Negative Sentiment: Zacks Research made substantial cuts to Alaska Air Group’s full-year EPS forecasts for 2026 and 2027, and lowered its 2028 estimate to $7.84 from $9.39. Although it raised some individual quarterly estimates, it maintained a “Strong Sell” rating; the broad forecast reductions suggest concern about the earnings outlook. Alaska Air Group analyst estimate updates

Insiders Place Their Bets

In other news, CEO Benito Minicucci bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired 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 of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently modified their holdings of ALK. BlackRock Inc. bought a new position in shares of Alaska Air Group during the second quarter valued at about $606,307,000. Primecap Management Co. CA purchased a new stake in shares of Alaska Air Group during the second quarter valued at approximately $168,467,000. Marshall Wace LLP increased its position in shares of Alaska Air Group by 107.3% during the third quarter. Marshall Wace LLP now owns 2,496,975 shares of the transportation company’s stock valued at $96,633,000 after acquiring an additional 1,292,690 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Alaska Air Group during the second quarter worth $34,776,000. Finally, Bank of America Corp DE bought a new stake in Alaska Air Group during the second quarter worth $32,751,000. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group is an airline holding company whose operations include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. Its businesses provide scheduled passenger and air-cargo services, along with related travel offerings. Based in Seattle, the group serves destinations across the United States and connects travelers to locations in Canada, Mexico, Central America and the Pacific, including Hawaii. Its airlines operate under their respective brands and serve a mix of domestic and international routes.