Alaska Air Group (NYSE:ALK) Stock Price Up 10.1% – Still a Buy?

Alaska Air Group, Inc. (NYSE:ALK) shares rose 10.1% on Wednesday . The company traded as high as $39.43 and last traded at $39.8580. Approximately 1,634,972 shares were traded during trading, a decline of 61% from the average daily volume of 4,160,029 shares. The stock had previously closed at $36.21.

Analyst Upgrades and Downgrades

ALK has been the topic of a number of analyst reports. TD Cowen lowered their target price on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. The Goldman Sachs Group lowered their target price on shares of Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. UBS Group restated a “buy” rating and set a $54.00 target price (up from $53.00) on shares of Alaska Air Group in a research note on Wednesday, April 15th. BMO Capital Markets lifted their target price on shares of Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Susquehanna lowered their target price on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.85.

Alaska Air Group Stock Up 0.6%

The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average price of $39.22 and a 200-day moving average price of $45.49. The stock has a market capitalization of $4.60 billion, a P/E ratio of 77.96 and a beta of 1.25.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the firm posted ($0.77) earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, research analysts forecast that Alaska Air Group, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Trading of Alaska Air Group

Several hedge funds have recently made changes to their positions in the business. Lodge Hill Capital LLC raised its position in shares of Alaska Air Group by 32.7% during the 1st quarter. Lodge Hill Capital LLC now owns 507,800 shares of the transportation company’s stock valued at $18,677,000 after buying an additional 125,000 shares in the last quarter. South Dakota Investment Council raised its position in shares of Alaska Air Group by 9.7% during the 1st quarter. South Dakota Investment Council now owns 448,271 shares of the transportation company’s stock valued at $16,487,000 after buying an additional 39,708 shares in the last quarter. Amundi purchased a new stake in shares of Alaska Air Group during the 1st quarter valued at about $2,205,000. California State Teachers Retirement System raised its position in shares of Alaska Air Group by 38.2% during the 1st quarter. California State Teachers Retirement System now owns 45,088 shares of the transportation company’s stock valued at $1,658,000 after buying an additional 12,453 shares in the last quarter. Finally, Owl Creek Asset Management L.P. purchased a new stake in shares of Alaska Air Group during the 1st quarter valued at about $5,780,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.