Alaska Air Group, Inc. (NYSE:ALK) Receives Consensus Rating of “Moderate Buy” from Analysts

Alaska Air Group, Inc. (NYSE:ALK) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $65.6538.

A number of research firms have weighed in on ALK. Morgan Stanley cut their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Barclays set a $65.00 price target on shares of Alaska Air Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. UBS Group reissued a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Evercore set a $60.00 price objective on shares of Alaska Air Group in a research note on Friday, April 17th. Finally, BMO Capital Markets raised their price objective on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd.

Insider Activity

In related news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alaska Air Group

Several large investors have recently modified their holdings of the company. ARGA Investment Management LP raised its stake in shares of Alaska Air Group by 200.3% during the fourth quarter. ARGA Investment Management LP now owns 754,321 shares of the transportation company’s stock worth $37,942,000 after purchasing an additional 503,167 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Alaska Air Group by 24.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after purchasing an additional 588,119 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Alaska Air Group by 60.0% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 70,138 shares of the transportation company’s stock valued at $3,528,000 after buying an additional 26,310 shares in the last quarter. Vanguard Group Inc. raised its holdings in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after purchasing an additional 110,628 shares during the last quarter. Finally, Amundi acquired a new position in shares of Alaska Air Group during the 1st quarter worth $2,205,000. 81.90% of the stock is owned by institutional investors and hedge funds.

Alaska Air Group Stock Up 2.3%

Alaska Air Group stock opened at $48.35 on Friday. The stock has a market cap of $5.39 billion, a PE ratio of -30.80 and a beta of 1.29. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The stock’s fifty day moving average is $48.12 and its two-hundred day moving average is $45.79. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the firm posted $1.42 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, sell-side analysts expect that Alaska Air Group will post -0.73 EPS for the current fiscal year.

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.