JPMorgan Chase & Co. Has Lowered Expectations for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $92.00 to $74.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 113.62% from the stock’s previous close.

ALK has been the subject of a number of other research reports. UBS Group restated a “buy” rating and set a $51.00 price objective (down from $54.00) on shares of Alaska Air Group in a report on Friday, October 16th. Cantor Fitzgerald set a $46.00 target price on shares of Alaska Air Group in a report on Monday, August 24th. Raymond James Financial reissued an “outperform” rating on shares of Alaska Air Group in a research report on Friday, September 25th. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Finally, TD Cowen decreased their price target on shares of Alaska Air Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.15.

Alaska Air Group Trading Up 3.3%

Shares of NYSE:ALK traded up $1.10 during midday trading on Thursday, hitting $34.64. The company had a trading volume of 916,363 shares, compared to its average volume of 3,642,623. Alaska Air Group has a 12 month low of $32.33 and a 12 month high of $60.63. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of -9.77 and a beta of 1.33. The firm has a fifty day simple moving average of $40.23 and a 200 day simple moving average of $43.20.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Alaska Air Group had a negative net margin of 2.58% and a negative return on equity of 5.31%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.31 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts predict that Alaska Air Group will post -3.26 EPS for the current year.

Insider Activity at Alaska Air Group

In related news, CEO Benito Minicucci bought 25,000 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the acquisition, the chief executive officer 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 SEC, which can be accessed through 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 sale, the executive vice president owned 25,528 shares in the company, valued at $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALK. Root Financial Partners LLC bought a new stake in shares of Alaska Air Group during the third quarter worth $48,000. Quadrant Capital Group LLC lifted its position in Alaska Air Group by 15.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,979 shares of the transportation company’s stock valued at $302,000 after acquiring an additional 1,048 shares in the last quarter. Mosley Wealth Management lifted its position in Alaska Air Group by 1,475.0% in the 3rd quarter. Mosley Wealth Management now owns 945 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 885 shares in the last quarter. Daytona Street Capital LLC boosted its stake in Alaska Air Group by 1.3% in the 3rd quarter. Daytona Street Capital LLC now owns 91,940 shares of the transportation company’s stock worth $3,658,000 after purchasing an additional 1,200 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Alaska Air Group by 1,065.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 314,093 shares of the transportation company’s stock worth $12,155,000 after purchasing an additional 287,134 shares during the period. Institutional investors own 81.90% of the company’s stock.

More Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Alaska Air reported 14.4% year-over-year revenue growth to $4.31 billion in the third quarter. Adjusted EPS of $0.36 exceeded the Zacks consensus estimate of $0.35, supported by strong yields and continued demand. Alaska Air Group Q3 Earnings Top Estimates
• Positive Sentiment: Management highlighted long-term growth initiatives, including premium traffic growth of 24.5%, diversified revenue reaching 54% of the total mix, new Seattle international routes and plans to join international joint businesses with oneworld and global partners. Alaska Air: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Susquehanna maintained a positive rating and set a $43 price target, implying substantial upside from the current price, although the target was reduced from $50.
• Neutral Sentiment: Analysts’ average price target remains considerably higher at approximately $57.38, but the dispersion among targets indicates uncertainty about the pace of earnings recovery. Alaska Air Group Analyst Price Target
• Negative Sentiment: Alaska Air posted a $147 million third-quarter loss, or a GAAP loss of $1.32 per share. Adjusted EPS of $0.36 declined sharply from $1.05 a year earlier and missed the broader consensus estimate of $0.39. Alaska Air Group Reports Third Quarter 2026 Results
• Negative Sentiment: The company forecast a fourth-quarter adjusted loss of $2.50 to $2.00 per share, substantially worse than the $1.14 consensus estimate. Surging fuel costs are more than offsetting revenue growth and are the primary reason for the weaker outlook. Alaska Air Forecasts Bigger-Than-Expected Fourth-Quarter Loss

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.