Alaska Air Group, Inc. (NYSE:ALK) Receives $71.15 Average Price Target from Analysts

Shares of Alaska Air Group, Inc. (NYSE:ALK) have been given an average recommendation of “Buy” by the thirteen brokerages that are covering the firm, Marketbeat reports. Thirteen research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $71.9231.

A number of brokerages have commented on ALK. JPMorgan Chase & Co. boosted their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Raymond James Financial upgraded shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Monday, August 25th. Susquehanna boosted their price objective on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, August 5th. Barclays boosted their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, UBS Group raised shares of Alaska Air Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $90.00 in a research report on Friday, September 12th.

Alaska Air Group Stock Performance

Shares of ALK stock opened at $54.88 on Tuesday. Alaska Air Group has a 12 month low of $39.79 and a 12 month high of $78.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The firm has a market capitalization of $6.33 billion, a P/E ratio of 22.31, a P/E/G ratio of 0.62 and a beta of 1.45. The company’s fifty day moving average price is $57.01 and its two-hundred day moving average price is $52.16.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.22. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the business posted $2.55 EPS. The firm’s revenue was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, research analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,600 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the sale, the executive vice president owned 18,930 shares of the company’s stock, valued at approximately $1,007,454.60. The trade was a 28.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the sale, the senior vice president directly owned 20,917 shares of the company’s stock, valued at $1,207,956.75. The trade was a 22.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,514 shares of company stock valued at $1,031,306. Insiders own 0.92% 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. Brooklyn Investment Group increased its position in Alaska Air Group by 41.1% in the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 184 shares in the last quarter. US Bancorp DE increased its position in Alaska Air Group by 1.0% in the 1st quarter. US Bancorp DE now owns 21,982 shares of the transportation company’s stock valued at $1,082,000 after acquiring an additional 210 shares in the last quarter. Signaturefd LLC increased its position in Alaska Air Group by 7.8% in the 2nd quarter. Signaturefd LLC now owns 3,113 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 225 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Alaska Air Group by 3.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,237 shares of the transportation company’s stock valued at $358,000 after acquiring an additional 232 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in Alaska Air Group by 3.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,821 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 256 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.