Analysts Set Alaska Air Group, Inc. (NYSE:ALK) Price Target at $63.31

Shares of Alaska Air Group, Inc. (NYSE:ALK) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.8462.

A number of analysts have recently weighed in on ALK shares. Wall Street Zen cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Citigroup cut shares of Alaska Air Group from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $51.00 to $32.00 in a research note on Friday. Susquehanna reduced their price objective on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on shares of Alaska Air Group from $42.50 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Barclays restated an “overweight” rating and issued a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $38.58 on Wednesday. The firm has a fifty day simple moving average of $41.85 and a 200-day simple moving average of $46.09. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 72.80 and a beta of 1.25.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $3.31 billion. During the same quarter in the previous year, the firm posted ($0.77) earnings per share. Alaska Air Group’s quarterly revenue 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. On average, sell-side analysts expect that Alaska Air Group will post -0.22 earnings per share for the current year.

Insider Activity at Alaska Air Group

In related news, EVP Kyle B. Levine sold 2,945 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the completion of the transaction, the executive vice president directly owned 20,977 shares in the company, valued at $1,259,039.54. This represents a 12.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shane R. Tackett sold 24,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the transaction, the chief financial officer owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 56,945 shares of company stock worth $3,204,569 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently bought and sold shares of ALK. Atlas Capital Advisors Inc. acquired a new position in Alaska Air Group during the 4th quarter valued at $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in Alaska Air Group during the 3rd quarter valued at $28,000. AlphaQuest LLC acquired a new position in Alaska Air Group during the 3rd quarter valued at $34,000. First Command Advisory Services Inc. raised its stake in Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 485 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Alaska Air Group by 43.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 253 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.