Bank of America Issues Positive Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price target boosted by equities research analysts at Bank of America from $60.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective indicates a potential upside of 22.73% from the company’s previous close.

ALK has been the topic of several other research reports. TD Cowen restated a “buy” rating on shares of Alaska Air Group in a research report on Friday, June 5th. Morgan Stanley decreased their price objective on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. BMO Capital Markets boosted their target price on Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. UBS Group restated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research note on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. 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, the company has an average rating of “Moderate Buy” and an average target price of $64.00.

Alaska Air Group Stock Performance

NYSE:ALK traded up $0.76 during trading hours on Wednesday, reaching $52.96. 404,231 shares of the company’s stock were exchanged, compared to its average volume of 4,005,686. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88. 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 firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 99.79 and a beta of 1.29. The company has a 50-day moving average of $43.65 and a 200 day moving average of $46.26.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the company posted ($0.77) earnings per share. Alaska Air Group’s quarterly revenue was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Research analysts anticipate that Alaska Air Group will post -0.7 EPS for the current year.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. purchased a new stake in shares of Alaska Air Group in the fourth quarter valued at $26,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Alaska Air Group in the third quarter valued at approximately $28,000. First Command Advisory Services Inc. grew its stake in shares of 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 buying an additional 485 shares during the period. SBI Securities Co. Ltd. grew its position in Alaska Air Group by 30.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares during the period. Finally, Parallel Advisors LLC increased its position in Alaska Air Group by 32.5% during the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

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.