Alaska Air Group (NYSE:ALK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alaska Air Group (NYSE:ALK) from a strong sell rating to a sell rating in a research note published on Tuesday morning.

ALK has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Citigroup reduced their target price on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research note on Friday, July 24th. Susquehanna upped their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. UBS Group reissued a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Finally, BMO Capital Markets boosted their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alaska Air Group presently has an average rating of “Moderate Buy” and a consensus target price of $65.65.

Alaska Air Group Price Performance

Shares of Alaska Air Group stock opened at $47.29 on Tuesday. The firm has a market cap of $5.27 billion, a P/E ratio of -30.12 and a beta of 1.28. The firm’s 50-day simple moving average is $47.22 and its 200-day simple moving average is $45.74. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results 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. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, research analysts expect that Alaska Air Group will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALK. Atlas Capital Advisors Inc. bought a new stake in shares of Alaska Air Group during the fourth quarter valued at approximately $26,000. First Command Advisory Services Inc. lifted its holdings 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 worth $34,000 after buying an additional 485 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after buying an additional 761 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after buying an additional 212 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after acquiring an additional 385 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

About Alaska Air Group

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.