Alaska Air Group (NYSE:ALK) Price Target Cut to $92.00 by Analysts at JPMorgan Chase & Co.

Alaska Air Group (NYSE:ALK) had its price objective lowered by JPMorgan Chase & Co. from $94.00 to $92.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 98.52% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley reduced their target price on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. 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, Bank of America boosted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Stock Performance

Shares of NYSE:ALK traded up $1.59 on Friday, reaching $46.34. 1,783,869 shares of the company’s stock were exchanged, compared to its average volume of 3,933,576. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of -29.55 and a beta of 1.28. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.58. The company has a fifty day moving average of $46.34 and a 200-day moving average of $45.85.

Alaska Air Group (NYSE:ALK) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the firm earned $1.42 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, research analysts predict that Alaska Air Group will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. purchased a new stake in Alaska Air Group during the 4th quarter valued at $26,000. First Command Advisory Services Inc. boosted its position 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 acquiring an additional 485 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Alaska Air Group by 963.3% during the second quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 761 shares in the last quarter. SBI Securities Co. Ltd. grew its position 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 worth $46,000 after buying an additional 212 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Alaska Air Group by 32.5% in the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

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.