Alaska Air Group (NYSE:ALK) Price Target Raised to $96.00

Alaska Air Group (NYSE:ALK) had its price target lifted by JPMorgan Chase & Co. from $73.00 to $96.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

A number of other equities analysts have also commented on the stock. Barclays raised their price target 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. Raymond James Financial raised shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Monday, August 25th. Susquehanna raised their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a research report on Tuesday, August 5th. Finally, UBS Group raised their price target on shares of Alaska Air Group from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Thirteen analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $71.15.

Alaska Air Group Price Performance

Shares of ALK opened at $63.40 on Friday. The firm has a market capitalization of $7.31 billion, a PE ratio of 25.77, a PEG ratio of 0.69 and a beta of 1.45. The company’s 50-day moving average is $56.32 and its 200-day moving average is $52.52. Alaska Air Group has a fifty-two week low of $39.10 and a fifty-two week 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.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period last year, the firm earned $2.55 earnings per share. Alaska Air Group’s revenue for the quarter 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. Equities analysts forecast that Alaska Air Group will post 6.03 EPS for the current year.

Insider Activity

In related news, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president directly owned 20,917 shares in the company, valued at $1,207,956.75. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of Alaska Air Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. This represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,514 shares of company stock worth $1,031,306. Corporate insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

Several hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC boosted its position in Alaska Air Group by 9.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,523 shares of the transportation company’s stock worth $422,000 after buying an additional 702 shares during the period. Osaic Holdings Inc. boosted its position in Alaska Air Group by 8.6% during the 2nd quarter. Osaic Holdings Inc. now owns 15,565 shares of the transportation company’s stock worth $770,000 after buying an additional 1,239 shares during the period. Total Investment Management Inc. acquired a new stake in Alaska Air Group during the 2nd quarter worth approximately $61,000. State of Wyoming boosted its position in Alaska Air Group by 102.1% during the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock worth $186,000 after buying an additional 1,900 shares during the period. Finally, Semper Augustus Investments Group LLC lifted its position in shares of Alaska Air Group by 7.9% in the 2nd quarter. Semper Augustus Investments Group LLC now owns 372,013 shares of the transportation company’s stock worth $18,407,000 after purchasing an additional 27,179 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.