Alaska Air Group (NYSE:ALK) Given New $60.00 Price Target at Bank of America

Alaska Air Group (NYSE:ALK) had its price objective reduced by research analysts at Bank of America from $70.00 to $60.00 in a research report issued on Wednesday,MarketScreener reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price objective suggests a potential upside of 55.79% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial reissued an “outperform” rating and issued a $71.00 price objective on shares of Alaska Air Group in a research report on Friday, December 19th. Wall Street Zen upgraded shares of Alaska Air Group from a “sell” rating to a “hold” rating in a research note on Sunday. BMO Capital Markets assumed coverage on Alaska Air Group in a report on Tuesday, March 24th. They issued an “outperform” rating and a $50.00 target price on the stock. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Finally, TD Cowen decreased their price target on Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.91.

Alaska Air Group Trading Up 4.7%

Shares of ALK stock traded up $1.73 during trading on Wednesday, hitting $38.51. 1,266,575 shares of the stock traded hands, compared to its average volume of 4,152,342. The firm has a market capitalization of $4.42 billion, a P/E ratio of 44.24, a price-to-earnings-growth ratio of 0.36 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The firm’s fifty day moving average price is $48.02 and its 200-day moving average price is $47.90. Alaska Air Group has a 52-week low of $33.03 and a 52-week high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. Alaska Air Group’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. As a group, research analysts forecast that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In related news, EVP Kyle B. Levine sold 2,945 shares of Alaska Air Group stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares in the company, valued at $1,259,039.54. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew R. Harrison sold 5,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the completion of the transaction, the executive vice president directly owned 30,828 shares in the company, valued at $1,745,789.64. This represents a 15.14% 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 valued at $3,204,569 in the last ninety days. Insiders own 0.92% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently modified their holdings of ALK. Hsbc Holdings PLC raised its position in shares of Alaska Air Group by 144.3% during the 4th quarter. Hsbc Holdings PLC now owns 84,257 shares of the transportation company’s stock worth $4,234,000 after purchasing an additional 49,762 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Alaska Air Group by 618.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 42,919 shares of the transportation company’s stock valued at $2,159,000 after buying an additional 36,945 shares during the last quarter. Pacer Advisors Inc. increased its position in Alaska Air Group by 38.4% during the fourth quarter. Pacer Advisors Inc. now owns 21,024 shares of the transportation company’s stock worth $1,058,000 after buying an additional 5,834 shares in the last quarter. Kera Capital Partners Inc. increased its position in Alaska Air Group by 15.1% during the fourth quarter. Kera Capital Partners Inc. now owns 4,746 shares of the transportation company’s stock worth $241,000 after buying an additional 624 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Alaska Air Group by 18.7% in the fourth quarter. Invesco Ltd. now owns 973,636 shares of the transportation company’s stock worth $48,974,000 after acquiring an additional 153,340 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.