UBS Group Forecasts Strong Price Appreciation for Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group (NYSE:ALK) had its target price upped by equities researchers at UBS Group from $54.00 to $56.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price would indicate a potential upside of 32.08% from the stock’s previous close.

ALK has been the subject of several other research reports. Weiss Ratings cut Alaska Air Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Susquehanna decreased their target price on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, April 22nd. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, TD Cowen reduced their price objective on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Monday, March 9th. 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 stock. Based on data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Alaska Air Group Price Performance

Shares of ALK opened at $42.40 on Tuesday. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88. The stock’s 50 day moving average is $39.28 and its two-hundred day moving average is $45.50. The firm has a market capitalization of $4.72 billion, a PE ratio of 80.00 and a beta of 1.25. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Research analysts anticipate that Alaska Air Group will post -1.04 earnings per share for the current year.

Institutional Trading of Alaska Air Group

A number of institutional investors have recently bought and sold shares of ALK. Brighton Jones LLC increased its position in shares of Alaska Air Group by 2,046.4% in the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 92,416 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Alaska Air Group by 60.2% in the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after buying an additional 2,414 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alaska Air Group by 81.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock valued at $16,747,000 after acquiring an additional 152,953 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Alaska Air Group in the 1st quarter valued at about $1,318,000. Finally, Invesco Ltd. increased its holdings in Alaska Air Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after acquiring an additional 9,307 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.