Bank of America Issues Positive Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective upped by Bank of America from $60.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price indicates a potential upside of 22.73% from the company’s current price.

Other research analysts have also issued reports about the company. Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Susquehanna cut their price target on shares of Alaska Air Group from $55.00 to $50.00 and set a “positive” rating for the company in a report on Wednesday, April 22nd. BMO Capital Markets raised their price objective on shares of Alaska Air Group from $42.50 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Evercore set a $60.00 price objective on shares of Alaska Air Group in a research note on Friday, April 17th. Finally, Weiss Ratings downgraded shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Alaska Air Group Price Performance

NYSE ALK traded up $0.76 on Wednesday, reaching $52.96. 404,231 shares of the stock traded hands, compared to its average volume of 4,005,686. The firm’s fifty day simple moving average is $43.65 and its 200 day simple moving average is $46.26. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 99.93 and a beta of 1.29. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, research analysts predict that Alaska Air Group will post -0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently modified their holdings of ALK. Atlas Capital Advisors Inc. acquired a new position in shares of Alaska Air Group in the 4th quarter valued at $26,000. Foster Dykema Cabot & Partners LLC purchased a new position in Alaska Air Group in the 3rd quarter worth about $28,000. First Command Advisory Services Inc. raised 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 during the period. SBI Securities Co. Ltd. raised its holdings in Alaska Air Group by 30.4% during 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 lifted its stake in Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after buying an additional 385 shares in the last quarter. 81.90% of the stock is owned by institutional investors and hedge funds.

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.