JPMorgan Chase & Co. Cuts Alaska Air Group (NYSE:ALK) Price Target to $92.00

Alaska Air Group (NYSE:ALK) had its price objective reduced by JPMorgan Chase & Co. from $94.00 to $92.00 in a research note published on Friday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other brokerages also recently commented on ALK. Evercore set a $60.00 target price on Alaska Air Group in a research note on Friday, April 17th. UBS Group reiterated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Citigroup lowered their price target on shares of Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a report on Friday. TD Cowen reaffirmed a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.65.

Alaska Air Group Trading Down 0.1%

NYSE:ALK opened at $46.10 on Friday. The company has a market cap of $5.14 billion, a P/E ratio of -29.36 and a beta of 1.28. The stock’s fifty day moving average price is $46.53 and its two-hundred day moving average price is $45.81. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $65.88. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $4.09 billion. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, analysts expect that Alaska Air Group will post -0.53 EPS for the current year.

Institutional Trading of Alaska Air Group

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new position in shares of Alaska Air Group in the second quarter worth approximately $1,407,000. 180 Wealth Advisors LLC bought a new stake in Alaska Air Group during the second quarter valued at approximately $271,000. GAMMA Investing LLC lifted its position in Alaska Air Group by 15.2% during the second quarter. GAMMA Investing LLC now owns 4,978 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 656 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in 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 during the last quarter. Finally, Parallel Advisors LLC grew its stake in Alaska Air Group by 32.5% in the 1st quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after buying an additional 385 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Key Stories Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: JPMorgan cut its price target on Alaska Air Group to $92 from $94, but kept an overweight rating, signaling that the firm still sees major upside versus the current share price.
• Positive Sentiment: The FAA said airlines could receive up to $2.2 billion in rebates to help cover the cost of retrofitting aircraft for wireless interference protection, which could reduce future compliance expenses for Alaska Air Group and peers. Article: US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference
• Neutral Sentiment: Recent earnings coverage highlighted that Alaska Air’s underlying business improved, but results were pressured by higher fuel costs, suggesting operational strength is being offset by a volatile cost environment.
• Negative Sentiment: Citigroup lowered its price target on Alaska Air Group to $37 from $47 and reiterated a sell rating, indicating concern that the shares may be overvalued relative to near-term fundamentals.
• Negative Sentiment: Reuters reported that rising jet fuel prices are making U.S. airline earnings forecasts harder to predict, a broad industry headwind that can pressure margins for Alaska Air Group.

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.