Alaska Air Group, Inc. (NYSE:ALK) Stock Has Average Target Price of $60.27

Alaska Air Group, Inc. (NYSE:ALK) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $59.15.

ALK has been the subject of a number of recent research reports. TD Cowen decreased their target price on Alaska Air Group from $46.00 to $44.00 and set a “buy” rating for the company in a report on Friday. Bank of America boosted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. UBS Group restated a “buy” rating and set a $54.00 target price (up from $52.00) on shares of Alaska Air Group in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. reduced their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the completion of the transaction, the executive vice president directly owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Benito Minicucci acquired 25,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the acquisition, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alaska Air Group

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Alaska Air Group during the second quarter worth approximately $606,307,000. Primecap Management Co. CA acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $168,467,000. Capital Research Global Investors boosted its holdings in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after buying an additional 1,475,350 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at $34,776,000. Finally, Bank of America Corp DE purchased a new position in shares of Alaska Air Group in the 2nd quarter valued at $32,751,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Stock Up 0.3%

Alaska Air Group stock opened at $39.59 on Friday. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $60.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The firm has a 50 day moving average price of $43.27 and a 200 day moving average price of $43.21. The company has a market capitalization of $4.41 billion, a PE ratio of -25.22 and a beta of 1.33.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the business posted $1.42 EPS. Alaska Air Group’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts expect that Alaska Air Group will post -1.88 earnings per share for the current year.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.