Alaska Air Group (NYSE:ALK) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Alaska Air Group (NYSE:ALK) had its target price lowered by JPMorgan Chase & Co. from $92.00 to $74.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Several other analysts have also commented on the stock. Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. Susquehanna reduced their target price on shares of Alaska Air Group from $50.00 to $43.00 and set a “positive” rating on the stock in a report on Thursday. Bank of America raised their price target on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. BMO Capital Markets set a $50.00 target price on shares of Alaska Air Group and gave the stock an “outperform” rating in a report on Monday, September 28th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Alaska Air Group in a research note on Friday, September 25th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.23.

Alaska Air Group Trading Down 2.8%

NYSE:ALK opened at $34.39 on Thursday. Alaska Air Group has a fifty-two week low of $32.33 and a fifty-two week high of $60.63. The stock has a market capitalization of $3.83 billion, a PE ratio of -9.80 and a beta of 1.33. The business’s 50-day simple moving average is $39.76 and its 200-day simple moving average is $43.12. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.46 and a quick ratio of 0.51.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.31 billion. Alaska Air Group had a negative return on equity of 5.42% and a negative net margin of 2.58%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Sell-side analysts expect that Alaska Air Group will post -3.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew Harrison sold 5,300 shares of the business’s stock in a transaction that occurred on 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 owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Benito Minicucci acquired 25,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer owned 256,582 shares of the company’s stock, valued at approximately $10,278,674.92. This represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in Alaska Air Group by 35.7% during the third quarter. Signaturefd LLC now owns 3,702 shares of the transportation company’s stock worth $143,000 after purchasing an additional 974 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Alaska Air Group by 214.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 12,400 shares of the transportation company’s stock valued at $480,000 after acquiring an additional 8,456 shares during the last quarter. Credit Capital Investments LLC grew its holdings in Alaska Air Group by 33.3% during the 3rd quarter. Credit Capital Investments LLC now owns 20,000 shares of the transportation company’s stock worth $774,000 after acquiring an additional 5,000 shares in the last quarter. U S Global Investors Inc. increased its holdings in shares of Alaska Air Group by 13.9% during the third quarter. U S Global Investors Inc. now owns 728,679 shares of the transportation company’s stock valued at $28,200,000 after acquiring an additional 88,966 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Alaska Air Group in the 3rd quarter valued at about $48,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group News Summary

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

• Positive Sentiment: JPMorgan maintained an “overweight” rating and Susquehanna retained a “positive” rating, indicating that both firms see potential upside despite reducing their price targets to $74 and $43, respectively. JPMorgan analyst coverage Susquehanna analyst coverage
• Neutral Sentiment: Alaska Air’s third-quarter revenue increased 14.4% year over year to $4.31 billion, but earnings per share of $0.36 missed the $0.39 consensus estimate and fell sharply from $1.05 in the prior-year quarter. The results highlight continued growth alongside deteriorating margins. Alaska Air Q3 2026 earnings call transcript
• Negative Sentiment: The company issued fourth-quarter EPS guidance of a $2.50–$2.00 loss, substantially below the consensus estimate for a $1.14 loss. The wider projected loss reinforces concerns that elevated fuel expenses are overwhelming revenue growth. Alaska Air Q3 2026 financial results
• Negative Sentiment: Industry conditions are also unfavorable: U.S. airlines are favoring higher fares over fuller aircraft as fuel costs squeeze profits. That environment could limit passenger demand while increasing pressure on Alaska Air’s operating margins. Reuters airline fuel-costs article
• Negative Sentiment: Zacks Research downgraded Alaska Air from “hold” to “strong sell,” adding to the bearish reaction to the earnings outlook. Zacks Research rating

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.