Alaska Air Group (NYSE:ALK) Given New $55.00 Price Target at BMO Capital Markets

Alaska Air Group (NYSE:ALK) had its target price increased by investment analysts at BMO Capital Markets from $42.50 to $55.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 36.95% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 9th. TD Cowen decreased their price target 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. Barclays reiterated an “overweight” rating and issued a $70.00 price target (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Wall Street Zen downgraded Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, The Goldman Sachs Group decreased their target price on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Twelve analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.85.

Alaska Air Group Trading Down 3.1%

Shares of NYSE:ALK traded down $1.29 on Wednesday, hitting $40.16. 1,867,537 shares of the company’s stock were exchanged, compared to its average volume of 4,342,705. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 76.00, a price-to-earnings-growth ratio of 6.33 and a beta of 1.27. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The business’s 50 day simple moving average is $43.99 and its two-hundred day simple moving average is $46.51.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results 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 company 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 4.86% and a net margin of 0.51%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Analysts anticipate that Alaska Air Group will post 0.34 EPS for the current fiscal year.

Insider Transactions at Alaska Air Group

In related news, CFO Shane R. Tackett sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $57.15, for a total transaction of $1,371,600.00. Following the completion of the transaction, the chief financial officer owned 43,377 shares in the company, valued at $2,478,995.55. The trade was a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the sale, the executive vice president directly owned 20,977 shares of the company’s stock, valued at $1,259,039.54. The trade was a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 56,945 shares of company stock valued at $3,204,569. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH lifted its position in Alaska Air Group by 40.1% during the third quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company’s stock valued at $8,642,000 after purchasing an additional 49,663 shares during the period. Generate Investment Management Ltd acquired a new stake in Alaska Air Group during the 4th quarter worth about $40,240,000. Lighthouse Investment Partners LLC acquired a new stake in Alaska Air Group during the 3rd quarter worth about $4,194,000. CM Management LLC purchased a new position in shares of Alaska Air Group during the 3rd quarter valued at about $1,244,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Alaska Air Group by 29.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company’s stock valued at $10,263,000 after buying an additional 46,445 shares during the period. Institutional investors and hedge funds 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: Expanded Bank of America credit‑card partnership could drive higher loyalty revenue and improve Atmos Rewards economics over time, supporting ancillary revenue growth. Alaska Air Group and Bank of America Expand Partnership
• Positive Sentiment: Operational wins: management highlighted industry‑leading on‑time performance, premium revenue up ~8% YoY, and completion of >90% of premium fleet retrofits ahead of summer — supports revenue mix and customer retention. Alaska Air Group reports first quarter 2026 results
• Positive Sentiment: Analyst sentiment remains strongly bullish (unanimous Buy/Strong Buy coverage across recent polls), which can provide support for the stock once macro headwinds ease. Every Wall Street Analyst Says Buy Alaska Air
• Neutral Sentiment: Management says underlying demand remains strong despite weather and fuel challenges — a positive demand signal, but offset by cost pressure from fuel. Alaska Air points to strong underlying demand
• Negative Sentiment: Material near‑term fuel shock — CEO Ben Minicucci said surging jet‑fuel costs tied to the Iran war will hit results, with management estimating roughly a $600M headwind in Q2 alone; the company withdrew full‑year guidance. That sudden cost shock is the primary driver of today’s sell‑off. Alaska Air CEO on jet fuel prices: $600M impact in Q2
• Negative Sentiment: Q1 results: EPS missed (loss of $1.68 vs. est. -$1.61), revenue roughly in line but margins compressed (big jump in cost of sales and lower gross profit). Company set Q2 EPS guidance at -1.00, well below consensus, increasing near‑term downside risk to earnings. Alaska Air Q1 2026 results / slide deck
• Negative Sentiment: Market reaction and wider concerns: coverage noted the stock fell after the print, analysts are re‑running models given fuel uncertainty, and some data providers flagged insider sales — all of which can amplify volatility near term. ALK Stock Falls on Q1 2026 Earnings

Alaska Air Group Company Profile

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.