Alaska Air Group, Inc. (NYSE:ALK) Receives $67.12 Average Price Target from Brokerages

Alaska Air Group, Inc. (NYSE:ALK) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $67.1154.

A number of research firms recently commented on ALK. Evercore set a $60.00 price objective on Alaska Air Group in a research report on Friday, April 17th. Bank of America increased 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. 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 note on Tuesday, June 23rd. Morgan Stanley decreased their target price on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a report on Thursday, July 2nd.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. purchased a new stake in Alaska Air Group in the 2nd quarter worth $1,407,000. 180 Wealth Advisors LLC bought a new stake in Alaska Air Group during the second quarter valued at about $271,000. GAMMA Investing LLC lifted its position in shares of Alaska Air Group by 15.2% in the second quarter. GAMMA Investing LLC now owns 4,978 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 656 shares in the last quarter. Cedar Mountain Advisors LLC boosted its stake in Alaska Air Group by 963.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock worth $44,000 after purchasing an additional 761 shares during the period. Finally, Parallel Advisors LLC boosted 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 purchasing an additional 385 shares during the period. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Price Performance

Shares of NYSE ALK opened at $47.90 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. The company has a 50 day simple moving average of $45.58 and a two-hundred day simple moving average of $46.06. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 90.38 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the firm posted ($0.77) EPS. Alaska Air Group’s quarterly revenue was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Analysts expect that Alaska Air Group will post -0.25 EPS for the current fiscal year.

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.