Alaska Air Group (NYSE:ALK) Stock Gets Price Target Reduction from Susquehanna

Alaska Air Group (NYSE:ALK) had its price target cut by Susquehanna from $55.00 to $50.00 in a research note released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a positive rating on the transportation company’s stock.

A number of other research firms also recently commented on ALK. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Citigroup reduced their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 24th. Barclays set a $52.00 price objective on shares of Alaska Air Group and gave the stock an “overweight” rating in a research report on Friday, September 11th. UBS Group restated a “buy” rating and issued a $54.00 price target (up from $52.00) on shares of Alaska Air Group in a research note on Tuesday, September 22nd. Finally, Cantor Fitzgerald set a $46.00 price objective on shares of Alaska Air Group in a report on Monday, August 24th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Moderate Buy” and an average price target of $57.62.

Alaska Air Group Trading Down 0.3%

NYSE ALK opened at $39.38 on Wednesday. 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 market cap of $4.39 billion, a price-to-earnings ratio of -25.08 and a beta of 1.33. The firm has a 50 day simple moving average of $42.49 and a 200-day simple moving average of $43.26. Alaska Air Group has a one year low of $33.03 and a one year high of $60.63.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($0.99) by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities research analysts anticipate that Alaska Air Group will post -2.73 EPS for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Alaska Air Group

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Alaska Air Group in the second quarter valued at approximately $606,307,000. Dimensional Fund Advisors LP grew its stake in shares of Alaska Air Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after buying an additional 145,484 shares in the last quarter. Primecap Management Co. CA acquired a new position in Alaska Air Group during the 2nd quarter worth approximately $168,467,000. Bank of New York Mellon Corp purchased a new position in Alaska Air Group in the 2nd quarter worth approximately $34,776,000. Finally, Bank of America Corp DE acquired a new stake in Alaska Air Group in the second quarter valued at approximately $32,751,000. Hedge funds and other 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: Investors purchased 6,430 call options on Thursday, 47% above the typical volume of 4,360 contracts. The activity may indicate increased speculative interest in a potential rebound, although options flow does not guarantee buying in the underlying stock.
• Neutral Sentiment: A Zacks article identified Alaska Air Group among transportation stocks that could beat quarterly earnings expectations based on its Earnings ESP model. However, the item did not provide a specific earnings-beat forecast or new company fundamentals. Zacks transportation stocks earnings article
• Negative Sentiment: Zacks Research reduced estimates across several periods. Its Q3 2026 EPS forecast fell sharply to $0.37 from $0.91, while FY2026 estimates moved to a loss of $2.21 per share from a loss of $1.54. Forecasts also declined for FY2027, to $5.65 from $6.20, and FY2028, to $9.39 from $9.99. These revisions suggest weaker near-term profitability and lower long-term earnings expectations.
• Negative Sentiment: Susquehanna lowered its price target for Alaska Air Group, adding valuation pressure and signaling reduced confidence in the stock’s upside. Susquehanna lowers Alaska Air Group price target
• Negative Sentiment: Citi maintained its Sell rating on ALK, reinforcing the bearish analyst consensus. Citi maintains Sell rating on Alaska Air Group

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.