BMO Capital Markets Issues Positive Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective raised by BMO Capital Markets from $55.00 to $62.50 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective points to a potential upside of 22.24% from the stock’s current price.

A number of other brokerages have also recently commented on ALK. Susquehanna reduced their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research upgraded Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. UBS Group reissued a “buy” rating and set a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Morgan Stanley lowered their price objective on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.58.

Alaska Air Group Trading Down 0.2%

ALK traded down $0.12 during trading on Thursday, hitting $51.13. 751,135 shares of the company’s stock were exchanged, compared to its average volume of 3,996,744. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $65.88. The stock has a 50 day moving average price of $43.81 and a 200 day moving average price of $46.25. The firm has a market cap of $5.70 billion, a P/E ratio of 96.45 and a beta of 1.29. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29.

Alaska Air Group (NYSE:ALK) last issued its 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). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the business posted ($0.77) EPS. The business’s revenue was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, analysts expect that Alaska Air Group will post -0.7 EPS for the current fiscal year.

Institutional Trading of Alaska Air Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ALK. Atlas Capital Advisors Inc. acquired a new position in Alaska Air Group during the 4th quarter worth $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in Alaska Air Group in the third quarter worth about $28,000. First Command Advisory Services Inc. grew its stake in Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Alaska Air Group by 30.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after buying an additional 212 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Alaska Air Group by 32.5% in the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock valued at $58,000 after buying an additional 385 shares during the last quarter. Institutional investors own 81.90% of the company’s stock.

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.