Alaska Air Group, Inc. (NYSE:ALK) Stock Has Average Price Target of $60.27

Shares of Alaska Air Group, Inc. (NYSE:ALK) have been given an average rating of “Moderate Buy” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $59.31.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a research report on Friday. TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a report on Wednesday, September 23rd. Cantor Fitzgerald set a $46.00 price objective on shares of Alaska Air Group in a research note on Monday, August 24th. Finally, Bank of America upped their target price on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st.

Insiders Place Their Bets

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president directly owned 25,528 shares of the company’s stock, valued at approximately $1,267,975.76. This represents a 17.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Benito Minicucci acquired 25,000 shares of Alaska Air Group stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the transaction, the chief executive officer owned 256,582 shares in the company, valued at approximately $10,278,674.92. This represents a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Alaska Air Group

A number of large investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its holdings in shares of Alaska Air Group by 10.1% during the second quarter. QRG Capital Management Inc. now owns 6,727 shares of the transportation company’s stock valued at $351,000 after purchasing an additional 617 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $247,000. Capstone Financial Advisors Inc. increased its stake in Alaska Air Group by 4.6% in the 2nd quarter. Capstone Financial Advisors Inc. now owns 30,206 shares of the transportation company’s stock worth $1,577,000 after purchasing an additional 1,339 shares in the last quarter. Engineers Gate Manager LP increased its stake in Alaska Air Group by 1,445.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock worth $4,551,000 after purchasing an additional 81,545 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Alaska Air Group by 29.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,134 shares of the transportation company’s stock worth $1,677,000 after buying an additional 7,391 shares during the period. 81.90% of the stock is currently owned by institutional investors.

Alaska Air Group Trading Down 3.1%

Shares of ALK stock opened at $39.68 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $60.63. The stock has a fifty day moving average of $43.72 and a two-hundred day moving average of $43.23. The firm has a market capitalization of $4.42 billion, a PE ratio of -25.27 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the business posted $1.42 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, research analysts expect that Alaska Air Group will post -1.86 EPS for the current year.

About Alaska Air Group

Alaska Air Group, Inc is an airline holding company whose principal subsidiaries include Alaska Airlines, Hawaiian Airlines and regional carrier Horizon Air. The company provides scheduled passenger and air cargo transportation, along with related services such as aircraft maintenance and ground handling through affiliated businesses.

Alaska Airlines serves destinations throughout the United States, Canada, Mexico, Costa Rica and other parts of North America, while Hawaiian Airlines connects the Hawaiian Islands with the U.S.