Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Alaska Air Group, Inc. (NYSE:ALK) has received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.8846.

A number of research firms have weighed in on ALK. The Goldman Sachs Group reiterated a “buy” rating and issued a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Citigroup decreased their price target on shares of 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. JPMorgan Chase & Co. lowered their price target on shares of Alaska Air Group from $94.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, July 24th. Weiss Ratings downgraded Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Finally, Raymond James Financial reissued an “outperform” rating and set a $52.00 price objective (down from $60.00) on shares of Alaska Air Group in a report on Monday, August 24th.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew Harrison sold 5,300 shares of the company’s stock in a transaction 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 owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the purchase, the chief executive officer directly owned 256,582 shares in the company, valued at $10,278,674.92. This trade represents a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALK. BlackRock Inc. bought a new stake in Alaska Air Group during the 2nd quarter valued at $606,307,000. Primecap Management Co. CA bought a new position in shares of Alaska Air Group in the second quarter worth $168,467,000. California State Teachers Retirement System boosted its holdings in shares of Alaska Air Group by 4,667.8% in the second quarter. California State Teachers Retirement System now owns 2,149,700 shares of the transportation company’s stock worth $112,214,000 after acquiring an additional 2,104,612 shares during the period. Capital Research Global Investors boosted its holdings in shares of Alaska Air Group by 86.8% in the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after acquiring an additional 1,475,350 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Alaska Air Group by 19,661.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after purchasing an additional 1,229,647 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Trading Up 0.0%

NYSE ALK opened at $42.05 on Tuesday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -26.78 and a beta of 1.28. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. The business’s fifty day moving average is $46.25 and its 200-day moving average is $44.20.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $1.42 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities research analysts predict that Alaska Air Group will post -1.74 EPS for the current year.

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.