Alaska Air Group, Inc. (NYSE:ALK) Receives $62.00 Consensus PT from Brokerages

Alaska Air Group, Inc. (NYSE:ALK) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $62.00.

A number of analysts have recently weighed in on the company. UBS Group increased their price target on Alaska Air Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings cut Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. BMO Capital Markets increased their price target on Alaska Air Group from $42.50 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group dropped their price target on Alaska Air Group from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, TD Cowen reiterated a “buy” rating on shares of Alaska Air Group in a research report on Friday, June 5th.

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 the business. Parallel Advisors LLC grew its holdings 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 buying an additional 385 shares in the last quarter. Lodge Hill Capital LLC grew its holdings in Alaska Air Group by 32.7% in the 1st quarter. Lodge Hill Capital LLC now owns 507,800 shares of the transportation company’s stock worth $18,677,000 after buying an additional 125,000 shares in the last quarter. South Dakota Investment Council grew its holdings in Alaska Air Group by 9.7% in the 1st quarter. South Dakota Investment Council now owns 448,271 shares of the transportation company’s stock worth $16,487,000 after buying an additional 39,708 shares in the last quarter. Amundi bought a new position in Alaska Air Group in the 1st quarter worth approximately $2,205,000. Finally, California State Teachers Retirement System grew its holdings in Alaska Air Group by 38.2% in the 1st quarter. California State Teachers Retirement System now owns 45,088 shares of the transportation company’s stock worth $1,658,000 after buying an additional 12,453 shares in the last quarter. 81.90% of the stock is owned by institutional investors.

Alaska Air Group Stock Down 0.7%

Shares of Alaska Air Group stock opened at $48.92 on Thursday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 1.29. The business’s 50 day simple moving average is $42.44 and its 200-day simple moving average is $46.12. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 92.31 and a beta of 1.29. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly 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). The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities research analysts forecast that Alaska Air Group will post -0.72 earnings per share for the current 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.