Alaska Air Group (NYSE:ALK) Price Target Lowered to $37.00 at Citigroup

Alaska Air Group (NYSE:ALK) had its price objective decreased by stock analysts at Citigroup from $47.00 to $37.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the transportation company’s stock. Citigroup’s price objective points to a potential downside of 17.31% from the stock’s current price.

ALK has been the subject of a number of other reports. Weiss Ratings cut shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. UBS Group reiterated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Finally, Wall Street Zen lowered Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alaska Air Group currently has a consensus rating of “Moderate Buy” and an average price target of $65.96.

Alaska Air Group Stock Performance

NYSE:ALK opened at $44.75 on Friday. The stock’s fifty day moving average is $46.34 and its 200 day moving average is $45.85. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88. The firm has a market capitalization of $4.99 billion, a PE ratio of -28.50 and a beta of 1.28. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.39 and a current ratio of 0.55.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $1.42 earnings per share. Alaska Air Group’s quarterly revenue 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. On average, sell-side analysts anticipate that Alaska Air Group will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALK. Vanguard Group Inc. raised its holdings in shares of Alaska Air Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock valued at $556,288,000 after purchasing an additional 110,628 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Alaska Air Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock worth $233,463,000 after acquiring an additional 145,484 shares in the last quarter. Capital Research Global Investors raised its position in shares of Alaska Air Group by 86.8% in the 4th 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 in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Alaska Air Group by 24.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after purchasing an additional 588,119 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Alaska Air Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock valued at $108,166,000 after buying an additional 35,352 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

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.