Alaska Air Group (NYSE:ALK) Price Target Cut to $60.00 by Analysts at UBS Group

Alaska Air Group (NYSE:ALK) had its price target decreased by research analysts at UBS Group from $77.00 to $60.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective suggests a potential upside of 55.78% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Cantor Fitzgerald set a $63.00 price objective on shares of Alaska Air Group in a research report on Friday, January 30th. Barclays reiterated an “overweight” rating and set a $70.00 target price (up from $60.00) on shares of Alaska Air Group in a report on Monday, January 12th. Weiss Ratings upgraded Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. Susquehanna upped their price objective on Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a research report on Friday, January 9th. Finally, Citigroup reiterated a “buy” rating and set a $69.00 price objective (up from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.80.

Alaska Air Group Stock Up 1.4%

NYSE ALK traded up $0.52 during trading hours on Monday, reaching $38.52. 4,458,021 shares of the company’s stock were exchanged, compared to its average volume of 3,946,867. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.50. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 44.27, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16. The company’s 50-day moving average is $50.83 and its two-hundred day moving average is $50.03. Alaska Air Group has a one year low of $37.40 and a one year high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.32. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. On average, analysts forecast that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Kyle B. Levine sold 2,945 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $60.02, for a total value of $176,758.90. Following the sale, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This represents a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $56.63, for a total transaction of $311,465.00. Following the completion of the sale, the executive vice president owned 30,828 shares of the company’s stock, valued at $1,745,789.64. This trade represents a 15.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,945 shares of company stock worth $3,204,569 over the last quarter. 0.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

A number of institutional investors have recently bought and sold shares of the business. Hsbc Holdings PLC boosted its stake in shares of Alaska Air Group by 144.3% during the 4th quarter. Hsbc Holdings PLC now owns 84,257 shares of the transportation company’s stock worth $4,234,000 after acquiring an additional 49,762 shares during the period. Pacer Advisors Inc. raised its stake in Alaska Air Group by 38.4% in the 4th quarter. Pacer Advisors Inc. now owns 21,024 shares of the transportation company’s stock valued at $1,058,000 after acquiring an additional 5,834 shares during the period. Kera Capital Partners Inc. lifted its holdings in Alaska Air Group by 15.1% during the 4th quarter. Kera Capital Partners Inc. now owns 4,746 shares of the transportation company’s stock valued at $241,000 after purchasing an additional 624 shares during the last quarter. Invesco Ltd. lifted its holdings in Alaska Air Group by 18.7% during the 4th quarter. Invesco Ltd. now owns 973,636 shares of the transportation company’s stock valued at $48,974,000 after purchasing an additional 153,340 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Alaska Air Group by 205.0% during the fourth quarter. Corient Private Wealth LLC now owns 100,998 shares of the transportation company’s stock worth $5,080,000 after purchasing an additional 67,882 shares during the period. Institutional investors and hedge funds 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.