Alaska Air Group (NYSE:ALK) Shares Up 10.1% – Still a Buy?

Posted by Brenda Bartman on May 20th, 2026

Alaska Air Group, Inc. (NYSE:ALK – Get Free Report)’s share price shot up 10.1% during mid-day trading on Wednesday . The stock traded as high as $39.43 and last traded at $39.8580. 1,634,972 shares changed hands during trading, a decline of 61% from the average session volume of 4,160,029 shares. The stock had previously closed at $36.21.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALK. Wall Street Zen lowered shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 14th. Bank of America decreased their price target on shares of Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Cantor Fitzgerald set a $63.00 price target on shares of Alaska Air Group in a report on Friday, January 30th. Evercore set a $60.00 price target on shares of Alaska Air Group in a report on Friday, April 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $54.00 price target (up from $53.00) on shares of Alaska Air Group in a report on Wednesday, April 15th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.85.

View Our Latest Stock Report on Alaska Air Group

Alaska Air Group Stock Up 10.5%

The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.39 and a current ratio of 0.43. The stock has a market capitalization of $4.46 billion, a P/E ratio of 75.63 and a beta of 1.25. The stock’s fifty day simple moving average is $39.31 and its two-hundred day simple moving average is $45.50.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its 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 business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.77) earnings per share. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. As a group, research analysts expect that Alaska Air Group, Inc. will post -1.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in shares of Alaska Air Group in the 4th quarter worth approximately $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter worth approximately $28,000. AlphaQuest LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter worth approximately $34,000. First Command Advisory Services Inc. lifted its position in shares of Alaska Air Group by 242.5% in the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Alaska Air Group by 43.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

About Alaska Air Group

(Get Free Report)

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.