Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) has been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $65.6538.
Several brokerages recently commented on ALK. TD Cowen reiterated a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Bank of America lifted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. BMO Capital Markets boosted their price objective on Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Thursday.
Read Our Latest Research Report on Alaska Air Group
More Alaska Air Group News
- Positive Sentiment: Zacks raised its Q3 2026 EPS forecast to $0.91 from $0.40 and changed its Q4 2026 outlook to a profit of $0.15 per share from a projected loss of $0.38. These upgrades improve the near-term earnings picture for Alaska Air Group and may support investor sentiment.
- Positive Sentiment: The firm also increased its FY2026 EPS forecast to a loss of $1.54 from a loss of $2.54, indicating expectations for materially better results even though the company is still projected to remain unprofitable for the year.
- Positive Sentiment: Longer-term estimates were raised for Q4 2027, Q1 2028 and Q2 2028 to $1.80, $2.60 and $2.17 per share, respectively. Zacks also lifted its FY2028 forecast to $9.99 EPS from $9.75, pointing to an improved earnings-recovery trajectory.
- Neutral Sentiment: Zacks continues to rate Alaska Air Group “Hold.” Its forecasts imply a potentially strong recovery, including projected FY2027 earnings of $6.20 per share, but the current-year loss outlook and the lack of a bullish rating limit the positive signal.
- Negative Sentiment: Some estimates were reduced: Q1 2027 EPS fell to $0.52 from $0.74, Q3 2027 EPS declined to $1.94 from $2.34, and FY2027 EPS edged down to $6.20 from $6.31. These cuts suggest analysts see uneven quarterly performance during the recovery.
Insider Buying and Selling
In other news, EVP Andrew R. Harrison sold 5,300 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 25,528 shares in the company, valued at $1,267,975.76. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Alaska Air Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Alaska Air Group during the 2nd quarter valued at $606,307,000. Capital Research Global Investors grew its position in 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 purchasing an additional 1,475,350 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Alaska Air Group by 19,661.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after purchasing an additional 1,229,647 shares during the period. Jain Global LLC bought a new position in shares of Alaska Air Group during the 4th quarter worth about $53,683,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Alaska Air Group by 1,563.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after purchasing an additional 1,026,710 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.
Alaska Air Group Trading Up 0.2%
Shares of ALK stock opened at $47.45 on Friday. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88. The company has a market cap of $5.29 billion, a PE ratio of -30.22 and a beta of 1.29. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.58. The business’s 50 day moving average is $48.33 and its two-hundred day moving average is $45.76.
Alaska Air Group (NYSE:ALK – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. Alaska Air Group’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities analysts predict that Alaska Air Group will post -0.9 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.
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