Alaska Air Group (NYSE:ALK – Get Free Report) had its price target lowered by equities researchers at UBS Group from $56.00 to $52.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s target price points to a potential upside of 29.93% from the stock’s previous close.
ALK has been the topic of several other reports. Cantor Fitzgerald set a $46.00 target price on shares of Alaska Air Group in a research report on Monday, August 24th. Wall Street Zen upgraded shares of Alaska Air Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 13th. TD Cowen reissued a “buy” rating and set a $46.00 price objective (down from $59.00) on shares of Alaska Air Group in a report on Monday, August 24th. BMO Capital Markets upped their target price on shares of 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, Bank of America upped their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.12.
Check Out Our Latest Stock Analysis on Alaska Air Group
Alaska Air Group Stock Performance
Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $1.42 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Alaska Air Group will post -1.74 EPS for the current year.
Insider Activity
In other news, EVP Andrew R. Harrison sold 5,300 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 of the company’s stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Benito Minicucci acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the completion of the transaction, the chief executive officer directly owned 256,582 shares in the company, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Alaska Air Group
Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Alaska Air Group during the 2nd quarter valued at $606,307,000. Dimensional Fund Advisors LP raised its holdings in shares of Alaska Air Group by 2.3% in the first 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 during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Alaska Air Group in the second quarter valued at $168,467,000. Capital Research Global Investors boosted its stake in shares of Alaska Air Group by 86.8% during the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after acquiring an additional 1,475,350 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Alaska Air Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock worth $108,166,000 after purchasing an additional 35,352 shares in the last quarter. 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.
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