Alaska Air Group, Inc. (ALK) – What Are Investment Firms Saying About This Stock?

Posted by Brenda Bartman on Oct 26th, 2026

Shares of Alaska Air Group, Inc. (NYSE:ALK – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating and ten have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $53.23.

Several analysts have issued reports on the company. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. TD Cowen decreased their price objective on Alaska Air Group from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. UBS Group reaffirmed a “buy” rating and set a $51.00 price objective (down from $54.00) on shares of Alaska Air Group in a research report on Friday, October 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $52.00 price objective on shares of Alaska Air Group in a research note on Thursday. Finally, Susquehanna reduced their target price on shares of Alaska Air Group from $50.00 to $43.00 and set a “positive” rating for the company in a report on Thursday.

View Our Latest Report on Alaska Air Group

Alaska Air Group Trading Down 0.0%

Shares of Alaska Air Group stock opened at $34.39 on Wednesday. Alaska Air Group has a 1-year low of $32.33 and a 1-year high of $60.63. The company’s fifty day simple moving average is $39.76 and its 200-day simple moving average is $43.16. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.46 and a quick ratio of 0.42. The stock has a market capitalization of $3.83 billion, a PE ratio of -9.80 and a beta of 1.33.

Alaska Air Group (NYSE:ALK – Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The transportation company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Alaska Air Group had a negative return on equity of 5.42% and a negative net margin of 2.58%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.31 billion. During the same quarter last year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts anticipate that Alaska Air Group will post -3.82 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Benito Minicucci purchased 25,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $40.06 per share, for a total transaction 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 $10,278,674.92. This trade represents a 10.80% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Andrew Harrison sold 5,300 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Alaska Air Group

Several large investors have recently made changes to their positions in ALK. Engineers Gate Manager LP lifted its holdings in Alaska Air Group by 1,445.3% in the 2nd quarter. Engineers Gate Manager LP now owns 87,187 shares of the transportation company’s stock worth $4,551,000 after purchasing an additional 81,545 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Alaska Air Group in the 2nd quarter worth approximately $1,407,000. Public Employees Retirement System of Ohio bought a new position in Alaska Air Group in the 2nd quarter worth approximately $2,230,000. Bank of America Corp DE purchased a new stake in Alaska Air Group during the 2nd quarter valued at approximately $32,751,000. Finally, Amundi purchased a new stake in Alaska Air Group during the 1st quarter valued at approximately $2,205,000. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

Key Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

Positive Sentiment: JPMorgan maintained an “overweight” rating and Susquehanna retained a “positive” rating, indicating that both firms see potential upside despite reducing their price targets to $74 and $43, respectively. JPMorgan analyst coverage Susquehanna analyst coverage
Neutral Sentiment: Alaska Air’s third-quarter revenue increased 14.4% year over year to $4.31 billion, but earnings per share of $0.36 missed the $0.39 consensus estimate and fell sharply from $1.05 in the prior-year quarter. The results highlight continued growth alongside deteriorating margins. Alaska Air Q3 2026 earnings call transcript
Negative Sentiment: The company issued fourth-quarter EPS guidance of a $2.50–$2.00 loss, substantially below the consensus estimate for a $1.14 loss. The wider projected loss reinforces concerns that elevated fuel expenses are overwhelming revenue growth. Alaska Air Q3 2026 financial results
Negative Sentiment: Industry conditions are also unfavorable: U.S. airlines are favoring higher fares over fuller aircraft as fuel costs squeeze profits. That environment could limit passenger demand while increasing pressure on Alaska Air’s operating margins. Reuters airline fuel-costs article
Negative Sentiment: Zacks Research downgraded Alaska Air from “hold” to “strong sell,” adding to the bearish reaction to the earnings outlook. Zacks Research rating

About Alaska Air Group

(Get Free Report)

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.

Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.