Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Alaska Air Group, with 11 buy ratings, one hold and two sells. The average 12-month price target is approximately $65.65, above the reported share price of $50.66.
• Alaska Air Group reported quarterly EPS of -$0.92, beating the consensus estimate of -$0.99, while revenue rose 9.7% year over year to $4.07 billion, slightly below expectations.
• Institutional investors own approximately 81.9% of the company, with several funds increasing their positions recently. Separately, an executive vice president sold 5,300 shares for about $263,000.

Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $65.6538.

Several research firms recently commented on ALK. TD Cowen reissued a "buy" rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. JPMorgan Chase & Co. decreased their target price on shares of Alaska Air Group from $94.00 to $92.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. UBS Group reiterated a "buy" rating and set a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Bank of America boosted their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings upgraded Alaska Air Group from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,300 shares of the 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 sale, the executive vice president directly owned 25,528 shares in the company, valued at approximately $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 accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALK. Brighton Jones LLC boosted its position in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock valued at $6,276,000 after buying an additional 92,416 shares during the last quarter. Empowered Funds LLC raised its position in Alaska Air Group by 60.2% in the 1st quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company's stock worth $316,000 after buying an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Alaska Air Group by 81.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company's stock valued at $16,747,000 after acquiring an additional 152,953 shares during the period. Intech Investment Management LLC bought a new position in Alaska Air Group during the 1st quarter valued at about $1,318,000. Finally, Invesco Ltd. boosted its holdings in shares of Alaska Air Group by 2.7% during the 2nd quarter. Invesco Ltd. now owns 357,520 shares of the transportation company's stock valued at $17,690,000 after acquiring an additional 9,307 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Shares of ALK opened at $50.66 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. The company has a 50-day simple moving average of $47.90 and a two-hundred day simple moving average of $45.80. The firm has a market capitalization of $5.64 billion, a PE ratio of -32.26 and a beta of 1.29.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its earnings results 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. 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 quarter in the prior year, the business earned $1.42 EPS. The business's revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. On average, analysts anticipate that Alaska Air Group will post -0.73 EPS for the current fiscal 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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