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

Key Points

• Alaska Air Group, Inc. has a consensus rating of "Moderate Buy" from twelve brokerages, with eleven analysts recommending to buy the stock.
• Recent price target increases by analysts include Barclays boosting the target to $60.00 and TD Cowen to $62.00.
• The company reported $1.78 earnings per share for its most recent quarter, surpassing analysts' expectations and reflecting a positive revenue growth of 27.9% year-over-year.

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $67.8333.

A number of analysts have recently issued reports on ALK shares. Barclays increased their price target on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Susquehanna increased their price target on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a "positive" rating in a research report on Tuesday, August 5th. TD Cowen increased their price target on shares of Alaska Air Group from $54.00 to $62.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Finally, UBS Group boosted their price target on Alaska Air Group from $49.00 to $56.00 and gave the company a "neutral" rating in a research note on Friday, July 25th.

Alaska Air Group Price Performance

NYSE ALK opened at $54.79 on Friday. The company has a 50 day simple moving average of $51.98 and a 200-day simple moving average of $54.09. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 0.54 and a beta of 1.45. Alaska Air Group has a 52-week low of $34.44 and a 52-week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.22. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The firm's revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.55 earnings per share. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. Equities research analysts predict that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Insider Transactions at Alaska Air Group

In related news, EVP Andrew R. Harrison sold 7,600 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the sale, the executive vice president owned 18,930 shares of the company's stock, valued at approximately $1,007,454.60. The trade was a 28.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Emily Halverson sold 2,946 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the sale, the vice president directly owned 8,253 shares of the company's stock, valued at approximately $423,709.02. The trade was a 26.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,460 shares of company stock worth $1,182,553. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Alaska Air Group

Several large investors have recently made changes to their positions in the company. State of Wyoming grew its stake in shares of Alaska Air Group by 102.1% in the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company's stock valued at $186,000 after buying an additional 1,900 shares in the last quarter. Semper Augustus Investments Group LLC boosted its position in Alaska Air Group by 7.9% during the second quarter. Semper Augustus Investments Group LLC now owns 372,013 shares of the transportation company's stock worth $18,407,000 after purchasing an additional 27,179 shares during the period. Rexford Capital Inc. bought a new stake in Alaska Air Group during the second quarter worth approximately $49,000. Auxier Asset Management boosted its position in Alaska Air Group by 5.3% during the second quarter. Auxier Asset Management now owns 8,005 shares of the transportation company's stock worth $396,000 after purchasing an additional 400 shares during the period. Finally, Captrust Financial Advisors boosted its position in Alaska Air Group by 59.6% during the second quarter. Captrust Financial Advisors now owns 19,191 shares of the transportation company's stock worth $950,000 after purchasing an additional 7,164 shares during the period. Institutional investors own 81.90% of the company's stock.

About Alaska Air Group

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.

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