Alaska Air Group, Inc. (NYSE:ALK) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Alaska Air Group, Inc. has received a consensus rating of "Buy" from thirteen analysts, with an average target price of $71.15 for the stock.
• The company's recent earnings report showed $1.78 EPS, surpassing estimates by $0.22, with a revenue increase of 27.9% year-over-year.
• Several brokerages have raised their price objectives for Alaska Air Group, with notable increases from JPMorgan ($73 to $96) and UBS ($56 to $90).

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have been given an average rating of "Buy" by the thirteen analysts that are presently covering the company, Marketbeat reports. Thirteen analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $71.1538.

Several brokerages have recently commented on ALK. Susquehanna upped their target price on Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday. Raymond James Financial raised Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a research note on Monday, August 25th. UBS Group raised Alaska Air Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $56.00 to $90.00 in a research note on Friday. Finally, Barclays increased their price objective on Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th.

Alaska Air Group Trading Down 6.7%

Shares of NYSE ALK opened at $59.14 on Tuesday. Alaska Air Group has a 12 month low of $39.10 and a 12 month high of $78.08. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 0.69 and a beta of 1.45. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $56.49 and a 200-day simple moving average of $52.43.

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

Insider Transactions at Alaska Air Group

In other news, SVP Kyle B. Levine sold 5,914 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $57.75, for a total transaction of $341,533.50. Following the completion of the sale, the senior vice president directly owned 20,917 shares of the company's stock, valued at $1,207,956.75. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $53.22, for a total value of $404,472.00. Following the sale, the executive vice president directly owned 18,930 shares of the company's stock, valued at $1,007,454.60. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,514 shares of company stock valued at $1,031,306 in the last three months. Corporate insiders own 0.92% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ALK. Brooklyn Investment Group increased its holdings in shares of Alaska Air Group by 41.1% during the 1st quarter. Brooklyn Investment Group now owns 632 shares of the transportation company's stock valued at $31,000 after acquiring an additional 184 shares during the last quarter. MAI Capital Management grew its holdings in Alaska Air Group by 80.5% in the 2nd quarter. MAI Capital Management now owns 628 shares of the transportation company's stock valued at $31,000 after buying an additional 280 shares during the last quarter. Perkins Coie Trust Co grew its holdings in Alaska Air Group by 125.7% in the 1st quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company's stock valued at $33,000 after buying an additional 377 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in Alaska Air Group in the 4th quarter valued at approximately $38,000. Finally, Rexford Capital Inc. acquired a new stake in Alaska Air Group in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds 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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