Alaska Air Group (NYSE:ALK) Price Target Cut to $65.00 by Analysts at Evercore ISI

Key Points

• Alaska Air Group's price target has been reduced by Evercore ISI from $70.00 to $65.00, while maintaining an "outperform" rating, indicating a potential upside of 14.16% from its previous close.
• Thirteen analysts currently rate Alaska Air Group stock as a "Buy," with an average consensus price target of $71.92, reflecting growing confidence among investment professionals.
• Shares of Alaska Air Group have seen a decline, trading down 3.7% to $56.94, with recent insider selling patterns showing a decrease in ownership among key executives.

Alaska Air Group (NYSE:ALK - Get Free Report) had its price objective dropped by research analysts at Evercore ISI from $70.00 to $65.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Evercore ISI's target price points to a potential upside of 14.16% from the company's previous close.

Several other equities analysts have also recently weighed in on ALK. UBS Group raised Alaska Air Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $56.00 to $90.00 in a research note on Friday. Susquehanna boosted their price objective on shares of Alaska Air Group from $50.00 to $60.00 and gave the company a "positive" rating in a research report on Tuesday, August 5th. Barclays increased their target price 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. Raymond James Financial upgraded shares of Alaska Air Group from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a report on Monday, August 25th. Finally, 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 report on Friday. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat, Alaska Air Group presently has an average rating of "Buy" and a consensus price target of $71.92.

Alaska Air Group Trading Down 3.7%

Shares of Alaska Air Group stock traded down $2.19 on Tuesday, reaching $56.94. 700,300 shares of the company were exchanged, compared to its average volume of 3,093,432. The stock has a fifty day moving average price of $56.49 and a 200-day moving average price of $52.43. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 23.19, a price-to-earnings-growth ratio of 0.69 and a beta of 1.45. Alaska Air Group has a fifty-two week low of $39.10 and a fifty-two week high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last released its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $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. On average, analysts expect that Alaska Air Group will post 6.03 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In related news, SVP Kyle B. Levine sold 5,914 shares of Alaska Air Group stock in a transaction on 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. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 7,600 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $53.22, for a total value of $404,472.00. Following the completion of the transaction, the executive vice president directly owned 18,930 shares in the company, valued at $1,007,454.60. The trade was a 28.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,514 shares of company stock valued at $1,031,306. 0.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently made changes to their positions in ALK. Brighton Jones LLC raised its stake in Alaska Air Group by 2,046.4% during the 4th quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company's stock worth $6,276,000 after buying an additional 92,416 shares during the period. Deutsche Bank AG lifted its holdings in shares of Alaska Air Group by 6.5% during the 4th quarter. Deutsche Bank AG now owns 46,882 shares of the transportation company's stock valued at $3,036,000 after purchasing an additional 2,849 shares in the last quarter. Vident Advisory LLC grew its position in shares of Alaska Air Group by 10.7% in the 4th quarter. Vident Advisory LLC now owns 5,817 shares of the transportation company's stock valued at $377,000 after purchasing an additional 562 shares during the period. Voloridge Investment Management LLC increased its stake in Alaska Air Group by 22.1% during the 4th quarter. Voloridge Investment Management LLC now owns 973,956 shares of the transportation company's stock worth $63,064,000 after purchasing an additional 176,576 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alaska Air Group by 12.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 187,305 shares of the transportation company's stock worth $12,128,000 after buying an additional 21,326 shares during the period. 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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