Alaska Air Group, Inc. (NYSE:ALK) Receives Average Rating of "Moderate Buy" from 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 $61.88, well above the reported $41.29 opening price.
• Alaska Air Group reported a quarterly loss of $0.92 per share, but it beat the consensus estimate of a $0.99 loss. Revenue rose 9.7% year over year to $4.07 billion, slightly below analysts’ expectations.
• CEO Benito Minicucci purchased 25,000 shares for about $1 million, while an executive vice president sold 5,300 shares. Institutional investors own a substantial 81.9% of the company’s outstanding stock.

Shares of Alaska Air Group, Inc. (NYSE:ALK - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.8846.

ALK has been the subject of several research reports. BMO Capital Markets raised their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the stock an "outperform" rating in a research note on Thursday, July 2nd. Raymond James Financial reissued an "outperform" rating and issued a $52.00 price objective (down from $60.00) on shares of Alaska Air Group in a research report on Monday, August 24th. Bank of America increased their target price on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $69.00 target price (up from $58.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Finally, Cantor Fitzgerald set a $46.00 price target on shares of Alaska Air Group in a research note on Monday, August 24th.

Insider Activity

In related news, CEO Benito Minicucci bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,001,500.00. Following the completion of the acquisition, the chief executive officer owned 256,582 shares of the company's stock, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew R. Harrison sold 5,300 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the transaction, the executive vice president directly owned 25,528 shares of the company's stock, valued at $1,267,975.76. This trade represents a 17.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP raised its stake in shares of Alaska Air Group by 44.3% during the 2nd quarter. Corient Private Wealth LP now owns 19,717 shares of the transportation company's stock worth $1,029,000 after purchasing an additional 6,054 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Alaska Air Group by 4,667.8% in the second quarter. California State Teachers Retirement System now owns 2,149,700 shares of the transportation company's stock valued at $112,214,000 after buying an additional 2,104,612 shares in the last quarter. Aspire Capital Advisors LLC grew its stake in shares of Alaska Air Group by 4.2% in the second quarter. Aspire Capital Advisors LLC now owns 9,397 shares of the transportation company's stock valued at $491,000 after buying an additional 375 shares in the last quarter. Fortitude Advisory Group L.L.C. acquired a new position in Alaska Air Group during the second quarter worth $227,000. Finally, AlphaGrep UK Ltd acquired a new position in Alaska Air Group during the second quarter worth $295,000. Institutional investors and hedge funds own 81.90% of the company's stock.

Alaska Air Group Stock Performance

Shares of Alaska Air Group stock opened at $41.29 on Tuesday. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of -26.30 and a beta of 1.29. The stock's 50-day moving average is $47.29 and its 200-day moving average is $44.72. Alaska Air Group has a one year low of $33.03 and a one year high of $65.88. 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 (NYSE:ALK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) 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 business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the company earned $1.42 earnings per share. Alaska Air Group's quarterly revenue 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. Equities analysts predict that Alaska Air Group will post -1.76 earnings per share for the current fiscal year.

About Alaska Air Group

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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