Weiss Ratings Reaffirms Hold (C) Rating for Alaska Air Group (NYSE:ALK)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Alaska Air Group (NYSE: ALK) amid diverse evaluations from other analysts.
• Alaska Air Group's stock has a current market capitalization of $5.69 billion and has seen notable trading activity, with a recent price of $49.39.
• Thirteen investment analysts have given Alaska Air Group a Buy rating, with an average target price of $71.62 for the stock.

Alaska Air Group (NYSE:ALK - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also weighed in on ALK. Raymond James Financial set a $68.00 price objective on shares of Alaska Air Group and gave the company an "outperform" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Barclays upped their target price on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Evercore ISI lowered their target price on shares of Alaska Air Group from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, September 16th. Finally, UBS Group upgraded shares of Alaska Air Group from a "neutral" rating to a "buy" rating and upped their target price for the stock from $56.00 to $90.00 in a report on Friday, September 12th. Thirteen investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Alaska Air Group currently has an average rating of "Moderate Buy" and an average target price of $71.62.

Alaska Air Group Trading Up 0.8%

ALK traded up $0.39 during trading on Wednesday, reaching $49.39. 782,794 shares of the stock traded hands, compared to its average volume of 3,114,339. 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 stock has a market capitalization of $5.69 billion, a PE ratio of 20.05, a P/E/G ratio of 0.56 and a beta of 1.40. The stock's 50-day moving average is $56.47 and its 200 day moving average is $51.92. Alaska Air Group has a 12 month low of $39.79 and a 12 month high of $78.08.

Alaska Air Group (NYSE:ALK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.65 billion. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The business's quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior 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. Equities analysts anticipate that Alaska Air Group will post 6.03 earnings per share for the current year.

Insider Activity

In related news, CFO Shane R. Tackett sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the transaction, the chief financial officer directly owned 43,335 shares of the company's stock, valued at approximately $2,472,695.10. This trade represents a 10.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm'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 transaction of $404,472.00. Following the completion of the transaction, the executive vice president directly owned 18,930 shares of the company's stock, valued at approximately $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. Company insiders own 0.92% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALK. Brighton Jones LLC boosted its holdings in Alaska Air Group by 2,046.4% in 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. Merit Financial Group LLC boosted its holdings in Alaska Air Group by 28.8% in the 1st quarter. Merit Financial Group LLC now owns 9,513 shares of the transportation company's stock worth $468,000 after buying an additional 2,128 shares during the period. UMB Bank n.a. boosted its holdings in Alaska Air Group by 459.1% in the 1st quarter. UMB Bank n.a. now owns 1,297 shares of the transportation company's stock valued at $64,000 after purchasing an additional 1,065 shares during the period. Farther Finance Advisors LLC boosted its holdings in Alaska Air Group by 28.8% in the 1st quarter. Farther Finance Advisors LLC now owns 5,643 shares of the transportation company's stock valued at $277,000 after purchasing an additional 1,261 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Alaska Air Group by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 4,033 shares of the transportation company's stock valued at $199,000 after purchasing an additional 571 shares during the period. 81.90% of the stock is owned by institutional investors.

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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