Alaska Air Group (ALK) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last twelve months. There are currently 1 hold rating, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALK shares.
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10 brokers have issued twelve-month target prices for Alaska Air Group's stock. Their ALK share price forecasts range from $58.00 to $70.00. On average, they predict the company's share price to reach $64.53 in the next year. This suggests a possible upside of 80.2% from the stock's current price.
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Alaska Air Group's stock was trading at $42.94 at the beginning of the year. Since then, ALK shares have decreased by 16.6% and is now trading at $35.80.
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Alaska Air Group saw a decrease in short interest in September. As of September 15th, there was short interest totaling 3,760,000 shares, a decrease of 7.2% from the August 31st total of 4,050,000 shares. Based on an average daily trading volume, of 1,810,000 shares, the days-to-cover ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our ALK earnings forecast.

Alaska Air Group, Inc. (NYSE:ALK) issued its earnings results on Tuesday, July, 25th. The transportation company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.71 by $0.29. The transportation company earned $2.84 billion during the quarter, compared to analyst estimates of $2.77 billion. Alaska Air Group had a net margin of 1.55% and a trailing twelve-month return on equity of 19.66%. Alaska Air Group's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.19 EPS.
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ETFs with the largest weight of Alaska Air Group (NYSE:ALK) stock in their portfolio include U.S. Global Jets ETF (JETS), American Customer Satisfaction ETF (ACSI), Invesco Leisure and Entertainment ETF (PEJ), iShares Focused Value Factor ETF (FOVL), SPDR S&P Transportation ETF (XTN), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Invesco S&P 500 Pure Value ETF (RPV) and iShares U.S. Transportation ETF (IYT).

Alaska Air Group's stock split before market open on Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly created shares were distributed to shareholders after the closing bell on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Alaska Air Group issued an update on its third quarter 2023 earnings guidance on Wednesday, September, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.86 billion-$2.88 billion, compared to the consensus revenue estimate of $2.88 billion.

391 employees have rated Alaska Air Group Chief Executive Officer Bradley D. Tilden on Glassdoor.com. Bradley D. Tilden has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alaska Air Group investors own include Delta Air Lines (DAL), Southwest Airlines (LUV), NVIDIA (NVDA), Walt Disney (DIS), Bank of America (BAC), Boeing (BA), Gilead Sciences (GILD), CVS Health (CVS), Intel (INTC) and Netflix (NFLX).

Alaska Air Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALK."

Shares of ALK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALK stock can currently be purchased for approximately $35.80.

Alaska Air Group (NYSE:ALK) has a market capitalization of $4.55 billion and generates $9.65 billion in revenue each year. The transportation company earns $58 million in net income (profit) each year or $1.23 on an earnings per share basis.

The company employs 25,469 workers across the globe.

Alaska Air Group's mailing address is 19300 INTERNATIONAL BOULEVARD, SEATTLE WA, 98188. The official website for the company is www.alaskaair.com. The transportation company can be reached via phone at (206) 392-5040, via email at lavanya.sareen@alaskaair.com, or via fax at 302-636-5454.