Alaska Air Group Stock Price, News & Analysis (NYSE:ALK)

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 1 hold rating, 6 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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8 brokers have issued twelve-month target prices for Alaska Air Group's stock. Their ALK share price targets range from $41.00 to $70.00. On average, they anticipate the company's stock price to reach $58.91 in the next year. This suggests a possible upside of 48.3% from the stock's current price.
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Alaska Air Group's stock was trading at $42.94 on January 1st, 2023. Since then, ALK stock has decreased by 7.5% and is now trading at $39.73.
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Alaska Air Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,070,000 shares, an increase of 15.2% from the October 31st total of 4,400,000 shares. Based on an average daily volume of 2,200,000 shares, the short-interest ratio is presently 2.3 days.
View Alaska Air Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
View our ALK earnings forecast.

Alaska Air Group, Inc. (NYSE:ALK) posted its quarterly earnings results on Thursday, October, 19th. The transportation company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.87 by $0.04. The transportation company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.87 billion. Alaska Air Group had a trailing twelve-month return on equity of 17.06% and a net margin of 2.50%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.53 earnings per share.
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Alaska Air Group (NYSE:ALK) pays an annual dividend of $1.50 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALK will have a dividend payout ratio of 30.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALK.

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).

Shares of Alaska Air Group split 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 market closes 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 fourth quarter 2023 earnings guidance on Thursday, October, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.50 billion-$2.58 billion, compared to the consensus revenue estimate of $2.59 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (6.27%), Primecap Management Co. CA (3.03%), Invesco Ltd. (2.69%), LSV Asset Management (2.68%), Morgan Stanley (2.02%) and Wellington Management Group LLP (1.99%). Insiders that own company stock include Andrea L Schneider, Andrea L Schneider, Andrew R Harrison, Benito Minicucci, Bradley D Tilden, Christopher Michael Berry, J Kenneth Thompson, Jessie J Knight Jr, Kyle B Levine and Shane R Tackett.
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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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