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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 1 hold rating, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALK shares.
View ALK analyst ratings or view top-rated stocks.

10 analysts have issued 12 month price targets for Alaska Air Group's stock. Their ALK share price forecasts range from $58.00 to $75.00. On average, they expect the company's share price to reach $65.03 in the next year. This suggests a possible upside of 78.6% from the stock's current price.
View analysts price targets for ALK or view top-rated stocks among Wall Street analysts.

Alaska Air Group's stock was trading at $42.94 on January 1st, 2023. Since then, ALK stock has decreased by 15.2% and is now trading at $36.41.
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Alaska Air Group saw a decline in short interest in September. As of September 15th, there was short interest totaling 3,760,000 shares, a decline of 7.2% from the August 31st total of 4,050,000 shares. Based on an average daily volume of 1,810,000 shares, the days-to-cover ratio is presently 2.1 days.
View Alaska Air Group's Short Interest.

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) posted its quarterly earnings results on Tuesday, July, 25th. The transportation company reported $3.00 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.29. The transportation company had revenue of $2.84 billion for the quarter, compared to analysts' expectations 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%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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 shares 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 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 (EPS) 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."

Alaska Air Group's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (6.28%), BlackRock Inc. (6.25%), Dimensional Fund Advisors LP (3.34%), State Street Corp (3.23%), LSV Asset Management (2.68%) and Boston Partners (2.21%). 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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One share of ALK stock can currently be purchased for approximately $36.41.

Alaska Air Group (NYSE:ALK) has a market capitalization of $4.63 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.