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

$37.50
-0.65 (-1.70%)
(As of 09/22/2023 ET)
Compare
Today's Range
$37.35
$38.30
50-Day Range
$37.50
$54.43
52-Week Range
$37.19
$57.18
Volume
1.75 million shs
Average Volume
1.65 million shs
Market Capitalization
$4.77 billion
P/E Ratio
30.49
Dividend Yield
N/A
Price Target
$65.03

Alaska Air Group MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
73.4% Upside
$65.03 Price Target
Short Interest
Healthy
3.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-5.64
Upright™ Environmental Score
News Sentiment
0.81mentions of Alaska Air Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.78%
From $6.03 to $6.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Transportation Sector

29th out of 110 stocks

Air Transportation, Scheduled Industry

6th out of 17 stocks


ALK stock logo

About Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group, Inc., through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing and Airbus jet aircraft for passengers and cargo throughout the United States, and in parts of Mexico, Costa Rica, and Belize; and for passengers across a shorter distance network within the United States and Canada. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

ALK Price History

ALK Stock News Headlines

Southwest, American Descend as Delta, United in Holding Pattern (ALK)
The airline industry is grappling with soaring fuel costs, but Delta, United, and Panama's Copa are getting support at or above their 200-day moving averages.
10 Best Airline Stocks to Buy
The airline industry has seen tumultuous times over the past few years, so should you invest? Learn more about the best airline stock to buy on MarketBeat.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
American And Southwest Airlines face a major strike risk
Alaska Airlines Faces Industry Headwinds
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Alaska Air Tightens Q3 Revenue Outlook
Alaska Air tightens revenue guidance as fuel prices jump
Alaska Air narrows Q3 revenue guidance
See More Headlines
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ALK Company Calendar

Last Earnings
7/25/2023
Today
9/22/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
CUSIP
01165910
Employees
25,469
Year Founded
1932

Price Target and Rating

Average Stock Price Forecast
$65.03
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$58.00
Forecasted Upside/Downside
+73.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
10 Analysts

Profitability

Net Income
$58 million
Pretax Margin
2.19%

Debt

Sales & Book Value

Annual Sales
$9.65 billion
Cash Flow
$7.44 per share
Book Value
$30.09 per share

Miscellaneous

Free Float
126,359,000
Market Cap
$4.77 billion
Optionable
Optionable
Beta
1.55

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Key Executives

  • Mr. Benito  MinicucciMr. Benito Minicucci (Age 56)
    Pres, CEO & Director
    Comp: $2.6M
  • Mr. Shane R. TackettMr. Shane R. Tackett (Age 44)
    CFO & Exec. VP of Fin.
    Comp: $1.7M
  • Ms. Constance E. von Muehlen (Age 57)
    Exec. VP & COO of Alaska Airlines Inc
    Comp: $1.3M
  • Mr. Andrew R. HarrisonMr. Andrew R. Harrison (Age 52)
    Exec. VP & Chief Commercial Officer of Alaska Airlines Inc.
    Comp: $1.66M
  • Ms. Andrea L. SchneiderMs. Andrea L. Schneider (Age 58)
    Sr. VP of People - Alaska Airlines Inc
    Comp: $1.19M
  • Ms. Helvi Kay Sandvik (Age 65)
    Independent Director
    Comp: $105.18k
  • Ms. Emily Halverson
    VP of Fin., Controller & Principal Accounting Officer
  • Mr. Lavanya Sareen
    Managing Director of Investor Relations
  • Mr. Kyle B. LevineMr. Kyle B. Levine (Age 51)
    Chief Ethics & Compliance Officer, Sr. VP of Legal, Gen. Counsel and Corp. Sec.
  • Ms. Geni Venable
    Mang. of Corp. Communication













ALK Stock - Frequently Asked Questions

Should I buy or sell Alaska Air Group stock right now?

10 Wall Street 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 research analysts is that investors should "buy" ALK shares.
View ALK analyst ratings
or view top-rated stocks.

What is Alaska Air Group's stock price forecast for 2023?

10 brokerages have issued twelve-month target prices 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 stock price to reach $65.03 in the next twelve months. This suggests a possible upside of 73.4% from the stock's current price.
View analysts price targets for ALK
or view top-rated stocks among Wall Street analysts.

How have ALK shares performed in 2023?

Alaska Air Group's stock was trading at $42.94 at the beginning of the year. Since then, ALK shares have decreased by 12.7% and is now trading at $37.50.
View the best growth stocks for 2023 here
.

Are investors shorting Alaska Air Group?

Alaska Air Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 4,050,000 shares, a drop of 7.7% from the August 15th total of 4,390,000 shares. Based on an average daily trading volume, of 1,780,000 shares, the short-interest ratio is presently 2.3 days.
View Alaska Air Group's Short Interest
.

When is Alaska Air Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our ALK earnings forecast
.

How were Alaska Air Group's earnings last quarter?

Alaska Air Group, Inc. (NYSE:ALK) released its quarterly earnings results on Tuesday, July, 25th. The transportation company reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.29. The transportation company earned $2.84 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $2.19 earnings per share.
Read the conference call transcript
.

When did Alaska Air Group's stock split?

Alaska Air Group shares split before market open on Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly minted shares were payable 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.

What guidance has Alaska Air Group issued on next quarter's earnings?

Alaska Air Group updated 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.

What is Bradley D. Tilden's approval rating as Alaska Air Group's CEO?

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.

What other stocks do shareholders of Alaska Air Group own?

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).

What is Alaska Air Group's stock symbol?

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

Who are Alaska Air Group's major shareholders?

Alaska Air Group's stock is owned by a variety of retail and institutional 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.
View institutional ownership trends
.

How do I buy shares of Alaska Air Group?

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.
Compare Top Brokerages Here.

What is Alaska Air Group's stock price today?

One share of ALK stock can currently be purchased for approximately $37.50.

How much money does Alaska Air Group make?

Alaska Air Group (NYSE:ALK) has a market capitalization of $4.77 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.

How many employees does Alaska Air Group have?

The company employs 25,469 workers across the globe.

Does Alaska Air Group have any subsidiaries?
The following companies are subsidiares of Alaska Air Group: AAG Leasing Inc., AAG Real Property LLC., ASA Assurance Inc., ASA Beverages LLC., Alaska Airlines Inc., Horizon Air Industries Inc., McGee Air Services Inc., and Virgin America.
Read More
How can I contact Alaska Air Group?

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.

This page (NYSE:ALK) was last updated on 9/22/2023 by MarketBeat.com Staff

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