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

13 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, 11 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.

13 brokers have issued 1-year price targets for Alaska Air Group's stock. Their ALK share price forecasts range from $50.00 to $75.00. On average, they expect the company's stock price to reach $63.86 in the next year. This suggests a possible upside of 41.6% 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 at the start of the year. Since then, ALK stock has increased by 5.0% and is now trading at $45.10.
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Alaska Air Group saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,640,000 shares, an increase of 6.2% from the April 30th total of 4,370,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is presently 2.7 days.
View Alaska Air Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our ALK earnings forecast.

Alaska Air Group, Inc. (NYSE:ALK) announced its earnings results on Thursday, April, 20th. The transportation company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.48) by $0.14. The transportation company earned $2.20 billion during the quarter, compared to analysts' expectations of $2.19 billion. Alaska Air Group had a net margin of 0.58% and a trailing twelve-month return on equity of 17.03%. The company's quarterly revenue was up 30.6% on a year-over-year basis. During the same period last year, the firm earned ($1.33) EPS.
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ETFs with the largest weight of Alaska Air Group (NYSE:ALK) stock in their portfolio include American Customer Satisfaction ETF (ACSI), U.S. Global Jets ETF (JETS), Invesco Dynamic Leisure and Entertainment ETF (PEJ), SPDR S&P Transportation ETF (XTN), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Invesco S&P 500 Equal Weight Industrials ETF (RGI), Invesco S&P 500 Pure Value ETF (RPV) and iShares U.S. Transportation ETF (IYT).

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 326.09%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALK will have a dividend payout ratio of 20.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALK.

Shares of Alaska Air Group split on the morning of 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.

Alaska Air Group issued an update on its FY23 earnings guidance on Thursday, April, 20th. The company provided earnings per share guidance of $5.50-7.50 for the period, compared to the consensus estimate of $5.74.

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 a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (6.27%), BlackRock Inc. (5.72%), State Street Corp (3.14%), Dimensional Fund Advisors LP (2.94%), Boston Partners (2.68%) and Geode Capital Management LLC (2.09%). 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, Joseph A Sprague, 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 $45.10.

Alaska Air Group (NYSE:ALK) has a market capitalization of $5.77 billion and generates $10.16 billion in revenue each year. The transportation company earns $58 million in net income (profit) each year or $0.46 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.