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 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALK shares.
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13 analysts have issued 1 year price targets for Alaska Air Group's shares. Their ALK share price forecasts range from $50.00 to $91.00. On average, they expect the company's share price to reach $64.54 in the next year. This suggests a possible upside of 20.7% 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 increased by 24.5% and is now trading at $53.47.
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Alaska Air Group saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,350,000 shares, a drop of 19.1% from the December 31st total of 4,140,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is currently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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Alaska Air Group, Inc. (NYSE:ALK) posted its earnings results on Thursday, January, 26th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The transportation company earned $2.48 billion during the quarter, compared to analyst estimates of $2.51 billion. Alaska Air Group had a trailing twelve-month return on equity of 14.75% and a net margin of 0.60%. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share.
Read the conference call transcript.

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 issued 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 earnings guidance on Sunday, January, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.17 billion-$2.22 billion, compared to the consensus revenue estimate of $2.26 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 a variety of retail and institutional investors. Top institutional investors include U S Global Investors Inc. (1.11%), RWC Asset Management LLP (0.82%), Bank of Montreal Can (0.62%), Deroy & Devereaux Private Investment Counsel Inc. (0.38%), Allspring Global Investments Holdings LLC (0.22%) and Wedge Capital Management L L P NC (0.17%). Insiders that own company stock include Andrea L Schneider, Andrea L Schneider, Andrew R Harrison, Benito Minicucci, Bradley D Tilden, Christopher Michael Berry, Helvi Kay Sandvik, 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 $53.47.

Alaska Air Group (NYSE:ALK) has a market capitalization of $6.78 billion and generates $9.65 billion in revenue each year. The transportation company earns $58 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 22,833 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.