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Alaska Air Group - ALK Stock Forecast, Price & News

$53.47
-0.11 (-0.21%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$52.80
$53.96
50-Day Range
$41.30
$53.58
52-Week Range
$38.19
$61.55
Volume
1.42 million shs
Average Volume
1.55 million shs
Market Capitalization
$6.78 billion
P/E Ratio
124.35
Dividend Yield
N/A
Price Target
$63.79

Alaska Air Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
20.7% Upside
$64.54 Price Target
Short Interest
Healthy
2.64% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-5.64
Upright™ Environmental Score
News Sentiment
0.36mentions of Alaska Air Group in the last 14 days
Based on 36 Articles This Week
Insider Trading
Selling Shares
$81,093 Sold Last Quarter
Proj. Earnings Growth
15.35%
From $6.06 to $6.99 Per Share

Overall MarketRank

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

2.81 out of 5 stars

Transportation Sector

9th out of 121 stocks

Air Transportation, Scheduled Industry

2nd out of 20 stocks

ALK stock logo

About Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group, Inc. is a holding company, which engages in the provision of air transportation services. It operates through the following segments: Mainline, Regional and Horizon. The Mainline segment includes Alaska's Boeing or Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Canada, Mexico, and Costa Rica. The Regional segment consists of Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPAs). The Horizon segment includes the capacity sold to Alaska under CPA. The company was founded in 1985 and is headquartered in Seattle, WA.

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ALK Stock News Headlines

Analyzing Alaska Air's Recent Earnings
Alaska Air's results showed strength in earnings, revenue growth, and paying down its long-term debt. It's also eying further cost saving measures in the future
Can Alaska Air Continue Soaring Above The Airline Industry?
Alaska Air soared 11% last week on news that the company plans to recruit 3,500 new employees in a variety of roles and functions.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
United Airlines Soars Ahead of Earnings…Time to Deplane? (ALK)
Sentiment around airline stocks has taken a dramatic turn in the new year - and United Airlines is leading the surge so far.
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Alaska Air Group (NYSE:ALK) Upgraded at StockNews.com
Company News for Jan 27, 2023
Alaska Air Group (NYSE:ALK) Stock Rating Lowered by Wolfe Research
Alaska Air (ALK) Q4 Earnings Surpass Estimates, Rise Y/Y
Alaska Air Group (ALK) Q4 2022 Earnings Call Transcript
See More Headlines
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ALK Company Calendar

Last Earnings
1/26/2023
Today
2/03/2023
Next Earnings (Estimated)
4/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
CUSIP
01165910
Employees
22,833
Year Founded
1932

Price Target and Rating

Average Stock Price Forecast
$64.54
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+19.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
13 Analysts

Profitability

Net Income
$58 million
Pretax Margin
0.82%

Debt

Sales & Book Value

Annual Sales
$9.65 billion
Cash Flow
$7.90 per share
Book Value
$30.09 per share

Miscellaneous

Free Float
126,331,000
Market Cap
$6.78 billion
Optionable
Optionable
Beta
1.52

Social Links


Key Executives

  • Benito MinicucciBenito Minicucci
    President, Chief Executive Officer & Director
  • Constance von Muehlen
    Chief Operating Officer
  • Shane R. TackettShane R. Tackett
    Chief Financial Officer & Executive VP-Finance
  • Vikram Baskaran
    Vice President-Information Technology Services
  • Kyle B. LevineKyle B. Levine
    Secretary, Senior VP-Legal & General Counsel













ALK Stock - Frequently Asked Questions

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

13 Wall Street equities 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 equities 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?

13 brokerages have issued 12 month price objectives for Alaska Air Group's stock. Their ALK share price forecasts range from $50.00 to $91.00. On average, they predict the company's stock price to reach $64.54 in the next twelve months. This suggests a possible upside of 20.6% 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 on January 1st, 2023. Since then, ALK shares have increased by 24.6% and is now trading at $53.51.
View the best growth stocks for 2023 here
.

Are investors shorting Alaska Air Group?

Alaska Air Group saw a decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,350,000 shares, a decrease of 19.1% from the December 31st total of 4,140,000 shares. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is presently 2.4 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, April 20th 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 Thursday, January, 26th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The transportation company had revenue of $2.48 billion for the quarter, compared to the consensus estimate 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%. Alaska Air Group's revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS.
Read the conference call transcript
.

When did Alaska Air Group's stock split?

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 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 issued an update on its earnings guidance on Sunday, January, 29th. The company provided earnings per share (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.

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 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%), Wedge Capital Management L L P NC (0.17%) and National Bank of Canada FI (0.14%). 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.
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 $53.51.

How much money does Alaska Air Group make?

Alaska Air Group (NYSE:ALK) has a market capitalization of $6.79 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.

How many employees does Alaska Air Group have?

The company employs 22,833 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 2/3/2023 by MarketBeat.com Staff