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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
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Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Germans urged to cap heat in offices this winter to save gas
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Germans urged to cap heat in offices this winter to save gas
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Germans urged to cap heat in offices this winter to save gas
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
NYSE:ALK

Alaska Air Group - ALK Stock Forecast, Price & News

$47.34
+1.11 (+2.40%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$46.43
$47.35
50-Day Range
$38.68
$49.33
52-Week Range
$38.19
$63.76
Volume
1.36 million shs
Average Volume
1.52 million shs
Market Capitalization
$5.97 billion
P/E Ratio
29.22
Dividend Yield
N/A
Price Target
$66.44

Alaska Air Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
40.4% Upside
$66.44 Price Target
Short Interest
Healthy
2.40% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-5.64
Upright™ Environmental Score
News Sentiment
0.51mentions of Alaska Air Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$193,983 Sold Last Quarter
Proj. Earnings Growth
28.15%
From $4.37 to $5.60 Per Share

Overall MarketRank

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

2.90 out of 5 stars

Transportation Sector

12th out of 124 stocks

Air Transportation, Scheduled Industry

2nd out of 18 stocks

ALK stock logo

About Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Alaska Air Group Trading Up 2.4 %

Shares of ALK Stock opened at $47.34 on Friday. The business's fifty day moving average price is $43.00 and its 200 day moving average price is $49.60. Alaska Air Group has a 1-year low of $38.19 and a 1-year high of $63.76. The firm has a market capitalization of $5.97 billion, a PE ratio of 29.22 and a beta of 1.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.86 and a quick ratio of 0.84.

Alaska Air Group (NYSE:ALK - Get Rating) last released its earnings results on Thursday, July 21st. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.24. Alaska Air Group had a return on equity of 8.97% and a net margin of 2.54%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business posted ($0.30) earnings per share. The firm's revenue for the quarter was up 74.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Alaska Air Group will post 4.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ALK. Susquehanna reduced their price objective on shares of Alaska Air Group from $68.00 to $50.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. Susquehanna Bancshares lowered their price target on Alaska Air Group from $68.00 to $50.00 and set a "positive" rating for the company in a report on Tuesday, July 12th. Raymond James cut Alaska Air Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $75.00 to $58.00 in a research note on Thursday, June 23rd. JPMorgan Chase & Co. boosted their price objective on Alaska Air Group from $97.00 to $103.00 and gave the company an "overweight" rating in a research note on Friday, April 22nd. Finally, Barclays reduced their price objective on Alaska Air Group from $61.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 12th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.44.

Insider Buying and Selling

In other Alaska Air Group news, EVP Andrew R. Harrison sold 2,267 shares of the business's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $44.13, for a total value of $100,042.71. Following the completion of the sale, the executive vice president now owns 14,152 shares of the company's stock, valued at $624,527.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Shane R. Tackett sold 2,000 shares of the firm's stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $46.97, for a total value of $93,940.00. Following the completion of the transaction, the chief financial officer now owns 9,966 shares in the company, valued at approximately $468,103.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew R. Harrison sold 2,267 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $44.13, for a total transaction of $100,042.71. Following the sale, the executive vice president now owns 14,152 shares of the company's stock, valued at $624,527.76. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

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ALK Stock News Headlines

Alaska Air Group Inc Stock News
Alaska Air Group (NYSE:ALK) PT Lowered to $70.00
Analyst Ratings for Alaska Air Gr
Alaska Air Group (NYSE:ALK) Upgraded at StockNews.com
Alaska Air Rings Up Big Earnings Beat
Alaska Air Q2 Results Surpass Street View
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ALK Company Calendar

Last Earnings
7/21/2022
Today
8/13/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

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
$66.44
High Stock Price Forecast
$103.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+40.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$478 million
Pretax Margin
3.09%

Debt

Sales & Book Value

Annual Sales
$6.18 billion
Cash Flow
$1.13 per share
Book Value
$30.13 per share

Miscellaneous

Free Float
125,588,000
Market Cap
$5.97 billion
Optionable
Optionable
Beta
1.46

Social Links















ALK Stock - Frequently Asked Questions

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street 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 2022?

9 equities research analysts have issued 1 year price objectives for Alaska Air Group's shares. Their ALK share price forecasts range from $45.00 to $103.00. On average, they predict the company's stock price to reach $66.44 in the next twelve months. This suggests a possible upside of 40.4% 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 2022?

Alaska Air Group's stock was trading at $52.10 on January 1st, 2022. Since then, ALK stock has decreased by 9.1% and is now trading at $47.34.
View the best growth stocks for 2022 here
.

Are investors shorting Alaska Air Group?

Alaska Air Group saw a decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,020,000 shares, a decline of 8.5% from the July 15th total of 3,300,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is currently 1.8 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 20th 2022.
View our ALK earnings forecast
.

How were Alaska Air Group's earnings last quarter?

Alaska Air Group, Inc. (NYSE:ALK) issued its quarterly earnings results on Thursday, July, 21st. The transportation company reported $2.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.24. The transportation company earned $2.66 billion during the quarter, compared to analyst estimates of $2.58 billion. Alaska Air Group had a trailing twelve-month return on equity of 8.97% and a net margin of 2.54%. Alaska Air Group's revenue for the quarter was up 74.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.30) earnings per share.
Read the conference call transcript
.

When did Alaska Air Group's stock split?

Shares of Alaska Air Group 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 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.

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

Alaska Air Group updated its third quarter 2022 earnings guidance on Friday, July, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.77 billion-$2.84 billion, compared to the consensus revenue estimate of $2.66 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 institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (4.93%), Primecap Management Co. CA (3.59%), JPMorgan Chase & Co. (1.28%), FMR LLC (0.98%), RWC Asset Management LLP (0.83%) and Northern Trust Corp (0.80%). Insiders that own company stock include Andrea L Schneider, Andrea L Schneider, Andrew R Harrison, Benito Minicucci, Bradley D Tilden, Brandon Pedersen, Chalmers David, 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 $47.34.

How much money does Alaska Air Group make?

Alaska Air Group (NYSE:ALK) has a market capitalization of $5.97 billion and generates $6.18 billion in revenue each year. The transportation company earns $478 million in net income (profit) each year or $1.62 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

When was Alaska Air Group founded?

Alaska Air Group was founded in 1932.

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 8/13/2022 by MarketBeat.com Staff

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