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NYSE:ALK

Alaska Air Group - ALK Stock Forecast, Price & News

$40.98
+0.35 (+0.86%)
(As of 03/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$40.74
$41.48
50-Day Range
$38.13
$53.58
52-Week Range
$37.19
$61.55
Volume
1.75 million shs
Average Volume
1.54 million shs
Market Capitalization
$5.22 billion
P/E Ratio
95.30
Dividend Yield
N/A
Price Target
$65.05

Alaska Air Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.92 Rating Score
Upside/​Downside
58.7% Upside
$65.05 Price Target
Short Interest
Healthy
3.04% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-5.64
Upright™ Environmental Score
News Sentiment
0.59mentions of Alaska Air Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$251,123 Sold Last Quarter
Proj. Earnings Growth
16.47%
From $5.95 to $6.93 Per Share

Overall MarketRank

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

2.93 out of 5 stars

Transportation Sector

9th 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. 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 scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, Costa Rica and Belize. 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 (CPA). The Horizon segment encompasses the capacity sold to Alaska under a CPA. The company was founded in 1985 and is headquartered in Seattle, WA.

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ALK Stock News Headlines

Are the Good Times Already in the Rearview Mirror for Airlines? (ALK)
On March 13, 2023, United Airlines Holdings Inc. (NYSE: UAL) dropped a bombshell on investors. The company cut its Q1 2023 guidance dramatically, citing
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
Alaska Air Group, Inc. (ALK)
Alaska Air Group Affirms Q1 Capacity, Revenue, CASMex Guidance
See More Headlines
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ALK Company Calendar

Last Earnings
1/26/2023
Today
3/30/2023
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
25,469
Year Founded
1932

Price Target and Rating

Average Stock Price Forecast
$65.05
High Stock Price Forecast
$91.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+58.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.92
Research Coverage
13 Analysts

Profitability

Net Income
$58 million
Pretax Margin
0.82%

Debt

Sales & Book Value

Annual Sales
$9.65 billion
Cash Flow
$8.05 per share
Book Value
$30.09 per share

Miscellaneous

Free Float
127,032,000
Market Cap
$5.22 billion
Optionable
Optionable
Beta
1.54

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, SVP-Legal & General Counsel













ALK Stock - Frequently Asked Questions

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

13 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 12 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 2023?

13 Wall Street analysts have issued 12 month price objectives for Alaska Air Group's shares. Their ALK share price forecasts range from $50.00 to $91.00. On average, they anticipate the company's stock price to reach $65.05 in the next twelve months. This suggests a possible upside of 58.7% 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 4.6% and is now trading at $40.98.
View the best growth stocks for 2023 here
.

Are investors shorting Alaska Air Group?

Alaska Air Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,870,000 shares, an increase of 10.6% from the February 28th total of 3,500,000 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is presently 2.6 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) announced 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 analysts' expectations 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 company's revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 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 issued shares were distributed 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 first quarter 2023 earnings guidance on Friday, March, 17th. 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 $2.21 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 number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (5.45%), Victory Capital Management Inc. (5.46%), Dimensional Fund Advisors LP (2.85%), Alliancebernstein L.P. (2.70%), Boston Partners (2.67%) and Morgan Stanley (2.18%). 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.
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 $40.98.

How much money does Alaska Air Group make?

Alaska Air Group (NYSE:ALK) has a market capitalization of $5.22 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 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 3/30/2023 by MarketBeat.com Staff