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Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Biden's Plan to Confiscate Your Cash? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
Biden's Plan to Confiscate Your Cash? (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
Biden's Plan to Confiscate Your Cash? (Ad)
NYSE:ALK

Alaska Air Group - ALK Stock Forecast, Price & News

$47.34
+1.11 (+2.40%)
(As of 08/12/2022 09:14 PM ET)
Add
Compare
Today's Range
$46.42
$47.35
50-Day Range
$38.68
$49.33
52-Week Range
$38.19
$63.76
Volume
1.36 million shs
Average Volume
1.95 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
0.43mentions of Alaska Air Group in the last 14 days
Based on 7 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.

2.84 out of 5 stars

Transportation Sector

15th out of 128 stocks

Air Transportation, Scheduled Industry

2nd out of 19 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Alaska Air Group from $97.00 to $103.00 and gave the company an "overweight" rating in a report on Friday, April 22nd. Susquehanna cut their price objective on 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 cut their price objective on Alaska Air Group from $68.00 to $50.00 and set a "positive" rating on the stock in a report on Tuesday, July 12th. Barclays cut their price objective on Alaska Air Group from $61.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 12th. Finally, Morgan Stanley cut their price objective on Alaska Air Group from $73.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, July 25th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.44.

Alaska Air Group Stock Up 2.4 %

Shares of ALK opened at $47.34 on Monday. The company has a market capitalization of $5.97 billion, a PE ratio of 29.22 and a beta of 1.46. Alaska Air Group has a 12 month low of $38.19 and a 12 month high of $63.76. The stock's 50-day moving average price is $43.00 and its two-hundred day moving average price is $49.56. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.52.

Alaska Air Group (NYSE:ALK - Get Rating) last announced its earnings results on Thursday, July 21st. The transportation company reported $2.19 EPS 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 previous year, the business earned ($0.30) EPS. The business's quarterly revenue was up 74.1% compared to the same quarter last year. On average, analysts anticipate that Alaska Air Group will post 4.37 EPS for the current year.

Insider Transactions at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 2,267 shares of Alaska Air Group 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 transaction, the executive vice president now directly owns 14,152 shares of the company's stock, valued at approximately $624,527.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Andrew R. Harrison sold 2,267 shares of Alaska Air Group 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 transaction, the executive vice president now directly owns 14,152 shares of the company's stock, valued at approximately $624,527.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Shane R. Tackett sold 2,000 shares of Alaska Air Group 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 directly owns 9,966 shares of the company's stock, valued at $468,103.02. The disclosure for this sale can be found here. Corporate 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
See More Headlines
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ALK Company Calendar

Last Earnings
7/21/2022
Today
8/15/2022
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
$1.10 per share
Book Value
$30.33 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 equities research 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 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 2022?

9 equities research analysts have issued 1-year price objectives for Alaska Air Group's stock. Their ALK share price forecasts range from $45.00 to $103.00. On average, they expect the company's stock price to reach $66.44 in the next year. 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 at the beginning of the year. Since then, ALK shares have 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 decrease in short interest in July. As of July 31st, there was short interest totaling 3,020,000 shares, a decrease of 8.5% from the July 15th total of 3,300,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover 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 data on Thursday, July, 21st. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.24. The transportation company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.58 billion. Alaska Air Group had a net margin of 2.54% and a trailing twelve-month return on equity of 8.97%. The business's revenue was up 74.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.30) EPS.
Read the conference call transcript
.

When did Alaska Air Group's stock split?

Alaska Air Group's stock split before market open 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 third quarter 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share 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 number of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (4.93%), Primecap Management Co. CA (3.59%), JPMorgan Chase & Co. (1.28%), Massachusetts Financial Services Co. MA (1.25%), FMR LLC (0.98%) and RWC Asset Management LLP (0.83%). 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 8/15/2022 by MarketBeat.com Staff

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