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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Here's Bill Bonner's "4th and Final Prediction" (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Here's Bill Bonner's "4th and Final Prediction" (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
Here's Bill Bonner's "4th and Final Prediction" (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Here's Bill Bonner's "4th and Final Prediction" (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Wall Street slips as weak earnings hit tech, travel stocks
Here's Bill Bonner's "4th and Final Prediction" (Ad)
NYSE:ALK

Alaska Air Group - ALK Stock Forecast, Price & News

$45.73
-1.07 (-2.29%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$45.44
$46.70
50-Day Range
$38.68
$49.33
52-Week Range
$38.19
$63.76
Volume
954,417 shs
Average Volume
1.97 million shs
Market Capitalization
$5.77 billion
P/E Ratio
28.23
Dividend Yield
N/A
Price Target
$66.44

Alaska Air Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
45.3% Upside
$66.44 Price Target
Short Interest
Healthy
2.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.64
Upright™ Environmental Score
News Sentiment
0.34mentions of Alaska Air Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$193,983 Sold Last Quarter
Proj. Earnings Growth
31.05%
From $4.38 to $5.74 Per Share

Overall MarketRank

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

2.89 out of 5 stars

Transportation Sector

10th out of 125 stocks

Air Transportation, Scheduled Industry

1st 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.

Analysts Set New Price Targets

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

Alaska Air Group Trading Down 2.3 %

Shares of Alaska Air Group stock traded down $1.07 during trading on Tuesday, reaching $45.73. 954,417 shares of the company were exchanged, compared to its average volume of 1,969,332. The business has a 50-day moving average price of $43.10 and a 200-day moving average price of $49.72. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 28.23 and a beta of 1.46. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 0.52. Alaska Air Group has a twelve month low of $38.19 and a twelve month high of $63.76.

Alaska Air Group (NYSE:ALK - Get Rating) last issued its earnings results on Thursday, July 21st. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.24. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.58 billion. Alaska Air Group had a return on equity of 8.97% and a net margin of 2.54%. The company's revenue was up 74.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.30) earnings per share. Sell-side analysts anticipate that Alaska Air Group will post 4.38 EPS for the current fiscal year.

Insider Activity at Alaska Air Group

In other Alaska Air Group news, CFO Shane R. Tackett sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $46.97, for a total value of $93,940.00. Following the completion of the sale, the chief financial officer now owns 9,966 shares of the company's stock, valued at $468,103.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Shane R. Tackett sold 2,000 shares of the business's stock in a transaction on Thursday, June 9th. The shares were 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 of the company's stock, valued at approximately $468,103.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew R. Harrison sold 2,267 shares of the company's stock in a transaction on Friday, July 29th. The shares were sold at an average price of $44.13, for a total transaction 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 approximately $624,527.76. 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
8/09/2022
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
+45.3%
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
$1.08 per share
Book Value
$30.33 per share

Miscellaneous

Free Float
125,588,000
Market Cap
$5.77 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 brokerages have issued 1-year target prices for Alaska Air Group's stock. Their ALK share price forecasts range from $45.00 to $103.00. On average, they anticipate the company's stock price to reach $66.44 in the next twelve months. This suggests a possible upside of 45.3% from the stock's current price.
View analysts price targets for ALK
or view top-rated stocks among Wall Street analysts.

How has Alaska Air Group's stock price performed in 2022?

Alaska Air Group's stock was trading at $52.10 at the start of the year. Since then, ALK shares have decreased by 12.2% and is now trading at $45.73.
View the best growth stocks for 2022 here
.

Are investors shorting Alaska Air Group?

Alaska Air Group saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,300,000 shares, a decrease of 22.5% from the June 30th total of 4,260,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is currently 1.7 days. Approximately 2.7% of the shares of the company are sold short.
View Alaska Air Group's Short Interest
.

When is Alaska Air Group's next earnings date?

Alaska Air Group 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) announced 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 had revenue of $2.66 billion for the quarter, compared to analysts' expectations 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 company's quarterly revenue was up 74.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.30) earnings per share.
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 minted shares were distributed 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 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 shareholders include Victory Capital Management Inc. (4.93%), RWC Asset Management LLP (0.83%), Russell Investments Group Ltd. (0.44%), Deroy & Devereaux Private Investment Counsel Inc. (0.38%), Assenagon Asset Management S.A. (0.32%) and Los Angeles Capital Management LLC (0.26%). 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 $45.73.

How much money does Alaska Air Group make?

Alaska Air Group (NYSE:ALK) has a market capitalization of $5.77 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?

Alaska Air Group 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 8/10/2022 by MarketBeat.com Staff

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