Alaska Air Group - ALK Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALK shares.
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11 Wall Street 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 share price to reach $64.30 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price.
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Alaska Air Group's stock was trading at $52.10 at the beginning of the year. Since then, ALK shares have decreased by 9.0% and is now trading at $47.41.
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Alaska Air Group saw a increase in short interest in November. As of November 15th, there was short interest totaling 3,130,000 shares, an increase of 12.2% from the October 31st total of 2,790,000 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Alaska Air Group, Inc. (NYSE:ALK) released its quarterly earnings data on Thursday, October, 20th. The transportation company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $2.39 by $0.14. The transportation company earned $2.83 billion during the quarter, compared to analysts' expectations of $2.82 billion. Alaska Air Group had a net margin of 0.60% and a trailing twelve-month return on equity of 12.45%. The business's quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS.
Read the conference call transcript.

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 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.

Alaska Air Group updated its fourth quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.50 billion-$2.56 billion, compared to the consensus revenue estimate of $2.51 billion.

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.

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).

Alaska Air Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALK."

Alaska Air Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.30%), BlackRock Inc. (5.68%), Victory Capital Management Inc. (5.13%), Primecap Management Co. CA (3.52%), State Street Corp (3.22%) and Boston Partners (2.62%). 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.
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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.
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One share of ALK stock can currently be purchased for approximately $47.41.

Alaska Air Group (NYSE:ALK) has a market capitalization of $6.01 billion and generates $6.18 billion in revenue each year. The transportation company earns $478 million in net income (profit) each year or $0.40 on an earnings per share basis.

The company employs 22,833 workers across the globe.

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.