Alaska Air Group - ALK Stock Forecast, Price & News

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.
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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.
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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 9.1% and is now trading at $47.34.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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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.

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.

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.

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 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.
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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 $47.34.

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.

The company employs 22,833 workers across the globe.

Alaska Air Group was founded in 1932.

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.