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 12-month target prices for Alaska Air Group's shares. Their ALK share price forecasts range from $45.00 to $103.00. On average, they anticipate the company's share price to reach $66.44 in the next twelve months. This suggests a possible upside of 42.0% from the stock's current price.
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Alaska Air Group's stock was trading at $52.10 at the beginning of 2022. Since then, ALK stock has decreased by 10.2% and is now trading at $46.80.
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Alaska Air Group saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,300,000 shares, a drop of 22.5% from the June 30th total of 4,260,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the short-interest ratio is presently 1.7 days. Currently, 2.7% of the shares of the stock are sold short.
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Alaska Air Group 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 results on Thursday, July, 21st. The transportation company reported $2.19 earnings per share for the quarter, topping 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 company's revenue was up 74.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.30) EPS.
Read the conference call transcript.

Shares of Alaska Air Group split on Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly minted shares were payable 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 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 institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (4.93%), Russell Investments Group Ltd. (0.44%), Deroy & Devereaux Private Investment Counsel Inc. (0.38%), Assenagon Asset Management S.A. (0.32%), Los Angeles Capital Management LLC (0.26%) and Wedge Capital Management L L P NC (0.20%). 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 $46.80.

Alaska Air Group (NYSE:ALK) has a market capitalization of $5.90 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.

Alaska Air Group 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.