Alaska Air Group - ALK Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALK shares.
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13 Wall Street analysts have issued 12 month price objectives for Alaska Air Group's shares. Their ALK share price forecasts range from $50.00 to $91.00. On average, they anticipate the company's stock price to reach $65.05 in the next twelve months. This suggests a possible upside of 58.7% from the stock's current price.
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Alaska Air Group's stock was trading at $42.94 at the beginning of the year. Since then, ALK shares have decreased by 4.6% and is now trading at $40.98.
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Alaska Air Group saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,870,000 shares, an increase of 10.6% from the February 28th total of 3,500,000 shares. Based on an average daily volume of 1,490,000 shares, the days-to-cover ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
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Alaska Air Group, Inc. (NYSE:ALK) announced its earnings results on Thursday, January, 26th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The transportation company earned $2.48 billion during the quarter, compared to analysts' expectations of $2.51 billion. Alaska Air Group had a trailing twelve-month return on equity of 14.75% and a net margin of 0.60%. The company's revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share.
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ETFs with the largest weight of Alaska Air Group (NYSE:ALK) stock in their portfolio include First Trust Nasdaq Transportation ETF (FTXR), U.S. Global Jets ETF (JETS), Invesco Dynamic Leisure and Entertainment ETF (PEJ), SPDR S&P Transportation ETF (XTN), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Invesco S&P 500 Equal Weight Industrials ETF (RGI), iShares U.S. Transportation ETF (IYT) and AI Powered Equity ETF (AIEQ).

Alaska Air Group shares split before market open on Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly issued 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 first quarter 2023 earnings guidance on Friday, March, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.17 billion-$2.22 billion, compared to the consensus revenue estimate of $2.21 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 shareholders include Victory Capital Management Inc. (5.45%), Victory Capital Management Inc. (5.46%), Dimensional Fund Advisors LP (2.85%), Alliancebernstein L.P. (2.70%), Boston Partners (2.67%) and Morgan Stanley (2.18%). Insiders that own company stock include Andrea L Schneider, Andrea L Schneider, Andrew R Harrison, Benito Minicucci, Bradley D Tilden, Christopher Michael Berry, 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 $40.98.

Alaska Air Group (NYSE:ALK) has a market capitalization of $5.22 billion and generates $9.65 billion in revenue each year. The transportation company earns $58 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 25,469 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.