Analysts’ Recent Ratings Updates for Alaska Air Group (ALK)

A number of research firms have changed their ratings and price targets for Alaska Air Group (NYSE: ALK):

• 12/16/2024 – Alaska Air Group had its price target raised by analysts at Citigroup Inc. from $63.00 to $74.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Alaska Air Group had its price target raised by analysts at JPMorgan Chase & Co. from $58.00 to $85.00. They now have an “overweight” rating on the stock.
• 12/11/2024 – Alaska Air Group had its price target raised by analysts at Morgan Stanley from $70.00 to $90.00. They now have an “overweight” rating on the stock.
• 12/11/2024 – Alaska Air Group had its price target raised by analysts at TD Cowen from $68.00 to $78.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Alaska Air Group had its price target raised by analysts at TD Cowen from $50.00 to $68.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Alaska Air Group had its “buy” rating reaffirmed by analysts at UBS Group AG. They now have a $72.00 price target on the stock.
• 11/15/2024 – Alaska Air Group had its “buy” rating reaffirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $70.00 price target on the stock.
• 11/14/2024 – Alaska Air Group had its price target raised by analysts at Barclays PLC from $55.00 to $80.00. They now have an “overweight” rating on the stock.

Alaska Air Group Price Performance

NYSE:ALK traded down $0.12 during mid-day trading on Tuesday, reaching $64.75. 1,437,744 shares of the stock were exchanged, compared to its average volume of 2,330,746. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average price of $55.14 and a 200 day moving average price of $44.91. Alaska Air Group, Inc. has a 1-year low of $32.62 and a 1-year high of $67.73. The firm has a market capitalization of $8.22 billion, a PE ratio of 26.11, a PEG ratio of 1.24 and a beta of 1.60.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.03. Alaska Air Group had a net margin of 2.99% and a return on equity of 12.81%. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the company posted $1.83 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. Research analysts expect that Alaska Air Group, Inc. will post 4.3 earnings per share for the current fiscal year.

Insider Activity at Alaska Air Group

In other news, SVP Andrea L. Schneider sold 800 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $63.89, for a total value of $51,112.00. Following the completion of the sale, the senior vice president now owns 20,286 shares in the company, valued at $1,296,072.54. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew R. Harrison sold 13,880 shares of Alaska Air Group stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $64.01, for a total value of $888,458.80. Following the transaction, the executive vice president now owns 20,638 shares in the company, valued at $1,321,038.38. This represents a 40.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,473 shares of company stock worth $2,198,342 in the last quarter. 0.68% of the stock is owned by company insiders.

Institutional Trading of Alaska Air Group

A number of hedge funds have recently made changes to their positions in ALK. Bank of New York Mellon Corp boosted its position in Alaska Air Group by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 1,016,106 shares of the transportation company’s stock valued at $41,051,000 after purchasing an additional 8,423 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Alaska Air Group by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,063 shares of the transportation company’s stock valued at $326,000 after buying an additional 439 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Alaska Air Group in the 2nd quarter valued at approximately $255,000. Natixis Advisors LLC acquired a new position in Alaska Air Group in the second quarter worth approximately $501,000. Finally, Versor Investments LP bought a new position in Alaska Air Group during the second quarter valued at approximately $574,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.