Bank of America Lowers Alaska Air Group (NYSE:ALK) Price Target to $60.00

Alaska Air Group (NYSE:ALK) had its price target decreased by equities researchers at Bank of America from $70.00 to $60.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 60.79% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. TD Cowen decreased their price target on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Cantor Fitzgerald set a $63.00 target price on shares of Alaska Air Group in a research report on Friday, January 30th. BMO Capital Markets assumed coverage on shares of Alaska Air Group in a research note on Tuesday, March 24th. They set an “outperform” rating and a $50.00 target price on the stock. Raymond James Financial reiterated an “outperform” rating and set a $71.00 price target on shares of Alaska Air Group in a report on Friday, December 19th. Finally, Weiss Ratings raised Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.67.

Alaska Air Group Stock Performance

NYSE:ALK opened at $37.32 on Wednesday. The stock’s 50-day simple moving average is $47.57 and its 200 day simple moving average is $47.75. The firm has a market capitalization of $4.23 billion, a PE ratio of 42.89, a price-to-earnings-growth ratio of 0.45 and a beta of 1.27. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 1.17. Alaska Air Group has a twelve month low of $33.03 and a twelve month high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Thursday, January 22nd. The transportation company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.11 by $0.32. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. On average, analysts anticipate that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Activity at Alaska Air Group

In other news, CFO Shane R. Tackett sold 24,000 shares of Alaska Air Group stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the completion of the transaction, the chief financial officer directly owned 43,377 shares of the company’s stock, valued at approximately $2,478,995.55. This trade represents a 35.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 14,500 shares of Alaska Air Group stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $54.81, for a total value of $794,745.00. Following the completion of the transaction, the executive vice president directly owned 20,195 shares of the company’s stock, valued at approximately $1,106,887.95. This trade represents a 41.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 56,945 shares of company stock worth $3,204,569 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently made changes to their positions in ALK. Capital Research Global Investors grew its stake in Alaska Air Group by 86.8% during the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after purchasing an additional 1,475,350 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Alaska Air Group by 19,661.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock valued at $62,166,000 after buying an additional 1,229,647 shares during the period. Jain Global LLC acquired a new position in Alaska Air Group in the fourth quarter valued at approximately $53,683,000. BNP Paribas Financial Markets boosted its holdings in shares of Alaska Air Group by 1,563.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after buying an additional 1,026,710 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Alaska Air Group during the 3rd quarter worth approximately $48,583,000. Institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

Alaska Air Group is a publicly traded holding company headquartered in Seattle, Washington, that operates two main airlines—Alaska Airlines and Horizon Air. Through these carriers, the company offers scheduled passenger and cargo services across a network spanning the United States, Canada and Mexico. Its core business activities include domestic and international air transportation, loyalty program management under the Mileage Plan brand, and ancillary revenue streams such as baggage fees, in-flight sales and code-share partnerships with other global airlines.

The roots of Alaska Air Group trace back to the foundation of its flagship carrier, Alaska Airlines, in 1932.