Alaska Air Group, Inc. (NYSE:ALK) Given Consensus Rating of “Moderate Buy” by Analysts

Alaska Air Group, Inc. (NYSE:ALK) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $67.1154.

Several brokerages recently commented on ALK. Zacks Research raised shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Evercore set a $60.00 target price on shares of Alaska Air Group in a research note on Friday, April 17th. TD Cowen reissued a “buy” rating and issued a $59.00 price target (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. BMO Capital Markets boosted their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Finally, Bank of America upped their price target on shares of Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st.

Alaska Air Group Stock Up 0.1%

Shares of NYSE ALK opened at $49.47 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a market cap of $5.51 billion, a P/E ratio of 93.33 and a beta of 1.28. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88. The business has a 50-day simple moving average of $45.11 and a two-hundred day simple moving average of $46.14.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Monday, April 20th. The transportation company reported ($1.68) earnings per share for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the company earned ($0.77) earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Research analysts anticipate that Alaska Air Group will post -0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. bought a new position in Alaska Air Group in the 4th quarter worth about $26,000. First Command Advisory Services Inc. raised its holdings in shares of Alaska Air Group by 242.5% in the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 485 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in shares of Alaska Air Group by 963.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 840 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 761 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Alaska Air Group by 30.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 212 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Alaska Air Group by 32.5% during the first quarter. Parallel Advisors LLC now owns 1,570 shares of the transportation company’s stock worth $58,000 after purchasing an additional 385 shares in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.