Citigroup Has Lowered Expectations for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective cut by equities researchers at Citigroup from $47.00 to $37.00 in a report released on Friday,Benzinga reports. The firm presently has a “sell” rating on the transportation company’s stock. Citigroup’s price target suggests a potential downside of 19.74% from the company’s current price.

ALK has been the topic of a number of other reports. Barclays set a $65.00 price target on shares of Alaska Air Group and gave the stock an “overweight” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th. TD Cowen reiterated a “buy” rating and set a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research note on Thursday, July 2nd. Susquehanna raised their target price on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Finally, Evercore set a $60.00 target price on Alaska Air Group in a research note on Friday, April 17th. Eleven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.65.

Alaska Air Group Price Performance

Shares of ALK opened at $46.10 on Friday. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.58. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -29.36 and a beta of 1.28. The stock has a 50 day moving average of $46.53 and a 200-day moving average of $45.85.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.07. Alaska Air Group had a negative return on equity of 3.11% and a negative net margin of 1.19%.The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $1.42 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. As a group, analysts forecast that Alaska Air Group will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Alaska Air Group

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

Key Stories Impacting Alaska Air Group

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: JPMorgan cut its price target on Alaska Air Group to $92 from $94, but kept an overweight rating, signaling that the firm still sees major upside versus the current share price.
• Positive Sentiment: The FAA said airlines could receive up to $2.2 billion in rebates to help cover the cost of retrofitting aircraft for wireless interference protection, which could reduce future compliance expenses for Alaska Air Group and peers. Article: US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference
• Neutral Sentiment: Recent earnings coverage highlighted that Alaska Air’s underlying business improved, but results were pressured by higher fuel costs, suggesting operational strength is being offset by a volatile cost environment.
• Negative Sentiment: Citigroup lowered its price target on Alaska Air Group to $37 from $47 and reiterated a sell rating, indicating concern that the shares may be overvalued relative to near-term fundamentals.
• Negative Sentiment: Reuters reported that rising jet fuel prices are making U.S. airline earnings forecasts harder to predict, a broad industry headwind that can pressure margins for Alaska Air Group.

Alaska Air Group Company Profile

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.