TD Cowen Cuts Alaska Air Group (NYSE:ALK) Price Target to $63.00

Alaska Air Group (NYSE:ALK) had its target price lowered by TD Cowen from $64.00 to $63.00 in a report released on Friday, MarketBeat reports. TD Cowen currently has a buy rating on the transportation company’s stock.

A number of other brokerages have also issued reports on ALK. Bank of America raised their target price on shares of Alaska Air Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Cantor Fitzgerald set a $65.00 price target on Alaska Air Group in a research note on Monday, November 3rd. Wall Street Zen raised shares of Alaska Air Group from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Citigroup reissued a “buy” rating and issued a $69.00 target price (up previously from $61.00) on shares of Alaska Air Group in a report on Wednesday, January 7th. Finally, Susquehanna upped their price target on shares of Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $71.40.

Alaska Air Group Stock Performance

NYSE ALK opened at $50.80 on Friday. Alaska Air Group has a 1-year low of $37.63 and a 1-year high of $78.08. The stock has a 50-day moving average of $49.22 and a two-hundred day moving average of $50.77. The company has a market cap of $5.89 billion, a P/E ratio of 58.39, a P/E/G ratio of 0.44 and a beta of 1.21. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings results on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the business earned $0.97 EPS. Alaska Air Group’s revenue was up 2.8% on a year-over-year basis. 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. As a group, analysts anticipate that Alaska Air Group will post 6.03 EPS for the current year.

Institutional Trading of Alaska Air Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Alaska Air Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock valued at $556,288,000 after purchasing an additional 110,628 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Alaska Air Group by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,273,084 shares of the transportation company’s stock valued at $312,280,000 after purchasing an additional 56,225 shares in the last quarter. American Century Companies Inc. raised its position in shares of Alaska Air Group by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 3,266,619 shares of the transportation company’s stock valued at $161,632,000 after purchasing an additional 42,454 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Alaska Air Group by 24.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock valued at $149,020,000 after acquiring an additional 588,119 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Alaska Air Group by 3.6% during the second quarter. Geode Capital Management LLC now owns 2,215,697 shares of the transportation company’s stock worth $109,657,000 after purchasing an additional 77,531 shares during the last quarter. 81.90% of the stock is 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.