Susquehanna Issues Positive Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective hoisted by investment analysts at Susquehanna from $50.00 to $70.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 38.97% from the company’s current price.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group restated a “buy” rating and set a $69.00 price target (up from $58.00) on shares of Alaska Air Group in a report on Thursday. Citigroup reiterated a “sell” rating and issued a $47.00 price objective (up from $32.00) on shares of Alaska Air Group in a research report on Friday, June 26th. TD Cowen restated a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a research report on Thursday. Wall Street Zen upgraded Alaska Air Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 6th. Finally, Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.12.

Alaska Air Group Stock Down 1.4%

Shares of ALK opened at $50.37 on Tuesday. Alaska Air Group has a 52-week low of $33.03 and a 52-week high of $65.88. 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 stock has a fifty day simple moving average of $44.39 and a two-hundred day simple moving average of $46.23. The company has a market capitalization of $5.61 billion, a PE ratio of 95.04 and a beta of 1.28.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Monday, April 20th. The transportation company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.61) by ($0.07). Alaska Air Group had a return on equity of 4.96% and a net margin of 0.51%.The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the business posted ($0.77) earnings per share. Alaska Air Group’s revenue for the quarter 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. As a group, equities analysts forecast that Alaska Air Group will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors grew its holdings in shares of Alaska Air Group by 86.8% in the fourth quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after purchasing an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Alaska Air Group by 19,661.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after buying an additional 1,229,647 shares in the last quarter. Jain Global LLC acquired a new stake in Alaska Air Group during the 4th quarter worth approximately $53,683,000. BNP Paribas Financial Markets boosted its position in Alaska Air Group by 1,563.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock valued at $54,378,000 after buying an additional 1,026,710 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in Alaska Air Group in the 3rd quarter valued at approximately $48,583,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

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.