Alaska Air Group (NYSE:ALK) Given New $92.00 Price Target at JPMorgan Chase & Co.

Alaska Air Group (NYSE:ALK) had its price target cut by JPMorgan Chase & Co. from $94.00 to $92.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other equities analysts also recently commented on ALK. Morgan Stanley lowered their target price on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. UBS Group reiterated a “buy” rating and issued a $62.00 price target (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Barclays set a $65.00 price objective on shares of Alaska Air Group and gave the company an “overweight” rating in a report on Wednesday. Evercore set a $60.00 price objective on Alaska Air Group in a research report on Friday, April 17th. Finally, Susquehanna lifted their target price on Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. 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 stock. According to data from MarketBeat.com, Alaska Air Group has an average rating of “Moderate Buy” and a consensus price target of $65.65.

Alaska Air Group Stock Up 3.0%

Shares of ALK opened at $46.10 on Friday. The business’s 50 day moving average is $46.53 and its 200 day moving average is $45.85. The company has a market capitalization of $5.14 billion, a PE ratio of -29.36 and a beta of 1.28. Alaska Air Group has a 12-month low of $33.03 and a 12-month 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.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company posted $1.42 EPS. The firm’s revenue for the quarter 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. Research analysts expect that Alaska Air Group will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

Large investors have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Alaska Air Group by 2,046.4% during the fourth quarter. Brighton Jones LLC now owns 96,932 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 92,416 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Alaska Air Group by 60.2% in the first quarter. Empowered Funds LLC now owns 6,423 shares of the transportation company’s stock worth $316,000 after purchasing an additional 2,414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Alaska Air Group by 81.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 340,258 shares of the transportation company’s stock worth $16,747,000 after purchasing an additional 152,953 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Alaska Air Group during the first quarter worth about $1,318,000. Finally, Invesco Ltd. boosted its position in Alaska Air Group by 2.7% in the second quarter. Invesco Ltd. now owns 357,520 shares of the transportation company’s stock valued at $17,690,000 after buying an additional 9,307 shares during the last quarter. Hedge funds and other institutional investors 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.

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.