Alaska Air Group (NYSE:ALK) Price Target Cut to $44.00 by Analysts at TD Cowen

by · The Markets Daily

Alaska Air Group (NYSE:ALK – Get Free Report) had its price objective decreased by research analysts at TD Cowen from $46.00 to $44.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective suggests a potential upside of 10.20% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Bank of America upped their price objective on shares of Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Barclays set a $52.00 target price on shares of Alaska Air Group and gave the stock an “overweight” rating in a research note on Friday, September 11th. Raymond James Financial restated an “outperform” rating on shares of Alaska Air Group in a report on Friday, September 25th. Finally, Citigroup cut their price target on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.15.

View Our Latest Research Report on Alaska Air Group

Alaska Air Group Price Performance

Shares of ALK traded up $0.44 during trading hours on Friday, hitting $39.93. 434,410 shares of the stock were exchanged, compared to its average volume of 3,579,383. The stock’s 50-day moving average price is $43.40 and its two-hundred day moving average price is $43.23. Alaska Air Group has a 12-month low of $33.03 and a 12-month high of $60.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.51 and a current ratio of 0.55. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -25.44 and a beta of 1.33.

Alaska Air Group (NYSE:ALK – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts expect that Alaska Air Group will post -1.88 earnings per share for the current year.

Insider Activity

In other news, EVP Andrew Harrison sold 5,300 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $49.67, for a total value of $263,251.00. Following the completion of the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. This represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Benito Minicucci purchased 25,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were purchased at an average price of $40.06 per share, with a total value of $1,001,500.00. Following the acquisition, the chief executive officer directly owned 256,582 shares in the company, valued at approximately $10,278,674.92. The trade was a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Alaska Air Group during the 2nd quarter worth $606,307,000. Dimensional Fund Advisors LP boosted its stake in Alaska Air Group by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock worth $233,463,000 after buying an additional 145,484 shares during the period. Primecap Management Co. CA acquired a new stake in shares of Alaska Air Group during the second quarter valued at about $168,467,000. Capital Research Global Investors raised its stake in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after acquiring an additional 1,475,350 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Alaska Air Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock valued at $108,166,000 after acquiring an additional 35,352 shares during the period. Institutional investors and hedge funds own 81.90% of the company’s stock.

Alaska Air Group Company Profile

(Get Free Report)

Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries are Alaska Airlines and Hawaiian Airlines, which provide scheduled passenger and cargo air transportation, as well as Horizon Air, a regional airline that operates flights for Alaska Airlines. The group also owns McGee Air Services, an aviation services provider.

Alaska Airlines serves destinations across Alaska, the contiguous United States, Canada, Mexico, and other locations in North America.

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