Citigroup Cuts Alaska Air Group (NYSE:ALK) Price Target to $37.00

Alaska Air Group (NYSE:ALK) had its target price cut by Citigroup from $47.00 to $37.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a sell rating on the transportation company’s stock.

A number of other analysts have also recently commented on ALK. Evercore set a $60.00 price target on Alaska Air Group in a research report on Friday, April 17th. Bank of America lifted their price objective on Alaska Air Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. TD Cowen reissued a “buy” rating and issued a $59.00 target price (up from $51.00) on shares of Alaska Air Group in a report on Thursday, July 2nd. Barclays set a $65.00 target price on Alaska Air Group and gave the stock an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings cut Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, July 20th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.65.

Alaska Air Group Trading Down 0.1%

Shares of NYSE ALK opened at $46.10 on Friday. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $65.88. The stock has a market cap of $5.14 billion, a P/E ratio of -29.36 and a beta of 1.28. The firm has a 50-day moving average of $46.53 and a 200 day moving average of $45.81. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.51.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings data on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. 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, sell-side analysts expect that Alaska Air Group will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

A number of hedge funds have recently added to or reduced their stakes in ALK. Assenagon Asset Management S.A. bought a new position in Alaska Air Group in the 2nd quarter valued at approximately $1,407,000. 180 Wealth Advisors LLC bought a new stake in shares of Alaska Air Group in the 2nd quarter worth $271,000. GAMMA Investing LLC raised its stake in shares of Alaska Air Group by 15.2% in the second quarter. GAMMA Investing LLC now owns 4,978 shares of the transportation company’s stock worth $260,000 after purchasing an additional 656 shares during the last quarter. Cedar Mountain Advisors LLC raised its stake in shares of Alaska Air Group by 963.3% in the second 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. Finally, Parallel Advisors LLC lifted its holdings in shares of Alaska Air Group by 32.5% during 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 in the last quarter. 81.90% of the stock is currently owned by hedge funds and other institutional investors.

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.