Alaska Air Group (NYSE:ALK) Stock Rating Upgraded by Wall Street Zen

Alaska Air Group (NYSE:ALK) was upgraded by equities research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

ALK has been the subject of several other reports. Weiss Ratings raised Alaska Air Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Evercore set a $60.00 price target on Alaska Air Group in a research note on Friday, April 17th. Bank of America lifted their price target on Alaska Air Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Citigroup reduced their price objective on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 24th. Finally, Susquehanna increased their price objective on Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Alaska Air Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.65.

Alaska Air Group Trading Down 3.4%

Shares of Alaska Air Group stock opened at $45.88 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.58. The company has a fifty day simple moving average of $48.38 and a 200-day simple moving average of $45.76. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of -29.22 and a beta of 1.29. Alaska Air Group has a 12-month low of $33.03 and a 12-month high of $65.88.

Alaska Air Group (NYSE:ALK) last announced its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business earned $1.42 EPS. Alaska Air Group’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. On average, equities analysts forecast that Alaska Air Group will post -0.9 EPS for the current fiscal year.

Insider Activity at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 5,300 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $49.67, for a total transaction of $263,251.00. Following the sale, the executive vice president owned 25,528 shares of the company’s stock, valued at $1,267,975.76. The trade was a 17.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alaska Air Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Alaska Air Group in the 2nd quarter valued at about $606,307,000. Vanguard Group Inc. raised its position in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after acquiring an additional 110,628 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Alaska Air Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock valued at $233,463,000 after purchasing an additional 145,484 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Alaska Air Group in the second quarter valued at about $168,467,000. Finally, Capital Research Global Investors lifted 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. 81.90% of the stock is owned by institutional investors and hedge funds.

More Alaska Air Group News

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $0.91 from $0.40 and its Q4 2026 forecast to $0.15 from a projected loss of $0.38. The firm also improved its FY2026 forecast to a loss of $1.54 per share, compared with its prior estimate of a $2.54 loss. Zacks Research Alaska Air Group estimates
• Positive Sentiment: Some later-period estimates were increased, including Q4 2027 EPS to $1.80 from $1.52, Q1 2028 EPS to $2.60 from $1.06, and Q2 2028 EPS to $2.17 from $1.87. These changes point to expectations for stronger earnings beyond 2026. Zacks Research forecast for Alaska Air Group earnings
• Neutral Sentiment: Zacks maintained a Hold rating on Alaska Air Group. Its revised forecasts remain uneven, with a current-year loss expected and profitability dependent on improvement in subsequent quarters.
• Negative Sentiment: Zacks reduced its Q1 2027 EPS estimate to $0.52 from $0.74, Q3 2027 to $1.94 from $2.34, and FY2027 to $6.20 from $6.31. The cuts temper the positive impact of the upgraded 2026 estimates and signal concern about the pace or durability of the recovery.
• Neutral Sentiment: A separate August 14 article discusses earnings forecasts for ALK, but the provided information does not include additional estimates or a new analyst rating.
• Neutral Sentiment: An article about tree-pollen and house-dust-mite allergy tablets recommended by the U.K.’s NICE concerns ALK-Abelló A/S (Nasdaq Copenhagen: ALK B), not Alaska Air Group. It is therefore not relevant to Alaska Air Group’s stock.

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.