Alaska Air Group (NYSE:ALK) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Alaska Air Group (NYSE:ALK) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.

A number of other equities analysts have also commented on ALK. Susquehanna lifted their price target on shares of Alaska Air Group from $50.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Weiss Ratings cut Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. 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 note on Thursday, July 2nd. Morgan Stanley cut their target price on Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group reissued a “buy” rating and set a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Eleven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Alaska Air Group has a consensus rating of “Moderate Buy” and a consensus target price of $65.65.

Alaska Air Group Trading Up 2.5%

ALK opened at $48.67 on Tuesday. The company has a market cap of $5.42 billion, a P/E ratio of -31.00 and a beta of 1.28. 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’s 50 day moving average is $46.98 and its 200-day moving average is $45.77. Alaska Air Group has a 1-year low of $33.03 and a 1-year high of $65.88.

Alaska Air Group (NYSE:ALK) last issued its earnings results 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 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 quarter last year, the business posted $1.42 earnings per share. The company’s quarterly revenue 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. Equities research analysts predict that Alaska Air Group will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings in Alaska Air Group by 86.8% during 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 buying an additional 1,475,350 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Alaska Air Group by 19,661.8% in the fourth 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 bought a new position in shares of Alaska Air Group in the fourth quarter valued at approximately $53,683,000. BNP Paribas Financial Markets boosted its position in shares of Alaska Air Group by 1,563.7% in the third quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock valued at $54,378,000 after acquiring an additional 1,026,710 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in Alaska Air Group during the third quarter valued at approximately $48,583,000. 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.