UBS Group Issues Positive Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price target upped by UBS Group from $54.00 to $56.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target indicates a potential upside of 32.08% from the company’s current price.

ALK has been the topic of a number of other research reports. Susquehanna decreased their price objective on Alaska Air Group from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Wednesday, April 22nd. Citigroup lowered shares of Alaska Air Group from a “buy” rating to a “sell” rating and reduced their target price for the company from $51.00 to $32.00 in a report on Friday, May 1st. Wall Street Zen cut shares of Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Morgan Stanley lowered their price target on shares of Alaska Air Group from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Cantor Fitzgerald set a $63.00 price objective on shares of Alaska Air Group in a research report on Friday, January 30th. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

Alaska Air Group Trading Up 2.6%

Shares of Alaska Air Group stock opened at $42.40 on Tuesday. Alaska Air Group has a 1 year low of $33.03 and a 1 year high of $65.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.43 and a quick ratio of 0.39. The business has a 50 day moving average price of $39.28 and a 200 day moving average price of $45.50. The company has a market capitalization of $4.72 billion, a P/E ratio of 80.00 and a beta of 1.25.

Alaska Air Group (NYSE:ALK) last announced its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.31 billion. Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. Alaska Air Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.77) EPS. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Sell-side analysts anticipate that Alaska Air Group will post -1.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Alaska Air Group

Several institutional investors have recently added to or reduced their stakes in ALK. Atlas Capital Advisors Inc. acquired a new stake in Alaska Air Group in the 4th quarter worth about $26,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Alaska Air Group during the 3rd quarter worth about $28,000. AlphaQuest LLC purchased a new position in shares of Alaska Air Group during the 3rd quarter worth about $34,000. First Command Advisory Services Inc. boosted its position in shares of Alaska Air Group by 242.5% in the fourth quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after acquiring an additional 485 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Alaska Air Group by 43.2% in the third quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after acquiring an additional 253 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors and hedge funds.

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.