Alaska Air Group (ALK) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alaska Air Group in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALK shares.
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10 analysts have issued 12 month price objectives for Alaska Air Group's shares. Their ALK share price targets range from $40.00 to $70.00. On average, they anticipate the company's share price to reach $57.44 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
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Alaska Air Group's stock was trading at $39.07 at the beginning of the year. Since then, ALK stock has increased by 14.2% and is now trading at $44.62.
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Alaska Air Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 6,020,000 shares, an increase of 31.7% from the March 15th total of 4,570,000 shares. Based on an average trading volume of 2,480,000 shares, the short-interest ratio is presently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
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Alaska Air Group, Inc. (NYSE:ALK) posted its quarterly earnings results on Thursday, April, 18th. The transportation company reported ($0.92) earnings per share for the quarter, missing analysts' consensus estimates of ($0.85) by $0.07. The transportation company earned $2.23 billion during the quarter, compared to analyst estimates of $2.18 billion. Alaska Air Group had a net margin of 2.25% and a trailing twelve-month return on equity of 14.72%. Alaska Air Group's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.62) EPS.

ETFs with the largest weight of Alaska Air Group (NYSE:ALK) stock in their portfolio include U.S. Global Jets ETF (JETS), American Customer Satisfaction ETF (ACSI), SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap Industrials ETF (PSCI), iShares Focused Value Factor ETF (FOVL), Defiance Hotel, Airline, and Cruise ETF (CRUZ), SPDR S&P 600 Small CapValue ETF (SLYV) and Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).

Alaska Air Group shares split before market open on Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly issued shares were payable to shareholders after the closing bell on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Alaska Air Group issued an update on its FY24 earnings guidance on Thursday, April, 18th. The company provided EPS guidance of $3.25-5.25 for the period, compared to the consensus estimate of $4.36.

391 employees have rated Alaska Air Group Chief Executive Officer Bradley D. Tilden on Glassdoor.com. Bradley D. Tilden has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alaska Air Group investors own include Delta Air Lines (DAL), Southwest Airlines (LUV), NVIDIA (NVDA), Walt Disney (DIS), Bank of America (BAC), Boeing (BA), Gilead Sciences (GILD), CVS Health (CVS), Intel (INTC) and Netflix (NFLX).

Alaska Air Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include ARGA Investment Management LP (0.18%), Hodges Capital Management Inc. (0.16%), Gateway Investment Advisers LLC (0.12%), Alaska Permanent Fund Corp (0.05%), Executive Wealth Group LLC (0.03%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Andrea L Schneider, Andrea L Schneider, Andrew R Harrison, Benito Minicucci, Bradley D Tilden, J Kenneth Thompson, Jessie J Knight Jr and Shane R Tackett.
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Shares of ALK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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