Alaska Air Group (NYSE:ALK) Upgraded by Raymond James Financial to “Outperform” Rating

Raymond James Financial upgraded shares of Alaska Air Group (NYSE:ALK) from a market perform rating to an outperform rating in a research note published on Monday morning, Marketbeat.com reports. Raymond James Financial currently has $70.00 price objective on the transportation company’s stock.

A number of other research analysts have also weighed in on ALK. Barclays raised their price objective on Alaska Air Group from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Susquehanna boosted their price objective on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, August 5th. Finally, UBS Group upped their target price on shares of Alaska Air Group from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Alaska Air Group Stock Up 0.9%

NYSE:ALK opened at $60.02 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.52 and a quick ratio of 0.49. The firm’s 50-day moving average price is $52.44 and its 200-day moving average price is $53.58. The company has a market capitalization of $6.92 billion, a PE ratio of 24.40, a P/E/G ratio of 0.58 and a beta of 1.45. Alaska Air Group has a 1-year low of $35.07 and a 1-year high of $78.08.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Wednesday, July 23rd. The transportation company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.56 by $0.22. Alaska Air Group had a net margin of 2.33% and a return on equity of 12.62%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the firm posted $2.55 earnings per share. Alaska Air Group’s quarterly revenue was up 27.9% on a year-over-year basis. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, equities analysts predict that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other news, EVP Andrew R. Harrison sold 7,600 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $53.22, for a total value of $404,472.00. Following the sale, the executive vice president directly owned 18,930 shares in the company, valued at $1,007,454.60. The trade was a 28.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Emily Halverson sold 2,946 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $51.34, for a total value of $151,247.64. Following the completion of the sale, the vice president directly owned 8,253 shares of the company’s stock, valued at $423,709.02. The trade was a 26.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,460 shares of company stock valued at $1,182,553. Corporate insiders own 0.92% of the company’s stock.

Institutional Trading of Alaska Air Group

Several institutional investors have recently added to or reduced their stakes in ALK. State of Wyoming grew its stake in shares of Alaska Air Group by 102.1% during the second quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock valued at $186,000 after buying an additional 1,900 shares during the last quarter. Semper Augustus Investments Group LLC boosted its holdings in Alaska Air Group by 7.9% during the 2nd quarter. Semper Augustus Investments Group LLC now owns 372,013 shares of the transportation company’s stock valued at $18,407,000 after acquiring an additional 27,179 shares during the period. Rexford Capital Inc. bought a new position in Alaska Air Group in the 2nd quarter valued at $49,000. Auxier Asset Management increased its stake in Alaska Air Group by 5.3% in the second quarter. Auxier Asset Management now owns 8,005 shares of the transportation company’s stock worth $396,000 after purchasing an additional 400 shares during the period. Finally, Captrust Financial Advisors increased its stake in Alaska Air Group by 59.6% in the second quarter. Captrust Financial Advisors now owns 19,191 shares of the transportation company’s stock worth $950,000 after purchasing an additional 7,164 shares during the period. Institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico.