Alaska Air Group (NYSE:ALK) Stock Rating Upgraded by UBS Group

Alaska Air Group (NYSE:ALK) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a report released on Friday, MarketBeat.com reports. The firm presently has a $90.00 target price on the transportation company’s stock, up from their previous target price of $56.00. UBS Group’s price objective would suggest a potential upside of 41.96% from the company’s current price.

A number of other brokerages have also recently weighed in on ALK. Raymond James Financial raised shares of Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Monday, August 25th. Barclays raised their price objective on shares of Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on shares of Alaska Air Group from $73.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Susquehanna raised their price objective on shares of Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a research note on Tuesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $71.15.

Alaska Air Group Trading Down 0.7%

Shares of Alaska Air Group stock opened at $63.40 on Friday. Alaska Air Group has a 12-month low of $39.10 and a 12-month high of $78.08. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. The stock has a market cap of $7.31 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 0.70 and a beta of 1.45. The company has a 50-day moving average of $56.32 and a two-hundred day moving average of $52.65.

Alaska Air Group (NYSE:ALK) last issued its earnings results on Wednesday, July 23rd. The transportation company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.65 billion. During the same period last year, the company posted $2.55 earnings per share. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, research analysts anticipate that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kyle B. Levine sold 5,914 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $57.75, for a total transaction of $341,533.50. Following the sale, the senior vice president owned 20,917 shares in the company, valued at approximately $1,207,956.75. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 7,600 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $53.22, for a total transaction of $404,472.00. Following the sale, the executive vice president owned 18,930 shares in the company, valued at approximately $1,007,454.60. This trade represents a 28.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,514 shares of company stock worth $1,031,306. 1.00% of the stock is owned by insiders.

Institutional Trading of Alaska Air Group

A number of hedge funds have recently bought and sold shares of ALK. Valeo Financial Advisors LLC boosted its holdings in shares of Alaska Air Group by 9.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,523 shares of the transportation company’s stock valued at $422,000 after purchasing an additional 702 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Alaska Air Group by 8.6% in the 2nd quarter. Osaic Holdings Inc. now owns 15,565 shares of the transportation company’s stock valued at $770,000 after purchasing an additional 1,239 shares during the last quarter. Total Investment Management Inc. acquired a new position in shares of Alaska Air Group in the 2nd quarter valued at $61,000. State of Wyoming boosted its holdings in shares of Alaska Air Group by 102.1% in the 2nd quarter. State of Wyoming now owns 3,761 shares of the transportation company’s stock valued at $186,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Semper Augustus Investments Group LLC boosted its holdings in shares of Alaska Air Group by 7.9% in 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 purchasing an additional 27,179 shares during the last quarter. Institutional investors and hedge funds 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.