JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group (NYSE:ALK) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $73.00 to $96.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 51.42% from the company’s current price.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Alaska Air Group from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Susquehanna boosted their target price on Alaska Air Group from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, August 5th. Barclays boosted their target price on Alaska Air Group from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, Raymond James Financial upgraded Alaska Air Group from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Monday, August 25th. Thirteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Alaska Air Group presently has a consensus rating of “Buy” and a consensus target price of $71.15.

Alaska Air Group Trading Down 0.7%

ALK stock opened at $63.40 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.14. Alaska Air Group has a 12-month low of $39.10 and a 12-month high of $78.08. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 0.70 and a beta of 1.45. The business’s 50-day moving average is $56.32 and its 200 day moving average is $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 for the quarter, topping the consensus estimate of $1.56 by $0.22. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.65 billion. Alaska Air Group had a return on equity of 12.62% and a net margin of 2.33%.The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.55 EPS. Alaska Air Group has set its Q3 2025 guidance at 1.000-1.400 EPS. FY 2025 guidance at 3.250- EPS. On average, sell-side analysts anticipate that Alaska Air Group will post 6.03 EPS for the current fiscal year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, SVP Kyle B. Levine sold 5,914 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $57.75, for a total value of $341,533.50. Following the sale, the senior vice president owned 20,917 shares of the company’s stock, valued at $1,207,956.75. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shane R. Tackett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $57.06, for a total value of $285,300.00. Following the completion of the sale, the chief financial officer directly owned 43,335 shares in the company, valued at approximately $2,472,695.10. The trade was a 10.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,514 shares of company stock valued at $1,031,306 over the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Trading of Alaska Air Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its position in Alaska Air Group by 41.1% in the first quarter. Brooklyn Investment Group now owns 632 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 184 shares during the period. MAI Capital Management raised its position in Alaska Air Group by 80.5% in the second quarter. MAI Capital Management now owns 628 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 280 shares during the period. Perkins Coie Trust Co raised its position in Alaska Air Group by 125.7% in the first quarter. Perkins Coie Trust Co now owns 677 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 377 shares during the period. Wood Tarver Financial Group LLC purchased a new stake in shares of Alaska Air Group during the fourth quarter worth $38,000. Finally, Rexford Capital Inc. purchased a new stake in shares of Alaska Air Group during the second quarter worth $49,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

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.