TD Cowen Lowers Alaska Air Group (NYSE:ALK) Price Target to $63.00

Alaska Air Group (NYSE:ALK) had its target price decreased by stock analysts at TD Cowen from $64.00 to $63.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has a “buy” rating on the transportation company’s stock. TD Cowen’s price objective indicates a potential upside of 24.01% from the stock’s previous close.

Several other research analysts have also recently weighed in on ALK. Citigroup reissued a “buy” rating and issued a $69.00 price objective (up previously from $61.00) on shares of Alaska Air Group in a research report on Wednesday, January 7th. Susquehanna boosted their price target on shares of Alaska Air Group from $52.00 to $70.00 and gave the stock a “positive” rating in a report on Friday, January 9th. Bank of America increased their price target on shares of Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. UBS Group set a $77.00 price objective on shares of Alaska Air Group and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.40.

Alaska Air Group Stock Down 4.7%

ALK opened at $50.80 on Friday. Alaska Air Group has a fifty-two week low of $37.63 and a fifty-two week high of $78.08. The firm has a market capitalization of $5.89 billion, a P/E ratio of 58.39, a PEG ratio of 0.47 and a beta of 1.22. The company’s 50-day moving average is $49.22 and its 200 day moving average is $50.78. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46.

Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.32. Alaska Air Group had a net margin of 0.70% and a return on equity of 7.22%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Alaska Air Group has set its Q1 2026 guidance at -1.500–0.500 EPS and its FY 2026 guidance at 3.500-6.500 EPS. Research analysts expect that Alaska Air Group will post 6.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

Institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its stake in Alaska Air Group by 10.8% during the second quarter. Allianz Asset Management GmbH now owns 123,947 shares of the transportation company’s stock valued at $6,133,000 after buying an additional 12,041 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Alaska Air Group in the 2nd quarter valued at about $594,000. U S Global Investors Inc. raised its holdings in shares of Alaska Air Group by 12.0% in the 2nd quarter. U S Global Investors Inc. now owns 479,052 shares of the transportation company’s stock valued at $23,703,000 after acquiring an additional 51,492 shares in the last quarter. Summit Investment Advisors Inc. bought a new stake in shares of Alaska Air Group during the 1st quarter valued at about $1,192,000. Finally, Friedenthal Financial purchased a new position in shares of Alaska Air Group during the third quarter worth about $979,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.

About Alaska Air Group

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.