Citigroup Has Lowered Expectations for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its price objective dropped by research analysts at Citigroup from $69.00 to $51.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 38.40% from the stock’s previous close.

ALK has been the topic of several other research reports. Bank of America increased their price target on Alaska Air Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Barclays reiterated an “overweight” rating and set a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research report on Monday, January 12th. Raymond James Financial reissued an “outperform” rating and issued a $71.00 target price on shares of Alaska Air Group in a research note on Friday, December 19th. TD Cowen cut their price target on shares of Alaska Air Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Finally, UBS Group reduced their price objective on shares of Alaska Air Group from $77.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus target price of $67.00.

Alaska Air Group Trading Down 2.8%

ALK opened at $36.85 on Friday. The stock has a 50-day moving average of $49.61 and a 200 day moving average of $49.26. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Alaska Air Group has a 12 month low of $36.68 and a 12 month high of $65.88. The firm has a market cap of $4.22 billion, a P/E ratio of 42.36, a P/E/G ratio of 0.39 and a beta of 1.17.

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, beating analysts’ consensus estimates of $0.11 by $0.32. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. 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. As a group, research analysts forecast that Alaska Air Group will post 6.03 EPS for the current year.

Insider Buying and Selling at Alaska Air Group

In other Alaska Air Group news, EVP Andrew R. Harrison sold 5,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $56.63, for a total value of $311,465.00. Following the completion of the sale, the executive vice president directly owned 30,828 shares in the company, valued at approximately $1,745,789.64. This represents a 15.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kyle B. Levine sold 2,945 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $60.02, for a total value of $176,758.90. Following the transaction, the executive vice president directly owned 20,977 shares in the company, valued at $1,259,039.54. The trade was a 12.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,945 shares of company stock valued at $3,204,569 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ellis Investment Partners LLC grew its holdings in Alaska Air Group by 0.5% during the 3rd quarter. Ellis Investment Partners LLC now owns 40,885 shares of the transportation company’s stock worth $2,035,000 after acquiring an additional 212 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of Alaska Air Group by 30.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 910 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 212 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of Alaska Air Group by 19.9% in the 3rd quarter. True Wealth Design LLC now owns 1,397 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 232 shares in the last quarter. Lesa Sroufe & Co raised its holdings in shares of Alaska Air Group by 0.7% in the 3rd quarter. Lesa Sroufe & Co now owns 36,589 shares of the transportation company’s stock valued at $1,821,000 after purchasing an additional 242 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Alaska Air Group by 6.0% during the 3rd quarter. GAMMA Investing LLC now owns 4,387 shares of the transportation company’s stock worth $218,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group Company Profile

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.