BMO Capital Markets Forecasts Strong Price Appreciation for Alaska Air Group (NYSE:ALK) Stock

Alaska Air Group (NYSE:ALK) had its price objective hoisted by investment analysts at BMO Capital Markets from $42.50 to $55.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 33.57% from the company’s previous close.

ALK has been the topic of a number of other research reports. Bank of America reduced their target price on Alaska Air Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group restated a “buy” rating and issued a $54.00 target price (up from $53.00) on shares of Alaska Air Group in a research report on Wednesday, April 15th. Barclays reaffirmed an “overweight” rating and issued a $70.00 price objective (up from $60.00) on shares of Alaska Air Group in a research note on Monday, January 12th. Susquehanna boosted their price objective on Alaska Air Group from $52.00 to $70.00 and gave the company a “positive” rating in a report on Friday, January 9th. Finally, Citigroup cut their price objective on Alaska Air Group from $69.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.31.

Alaska Air Group Price Performance

NYSE:ALK opened at $41.18 on Wednesday. Alaska Air Group has a 52 week low of $33.03 and a 52 week high of $65.88. The company has a quick ratio of 0.46, a current ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $4.67 billion, a P/E ratio of 77.70, a P/E/G ratio of 6.53 and a beta of 1.27. The stock’s fifty day moving average is $43.37 and its two-hundred day moving average is $46.43.

Alaska Air Group (NYSE:ALK) last posted its earnings results on Monday, April 20th. The transportation company reported ($1.68) EPS for the quarter, missing analysts’ consensus estimates of ($1.61) by ($0.07). Alaska Air Group had a net margin of 0.51% and a return on equity of 4.96%. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the firm earned ($0.77) EPS. Alaska Air Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Alaska Air Group has set its Q2 2026 guidance at -1.000–1.000 EPS. Equities analysts expect that Alaska Air Group will post 0.31 EPS for the current year.

Insider Activity at Alaska Air Group

In related news, CFO Shane R. Tackett sold 24,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $57.15, for a total value of $1,371,600.00. Following the sale, the chief financial officer owned 43,377 shares in the company, valued at approximately $2,478,995.55. The trade was a 35.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew R. Harrison sold 5,500 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were 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 owned 30,828 shares in the company, valued at $1,745,789.64. This represents a 15.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Atlas Capital Advisors Inc. acquired a new position in Alaska Air Group during the 4th quarter worth $26,000. Foster Dykema Cabot & Partners LLC acquired a new position in Alaska Air Group during the 3rd quarter worth $28,000. AlphaQuest LLC acquired a new position in Alaska Air Group during the 3rd quarter worth $34,000. First Command Advisory Services Inc. grew its stake in Alaska Air Group by 242.5% during the 4th quarter. First Command Advisory Services Inc. now owns 685 shares of the transportation company’s stock worth $34,000 after purchasing an additional 485 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Alaska Air Group by 43.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 838 shares of the transportation company’s stock worth $42,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Alaska Air Group News Roundup

Here are the key news stories impacting Alaska Air Group this week:

• Positive Sentiment: Hawaiian Airlines joining the oneworld alliance expands global feed to Hawai’i and complements Alaska’s existing alliance membership, increasing codeshare and transfer traffic potential for Alaska’s network. Hawaiian joins oneworld
• Positive Sentiment: Alaska and Hawaiian completed a shared passenger service system (Sabre) integration, enabling smoother bookings, unified loyalty benefits and easier operations — a material step toward capturing cross‑network demand and cost synergies. Shared PSS transition
• Positive Sentiment: Reports that American Airlines and Alaska are exploring a deeper international partnership (potentially joining transatlantic/transpacific joint businesses) point to a major upside if a broader JV or revenue‑sharing deal is struck. Partnership talks
• Positive Sentiment: Commercial win: Alaska upgraded its Amazon cargo contract, supporting ancillary revenue and fleet utilization. Amazon cargo upgrade
• Neutral Sentiment: Analysts’ reactions are mixed: BMO raised its PT and Morgan Stanley trimmed its PT slightly but kept an overweight view; other shops adjusted forecasts after the quarter — consensus remains varied. Analyst moves MS price target
• Neutral Sentiment: Q1 earnings call highlights show capacity adjustments and commentary on cost pressure — useful context for analysts but not a definitive directional catalyst on its own. Earnings call highlights
• Negative Sentiment: Q1 results missed estimates (wider loss vs. year-ago) and management highlighted fuel volatility; the company suspended forward guidance, which has weighed on investor confidence. Earnings miss / gap down
• Negative Sentiment: Analysts and market commentary note shares fell after the quarter as rising fuel costs, trimmed capacity and higher unit costs pressured margins — those macro pressures remain the primary near‑term downside risk. Fuel and cost concerns

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.