JPMorgan Chase & Co. Issues Pessimistic Forecast for Alaska Air Group (NYSE:ALK) Stock Price

Alaska Air Group (NYSE:ALK) had its target price decreased by research analysts at JPMorgan Chase & Co. from $94.00 to $92.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 99.57% from the company’s previous close.

A number of other equities analysts also recently weighed in on ALK. BMO Capital Markets upped their price target on shares of Alaska Air Group from $55.00 to $62.50 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Susquehanna boosted their target price on Alaska Air Group from $50.00 to $70.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Citigroup lowered their target price on Alaska Air Group from $47.00 to $37.00 and set a “sell” rating on the stock in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of Alaska Air Group in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Alaska Air Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.65.

Alaska Air Group Price Performance

Shares of ALK opened at $46.10 on Friday. The business’s 50-day moving average is $46.53 and its 200-day moving average is $45.85. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.55 and a quick ratio of 0.39. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of -29.36 and a beta of 1.28. Alaska Air Group has a fifty-two week low of $33.03 and a fifty-two week high of $65.88.

Alaska Air Group (NYSE:ALK) last released its earnings results on Tuesday, July 21st. The transportation company reported ($0.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Equities research analysts expect that Alaska Air Group will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Alaska Air Group

A number of large investors have recently bought and sold shares of ALK. Vanguard Group Inc. increased its position in Alaska Air Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,059,404 shares of the transportation company’s stock worth $556,288,000 after buying an additional 110,628 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alaska Air Group by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,348,163 shares of the transportation company’s stock worth $233,463,000 after buying an additional 145,484 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Alaska Air Group by 86.8% during the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock worth $159,720,000 after acquiring an additional 1,475,350 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Alaska Air Group by 24.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,962,620 shares of the transportation company’s stock worth $149,020,000 after acquiring an additional 588,119 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Alaska Air Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,149,777 shares of the transportation company’s stock valued at $108,166,000 after acquiring an additional 35,352 shares during the last quarter. 81.90% of the stock is currently owned by institutional investors.

More Alaska Air Group News

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

• Positive Sentiment: JPMorgan cut its price target on Alaska Air Group to $92 from $94, but kept an overweight rating, signaling that the firm still sees major upside versus the current share price.
• Positive Sentiment: The FAA said airlines could receive up to $2.2 billion in rebates to help cover the cost of retrofitting aircraft for wireless interference protection, which could reduce future compliance expenses for Alaska Air Group and peers. Article: US targets $2.2 billion in rebates to airlines that retrofit planes over wireless interference
• Neutral Sentiment: Recent earnings coverage highlighted that Alaska Air’s underlying business improved, but results were pressured by higher fuel costs, suggesting operational strength is being offset by a volatile cost environment.
• Negative Sentiment: Citigroup lowered its price target on Alaska Air Group to $37 from $47 and reiterated a sell rating, indicating concern that the shares may be overvalued relative to near-term fundamentals.
• Negative Sentiment: Reuters reported that rising jet fuel prices are making U.S. airline earnings forecasts harder to predict, a broad industry headwind that can pressure margins for Alaska Air Group.

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.