Alaska Air Group (NYSE:ALK) Given New $60.00 Price Target at Bank of America

Alaska Air Group (NYSE:ALK) had its target price reduced by Bank of America from $70.00 to $60.00 in a research note issued to investors on Wednesday,MarketScreener reports. Bank of America currently has a buy rating on the transportation company’s stock.

ALK has been the topic of a number of other reports. BMO Capital Markets began coverage on shares of Alaska Air Group in a research report on Tuesday, March 24th. They set an “outperform” rating and a $50.00 price target on the stock. UBS Group reduced their target price on shares of Alaska Air Group from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $71.00 price target on shares of Alaska Air Group in a research report on Friday, December 19th. Cantor Fitzgerald set a $63.00 price target on Alaska Air Group in a report on Friday, January 30th. Finally, Weiss Ratings raised Alaska Air Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Alaska Air Group has an average rating of “Moderate Buy” and an average price target of $63.67.

Alaska Air Group Stock Performance

Shares of NYSE:ALK opened at $37.65 on Wednesday. The firm has a market capitalization of $4.27 billion, a PE ratio of 43.27, a P/E/G ratio of 0.38 and a beta of 1.27. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.50 and a quick ratio of 0.46. The business has a 50-day moving average of $47.80 and a two-hundred day moving average of $47.83. Alaska Air Group has a 12 month low of $33.03 and a 12 month high of $65.88.

Alaska Air Group (NYSE:ALK) last released its quarterly earnings data on Thursday, January 22nd. The transportation company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.32. Alaska Air Group had a return on equity of 7.22% and a net margin of 0.70%.The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the previous year, the company posted $0.97 EPS. The company’s 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. As a group, research analysts forecast that Alaska Air Group will post 6.03 earnings per share for the current year.

Insider Activity

In related news, EVP Kyle B. Levine sold 2,945 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $60.02, for a total transaction of $176,758.90. Following the completion of the sale, the executive vice president directly owned 20,977 shares of the company’s stock, valued at approximately $1,259,039.54. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew R. Harrison sold 14,500 shares of Alaska Air Group stock in a transaction on Friday, February 13th. The stock was sold at an average price of $54.81, for a total transaction of $794,745.00. Following the sale, the executive vice president directly owned 20,195 shares in the company, valued at $1,106,887.95. This trade represents a 41.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 56,945 shares of company stock worth $3,204,569. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Alaska Air Group

A number of hedge funds and other institutional investors have recently modified their holdings of ALK. Allianz Asset Management GmbH grew its stake in Alaska Air Group by 40.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 173,610 shares of the transportation company’s stock valued at $8,642,000 after purchasing an additional 49,663 shares in the last quarter. CM Management LLC acquired a new position in shares of Alaska Air Group in the 3rd quarter valued at approximately $1,244,000. Generate Investment Management Ltd purchased a new position in shares of Alaska Air Group during the 4th quarter valued at approximately $40,240,000. JPMorgan Chase & Co. boosted its stake in shares of Alaska Air Group by 29.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,172 shares of the transportation company’s stock valued at $10,263,000 after buying an additional 46,445 shares during the last quarter. Finally, Arista Wealth Management LLC acquired a new stake in shares of Alaska Air Group during the third quarter worth approximately $417,000. 81.90% of the stock is owned by hedge funds and other institutional investors.

More Alaska Air Group News

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

• Positive Sentiment: Alaska unveiled a new international Business Class with private lie‑flat suites, upgraded dining and lounge access as it launches long‑haul service to Europe and Asia — a product that should help drive higher-yield international revenue and support the company’s push to be a global West Coast carrier. Alaska Airlines unveils its first-ever International Business Class Suites experience
• Positive Sentiment: Coverage in consumer/business press highlights the premium product rollout on Boeing 787‑9 Dreamliners this spring, reinforcing market awareness of the new international offering and its potential to attract higher‑fare customers. Alaska Airlines unveils lie-flat suites, upgraded perks
• Neutral Sentiment: Goldman Sachs cut its price target to $61 from $68 but kept a “buy” rating — the lower PT trims upside but the maintained buy call signals continued confidence in medium‑term fundamentals. Goldman Sachs lowers price target on ALK
• Neutral Sentiment: Bank of America lowered its target to $60 from $70 but also kept a “buy” rating, another analyst cut that reduces headline upside while keeping institutional support intact. BOFA adjusts price target on Alaska Air Group
• Neutral Sentiment: The company announced a webcast for its Q1 2026 results — an event that can trigger intra‑day volatility but is routine; investors will watch guidance and fuel-cost commentary. Alaska Air Group announces webcast of first quarter 2026 financial results
• Negative Sentiment: Analysts and commentary flagged weaker near‑term outlook driven by rising jet fuel costs and operational disruptions; Alaska trimmed its Q1 outlook citing higher fuel and demand impacts, which pressures near‑term earnings. ALK Issues Bearish Q1 View on High Fuel Costs & Operational Issues
• Negative Sentiment: Some analysts pushed downgrades tied to higher oil and macro risk, signaling increased downside if fuel prices or demand weaken further. That commentary amplifies downside risk ahead of the earnings webcast. Alaska Air Group: Double Downgrade On Oil Price And Macro Risk

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.