Alaska Air Group (NYSE:ALK) Given New $37.00 Price Target at Citigroup

Alaska Air Group (NYSE:ALK) had its target price reduced by Citigroup from $47.00 to $37.00 in a research note published on Friday,Benzinga reports. Citigroup currently has a sell rating on the transportation company’s stock.

A number of other analysts have also issued reports on ALK. Zacks Research upgraded shares of Alaska Air Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered Alaska Air Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Wall Street Zen lowered Alaska Air Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. UBS Group restated a “buy” rating and set a $62.00 price objective (up from $56.00) on shares of Alaska Air Group in a report on Tuesday, June 23rd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $59.00 price objective (up from $51.00) on shares of Alaska Air Group in a research report on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alaska Air Group currently has an average rating of “Moderate Buy” and a consensus price target of $65.65.

Alaska Air Group Price Performance

NYSE:ALK opened at $46.10 on Friday. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of -29.36 and a beta of 1.28. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.58. The company’s 50-day moving average is $46.53 and its two-hundred day moving average is $45.85. 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 issued its quarterly earnings results on Tuesday, July 21st. The transportation company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.07. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4.09 billion. Alaska Air Group had a negative net margin of 1.19% and a negative return on equity of 3.11%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share. Alaska Air Group has set its Q3 2026 guidance at 0.000-1.000 EPS. Research analysts expect that Alaska Air Group will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Alaska Air Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Research Global Investors boosted its holdings in shares of Alaska Air Group by 86.8% in the 4th quarter. Capital Research Global Investors now owns 3,175,350 shares of the transportation company’s stock valued at $159,720,000 after purchasing an additional 1,475,350 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Alaska Air Group by 19,661.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,235,901 shares of the transportation company’s stock worth $62,166,000 after buying an additional 1,229,647 shares during the period. Jain Global LLC purchased a new position in shares of Alaska Air Group in the 4th quarter worth $53,683,000. BNP Paribas Financial Markets raised its position in shares of Alaska Air Group by 1,563.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,092,368 shares of the transportation company’s stock worth $54,378,000 after buying an additional 1,026,710 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Alaska Air Group in the third quarter valued at $48,583,000. Institutional investors and hedge funds own 81.90% of the company’s stock.

Key Stories Impacting Alaska Air Group

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.