B of A Securities Reiterates Buy Rating for Alaska Air Group
Alaska Air Group receives a buy rating from B of A Securities with a $65 target price, a 22.39% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating for Alaska Air Group (ALK) with a price target of $65 on July 1, 2026.
- B of A Securities's $65 price target implies 22.39% upside from Alaska Air Group, Inc.'s ($ALK) current $53.11 share price.
- Alaska Air Group's shares traded at $52.38 on Wednesday, with a market cap of $5.82 billion and a forward P/E of 8.32.
- Insider buying activity was noted in June, while analysts maintain mixed ratings with a consensus target price of $59.44.
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On July 1, 2026, B of A Securities reiterated its buy rating on Alaska Air Group, Inc. (NYSE: ALK), setting a price target of $65. This rating by analyst Andrew Didora reflects continued confidence in the airline's potential.
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Other Institutional Activity in Alaska Air Group
Several institutional investors have made moves in Alaska Air Group recently. BlackRock, Inc. increased its holdings by 1,225,487 shares, bringing its total to 11,749,530 shares valued at approximately $432.1 million, an 11.6% increase. Dimensional Fund Advisors LP added 145,484 shares, ending with 6,348,163 shares worth about $233.5 million, reflecting a 2.3% increase. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 5,158,704 and 5,050,588 shares respectively, valued at $189.7 million and $185.8 million. American Century Companies Inc. also increased its stake by 607,182 shares, a 14% increase, totaling 4,938,746 shares valued at $181.6 million.
Alaska Air Group, Inc. Stock Up 25.5%
Shares of NYSE:ALK traded near $52.38 on Wednesday. Alaska Air Group has a market cap of $5.82 billion, a P/E ratio of 106.5, and a forward P/E of 8.32, indicating expected future earnings growth. The stock has a 52-week low of $33.03 and a high of $65.88, with a 50-day moving average of $43.21 and a 200-day moving average of $46.38. The company's debt-to-equity ratio is notably high at 178.7, suggesting significant leverage.
$ALK price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Alaska Air Group reported revenue of $14.4 billion, with a growth rate of 5.2%. The company's earnings per share (EPS) stood at $0.49. Despite a modest net margin of 0.51%, the return on equity (ROE) was 1.86%. The airline is scheduled to announce its next earnings on July 22, 2026.
Insider Buying and Selling at Alaska Air Group, Inc.
Recent insider buying at Alaska Air Group includes Shane Tackett, President of Operations and CFO, purchasing 4,100 shares on June 29, 2026. Earlier, on June 1, 2026, Michael Sievert bought 4,258 shares at an average price of $44.52. Other insiders, including Kathleen Hogan, Helvi Kay Sandvik, Peter Shimer, and Eric Yeaman, each acquired 5,186 shares at $38.56 on May 13, 2026.
Analysts Set New Price Targets
On July 1, 2026, B of A Securities maintained its buy rating with a $65 price target. Citigroup recently maintained a sell rating with a $47 target on June 26, while Evercore ISI Group also maintained a buy rating and a $65 target on June 25. The consensus among analysts is a strong buy, with a mean target price of $59.44 from 16 opinions.
About Alaska Air Group
Alaska Air Group, Inc., headquartered in Seattle, WA, operates airlines through its subsidiaries. It provides scheduled air transportation for passengers and cargo across the United States and international destinations including Canada, Mexico, and Central America. The company, led by CEO Mr. Benito Minicucci, employs over 31,000 people and operates through three segments: Alaska Airlines, Hawaiian Airlines, and Regional.
Bottom Line
B of A Securities' reiterated buy rating highlights ongoing confidence in Alaska Air Group's future prospects. Investors closely watch these ratings as they can influence market perception and stock performance. Remember, 13F filings and analyst ratings are backward-looking and might not represent current positions or future outlooks.
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