Alaska Air Group (ALK) Stock Price, News & Analysis

Company Overview

Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Mainline, Regional, and Horizon. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter distance network within the United States, Canada, and Mexico. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Key Stats

• Today's Range: $64.27 to $66.81
• 50-Day Range: $44.68 to $66.02
• 52-Week Range: $32.62 to $66.81
• Volume: 7.05 million shs
• Average Volume: 2.33 million shs
• Market Capitalization: $8.38 billion
• P/E Ratio: 26.62
• Dividend Yield: N/A
• Price Target: $65.86
• Consensus Rating: Moderate Buy

Alaska Air Group Stock Analysis - MarketRank™

Alaska Air Group scored higher than 80% of companies evaluated by MarketBeat, and ranked 41st out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Alaska Air Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Alaska Air Group has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 36.28%

Earnings Growth

Earnings for Alaska Air Group are expected to grow by 36.28% in the coming year, from $4.30 to $5.86 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alaska Air Group is 26.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alaska Air Group is 26.62, which means that it is trading at a more expensive P/E ratio than the Transportation sector average P/E ratio of about 17.81.

Price to Earnings Growth Ratio

Alaska Air Group has a PEG Ratio of 1.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Alaska Air Group has a P/B Ratio of 2.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.22% of the outstanding shares of Alaska Air Group have been sold short.

Short Interest Ratio / Days to Cover

Alaska Air Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alaska Air Group has recently increased by 2.81%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Alaska Air Group does not currently pay a dividend.

Dividend Growth

Alaska Air Group does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Alaska Air Group is 60.48%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Alaska Air Group will have a dividend payout ratio of 25.60% next year. This indicates that Alaska Air Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.4 / 5
• Environmental Score: -5.64

Percentage of Shares Shorted

7.22% of the outstanding shares of Alaska Air Group have been sold short.

Short Interest Ratio / Days to Cover

Alaska Air Group has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Alaska Air Group has recently increased by 2.81%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.49

News Sentiment

Alaska Air Group has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 24 news articles for Alaska Air Group this week, compared to 14 articles on an average week.

Search Interest

29 people have searched for ALK on MarketBeat in the last 30 days. This is an increase of 53% compared to the previous 30 days.

MarketBeat Follows

11 people have added Alaska Air Group to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Alaska Air Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,198,342.00 in company stock.

Percentage Held by Insiders

Only 0.68% of the stock of Alaska Air Group is held by insiders.

Percentage Held by Institutions

81.90% of the stock of Alaska Air Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALK Stock Analysis - Frequently Asked Questions

How have ALK shares performed this year?

Alaska Air Group's stock was trading at $39.07 at the beginning of the year. Since then, ALK shares have increased by 69.0% and is now trading at $66.02.
View the best growth stocks for 2024 here.

How were Alaska Air Group's earnings last quarter?

Alaska Air Group, Inc. (NYSE:ALK) announced its earnings results on Thursday, October, 31st. The transportation company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.03. Alaska Air Group's revenue for the quarter was up 8.2% on a year-over-year basis.

When did Alaska Air Group's stock split?

Shares of Alaska Air Group split on the morning of Thursday, July 10th 2014. The 2-1 split was announced on Thursday, June 12th 2014. The newly created shares were payable to shareholders after the market closes on Wednesday, July 9th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Does Alaska Air Group have any subsidiaries?

Alaska Air Group subsidiaries include Virgin America, Horizon Air Industries Inc., AAG Leasing Inc., AAG Real Property LLC., Alaska Airlines Inc., ASA Assurance Inc., ASA Beverages LLC., and McGee Air Services Inc..

Who are Alaska Air Group's major shareholders?

Alaska Air Group's top institutional investors include State Street Corp (3.12%), Primecap Management Co. CA (3.05%), Geode Capital Management LLC (1.62%) and Massachusetts Financial Services Co. MA (1.26%). Insiders that own company stock include Benito Minicucci, J Kenneth Thompson, Shane R Tackett, Andrew R Harrison, Andrea L Schneider, Kyle B Levine, Joseph A Sprague, Muehlen Constance E Von, Emily Halverson and Bradley D Tilden.
View institutional ownership trends.

How do I buy shares of Alaska Air Group?

Shares of ALK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Alaska Air Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alaska Air Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), TotalEnergies (TTE) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Air transportation, scheduled
• Sub-Industry: Airlines
• Current Symbol: NYSE:ALK
• CUSIP: 01165910
• CIK: 766421
• Web: www.alaskaair.com
• Phone: (206) 392-5040
• Fax: 302-636-5454
• Employees: 26,043
• Year Founded: 1932

Price Target and Rating

• Average Stock Price Target: $65.86
• High Stock Price Target: $90.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: -0.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.93
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.48
• Trailing P/E Ratio: 26.62
• Forward P/E Ratio: 15.35
• P/E Growth: 1.24
• Net Income: $235 million
• Net Margins: 2.99%
• Pretax Margin: 4.37%
• Return on Equity: 12.81%
• Return on Assets: 3.35%

Debt

• Debt-to-Equity Ratio: 0.93
• Current Ratio: 0.60
• Quick Ratio: 0.57

Sales & Book Value

• Annual Sales: $10.75 billion
• Price / Sales: 0.78
• Cash Flow: $8.31 per share
• Price / Cash Flow: 7.94
• Book Value: $32.12 per share
• Price / Book: 2.06

Miscellaneous

• Outstanding Shares: 126,945,000
• Free Float: 126,082,000
• Market Cap: $8.38 billion
• Optionable: Optionable
• Beta: 1.60