Analyst Expect Big Moves From Alaska Air Group Inc (NYSE: ALK)

Currently, there are 126.94M common shares owned by the public and among those 126.39M shares have been available to trade.

The company’s stock has a 5-day price change of 16.63% and 55.20% over the past three months. ALK shares are trading 56.87% year to date (YTD), with the 12-month market performance up to 72.11% higher. It has a 12-month low price of $32.62 and touched a high of $56.95 over the same period. ALK has an average intraday trading volume of 2.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.44%, 24.72%, and 45.15% respectively.

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Institutional ownership of Alaska Air Group Inc (NYSE: ALK) shares accounts for 87.00% of the company’s 126.94M shares outstanding.

It has a market capitalization of $7.78B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 24.65, while the earnings-per-share (ttm) stands at $2.49. The company has a PEG of 1.66 and a Quick Ratio of 0.57 with the debt-to-equity ratio at 1.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.87% over the week and 2.63% over the month.

Earnings per share for the fiscal year are expected to decrease by -6.89%, and 32.98% over the next financial year. EPS should grow at an annualized rate of 14.84% over the next five years, compared to -12.33% over the past 5-year period.

Looking at the support for the ALK, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on December 04, 2024, with the firm’s price target at $50-$68. UBS coverage for the Alaska Air Group Inc (ALK) stock in a research note released on November 26, 2024 offered a Buy rating with a price target of $72. Goldman was of a view on November 15, 2024 that the stock is Buy, while Melius gave the stock Buy rating on October 28, 2024, issuing a price target of $56. Barclays on their part issued Overweight rating on October 21, 2024.

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