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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Alaska Air Group (ALK-N) is a top pick for experts with an estimated upside potential of 31-36%. The company is expected to see large cost-saving synergies from its acquisition of Hawaiian, and it is reporting expanding margins in both passenger and cargo. Quarterly cash reserves are growing, while debt is retired and shares are being bought back. The stock experienced a price drop due to the grounding of its Max 9 fleet by Boeing, but it is now recovering following recently released earnings.

Consensus
Positive
Valuation
Undervalued
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Alaska Air Group
Stockchase Research Editor: Michael O'Reilly

We reiterate ALK as a TOP PICK.  The company expects its acquisition of Hawaiian to close in the next 18 months and they expect to see large cost-saving synergies.  Quarterly cash reserves are growing, while debt is retired and shares bought back.  It trades at 21x earnings and 1.2x book value.  We recommend trailing up the stop (from $31) to $33, looking to achieve $51 -- upside potential of 31%.  Yield 0%

(Analysts’ price target is $51.10)
Transportation
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Alaska Air Group
Stockchase Research Editor: Michael O'Reilly

ALK has estimated the grounding by Boeing of its Max 9 fleet will likely hinder some of its capacity for a while.  For this the market clipped its share price by 20%, but now it is recovering following recently released earnings.  The company is reporting expanding margins in both passenger and cargo.  It trades at only 1.1x book and 13x earnings.  Quarterly cash reserves are growing as debt is retired and shares bought back.  We recommend setting a stop-loss at $31, looking to achieve $51 -- upside potential of 36%.  Yield 0%     

(Analysts’ price target is $51.50)
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DON'T BUY
Alaska Air Group

Is leaving the S&P. Shares sank today after taking over Hawaiian Airlines. Not worth chasing this.

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BUY
Alaska Air Group
March was their best-ever month for cash sales and project Q2 revenue to be up 5-8% vs. 2019. They expect to return to profitability by year's end. Problem is everyone knows ALK is a strong performer, so it's hard to expect an upside surprise. It trades at a cheap 14x earnings.
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BUY
Alaska Air Group
All airlines are seeing tremendous demand and are raising prices to absorb higher fuel costs.
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BUY
Alaska Air Group
An inflation-protection trade: Energy is the obvious play. Kinder Morgan is a laggard in energy, though not directly tied to oil prices, but will benefit during this rally. Also likes Cleveland-Cliffs which reports tomorrow. Down from highs, but still very high and lifted by high steel prices. Upside here as the economy expands. Alaska Air. Costs are up, but airline are good at passing on costs to customers. People will come out of hibernation to fly, so demand is up.
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Alaska Air Group(ALK-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 1

Stockchase rating for Alaska Air Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Alaska Air Group(ALK-N) Frequently Asked Questions

What is Alaska Air Group stock symbol?

Alaska Air Group is a American stock, trading under the symbol ALK-N on the New York Stock Exchange (ALK). It is usually referred to as NYSE:ALK or ALK-N

Is Alaska Air Group a buy or a sell?

In the last year, 1 stock analyst published opinions about ALK-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Alaska Air Group.

Is Alaska Air Group a good investment or a top pick?

Alaska Air Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Alaska Air Group.

Why is Alaska Air Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Alaska Air Group worth watching?

1 stock analyst on Stockchase covered Alaska Air Group In the last year. It is a trending stock that is worth watching.

What is Alaska Air Group stock price?

On 2024-04-24, Alaska Air Group (ALK-N) stock closed at a price of $44.29.