Citigroup Reiterates Sell Rating on Alaska Air Group
Citigroup's analyst John Godyn maintains a sell rating on Alaska Air Group, setting a target price of $47, a 10.27% downside from the current price.
Key Points
- Citigroup's John Godyn reiterated a sell rating for Alaska Air Group, with a price target of $47 as of June 26, 2026.
- Citigroup's $47 price target implies 10.27% downside from Alaska Air Group, Inc.'s ($ALK) current $52.38 share price.
- Alaska Air Group, trading at $53.63 on Friday, has a market cap of about $5.94 billion and a forward P/E of 8.53.
- Several insiders bought shares in May and June 2026, while other analysts maintain a buy rating with higher targets.
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On June 26, 2026, Citigroup analyst John Godyn reiterated a sell rating on Alaska Air Group, Inc. (NYSE: ALK), setting a target price of $47. This comes as the stock traded at $53.63 on Friday.
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Other Institutional Activity in Alaska Air Group
BlackRock, Inc. grew its holdings by 1,225,487 shares, ending with 11,749,530 shares worth about $432.1 million. Dimensional Fund Advisors LP increased its position by 145,484 shares, resulting in 6,348,163 shares valued at $233.5 million. Vanguard Portfolio Management LLC opened a new position with 5,158,704 shares valued at $189.7 million. Similarly, Vanguard Capital Management LLC also initiated a stake with 5,050,588 shares worth $185.8 million. American Century Companies Inc. boosted its holdings by 607,182 shares to 4,938,746 shares, valued at $181.6 million.
Alaska Air Group, Inc. Stock Up 23.8%
Shares of NYSE:ALK traded near $53.63 on Friday. Alaska Air Group has a market cap of about $5.94 billion, a P/E ratio of 108.76, and a forward P/E of 8.53. The stock's 52-week range is between $33.03 and $65.88, with a 50-day moving average of $42.77 and a 200-day moving average of $46.48. The company has a beta of 1.31, a current ratio of 0.43, and a debt-to-equity ratio of 178.72.
$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 approximately $14.4 billion with a growth rate of 5.2%. The company posted an EPS of $0.49, a net margin of 0.51%, and a return on equity of 1.86%. The next earnings report is expected on July 22, 2026.
Insider Buying and Selling at Alaska Air Group, Inc.
In June 2026, insider Michael Sievert purchased 4,258 shares at an average price of $44.52. In May, several insiders, including Kathleen Hogan, Helvi Kay Sandvik, Peter Shimer, Eric Yeaman, and Daniel Kevin Elwell, each bought 5,186 shares at $38.56.
Analysts Set New Price Targets
On June 26, 2026, Citigroup maintained its sell rating with a $47 price target. Evercore ISI Group, on June 25, reiterated a buy rating with a target of $65. UBS kept a buy rating on June 23 with a target of $62. The consensus among analysts is a strong buy, with an average target price of $58.5 based on 16 opinions.
About Alaska Air Group
Alaska Air Group, Inc., based in Seattle, Washington, operates airlines through its subsidiaries, including Alaska Airlines and Hawaiian Airlines. It offers scheduled air transportation for passengers and cargo across the United States and to parts of Canada, Mexico, and Central America. Led by CEO Benito Minicucci, the company employs approximately 31,465 people.
Bottom Line
Citigroup's reiterated sell rating on Alaska Air Group reflects a cautiously bearish outlook, with a target price of $47. Investors should note that 13F filings and analyst reports are backward-looking and may not reflect the most current positions or sentiments. Alaska Air Group's stock performance and insider activities suggest a dynamic market perspective.
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