Allegiant Travel Company (NASDAQ:ALGT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Allegiant Travel, with nine buy ratings, one strong buy, four holds and one sell. The average 12-month price target is $127, well above the stock’s reported $76.41 price.
• Institutional investors own 85.81% of ALGT, while several hedge funds recently initiated or increased positions in the airline.
• Allegiant’s latest quarterly earnings were strong, with EPS of $2.19 beating estimates of $1.27 and revenue rising 36.8% year over year, although revenue fell short of expectations and the stock was trading down 2.1%.

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $127.00.

A number of research analysts have weighed in on ALGT shares. UBS Group boosted their target price on shares of Allegiant Travel from $103.00 to $111.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Morgan Stanley raised their price target on Allegiant Travel from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, July 6th. Bank of America lifted their price objective on Allegiant Travel from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. began coverage on Allegiant Travel in a research report on Wednesday, July 1st. They set an "overweight" rating and a $156.00 price objective for the company. Finally, The Goldman Sachs Group increased their target price on Allegiant Travel from $125.00 to $142.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds have recently modified their holdings of ALGT. Global Retirement Partners LLC bought a new position in Allegiant Travel during the second quarter worth $26,000. Allworth Financial LP acquired a new position in Allegiant Travel during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allegiant Travel in the 2nd quarter valued at $42,000. Parallel Advisors LLC grew its position in Allegiant Travel by 339.6% in the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company's stock worth $40,000 after purchasing an additional 377 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in Allegiant Travel in the 3rd quarter worth $69,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Trading Down 2.1%

NASDAQ:ALGT opened at $76.41 on Friday. Allegiant Travel has a 12 month low of $53.70 and a 12 month high of $123.63. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 54.19, a P/E/G ratio of 0.22 and a beta of 1.53. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The company's 50 day moving average is $100.84 and its 200-day moving average is $92.25.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The business had revenue of $943.49 million during the quarter, compared to analysts' expectations of $982.70 million. During the same period in the previous year, the company earned $1.23 earnings per share. Allegiant Travel's revenue for the quarter was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Equities analysts anticipate that Allegiant Travel will post 6.95 EPS for the current year.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source