Allegiant Travel Company (NASDAQ:ALGT) Receives Average Rating of "Hold" from Analysts

Key Points

• Allegiant Travel Company (NASDAQ:ALGT) has an average analyst rating of "Hold," with two sell ratings, eight hold ratings, one buy rating, and one strong buy rating.
• The stock price target among analysts ranges from $50.00 to $85.00, with recent adjustments indicating a mixed outlook.
• Allegiant Travel's shares have shown volatility, currently trading around $66.51, with a 52-week range of $39.80 to $107.57.

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) has received an average rating of "Hold" from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $70.5556.

ALGT has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of Allegiant Travel from $50.00 to $55.00 and gave the stock an "underperform" rating in a report on Wednesday, October 1st. Barclays increased their price target on shares of Allegiant Travel from $52.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 1st. Morgan Stanley lowered their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Weiss Ratings reissued a "sell (d)" rating on shares of Allegiant Travel in a report on Friday. Finally, Evercore ISI increased their price target on shares of Allegiant Travel from $75.00 to $85.00 and gave the stock an "outperform" rating in a report on Monday, September 29th.

Allegiant Travel Stock Up 2.7%

Shares of Allegiant Travel stock opened at $66.51 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 1.68. Allegiant Travel has a 52-week low of $39.80 and a 52-week high of $107.57. The company has a market cap of $1.22 billion, a P/E ratio of -4.17, a PEG ratio of 0.51 and a beta of 1.71. The firm's 50 day moving average price is $62.30 and its 200-day moving average price is $55.74.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Thursday, May 12th. The transportation company reported $1.18 earnings per share (EPS) for the quarter. The business had revenue of $496.88 million during the quarter. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. On average, sell-side analysts predict that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Allegiant Travel

Large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its position in shares of Allegiant Travel by 28.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company's stock valued at $51,000 after buying an additional 205 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Allegiant Travel by 376.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,034 shares of the transportation company's stock valued at $53,000 after buying an additional 817 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Allegiant Travel by 58.1% in the second quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company's stock valued at $61,000 after buying an additional 407 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Allegiant Travel by 43.7% in the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company's stock valued at $67,000 after buying an additional 373 shares during the last quarter. Finally, CWM LLC raised its position in shares of Allegiant Travel by 400.8% in the first quarter. CWM LLC now owns 2,559 shares of the transportation company's stock valued at $132,000 after buying an additional 2,048 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Company Profile

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.

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