Allegiant Travel Company (NASDAQ:ALGT) Given Average Recommendation of "Hold" by Analysts

Key Points

• Allegiant Travel Company has received an average analyst rating of "Hold" from ten ratings firms, with one sell, seven hold, one buy, and one strong buy recommendation.
• The company's stock price has a 12-month average target of $64.33, with recent price changes from various analysts, including a boost from TD Cowen and a reduction from Bank of America.
• Allegiant Travel reported $1.23 EPS for the last quarter, exceeding estimates and demonstrating a 3.5% revenue increase year-over-year.

Shares of Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $64.3333.

A number of research analysts recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Bank of America lowered their price target on shares of Allegiant Travel from $50.00 to $45.00 and set an "underperform" rating for the company in a research report on Tuesday, July 8th. Zacks Research raised shares of Allegiant Travel from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. TD Cowen lifted their target price on shares of Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Finally, Susquehanna reaffirmed a "neutral" rating and issued a $50.00 target price (up from $45.00) on shares of Allegiant Travel in a report on Tuesday, August 5th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in shares of Allegiant Travel by 489.1% in the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock worth $28,000 after acquiring an additional 450 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Allegiant Travel by 28.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company's stock valued at $51,000 after purchasing an additional 205 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Allegiant Travel by 376.5% during 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 purchasing an additional 817 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Allegiant Travel by 58.1% during the second quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company's stock valued at $61,000 after purchasing an additional 407 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company's stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Trading Down 2.9%

Shares of ALGT traded down $1.81 during trading hours on Friday, reaching $60.73. 253,727 shares of the company traded hands, compared to its average volume of 440,636. The company's fifty day moving average price is $56.03 and its two-hundred day moving average price is $54.66. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -3.81, a price-to-earnings-growth ratio of 0.58 and a beta of 1.71. 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 12 month low of $39.10 and a 12 month high of $107.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.40. The firm had revenue of $689.40 million for the quarter, compared to analyst estimates of $685.58 million. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750--1.750 EPS. Equities research analysts predict that Allegiant Travel will post 7.7 earnings per share for the current fiscal year.

About Allegiant Travel

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.