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

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) has been given a consensus rating of "Hold" by the eleven research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $63.70.

ALGT has been the topic of several recent analyst reports. Morgan Stanley decreased their target price on shares of Allegiant Travel from $93.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Barclays decreased their price objective on Allegiant Travel from $60.00 to $52.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. TD Cowen increased their price objective on Allegiant Travel from $35.00 to $50.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Bank of America cut their target price on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group upped their price target on Allegiant Travel from $45.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th.

Allegiant Travel Price Performance

Shares of ALGT stock traded up $0.26 during trading hours on Friday, reaching $54.28. The company had a trading volume of 365,588 shares, compared to its average volume of 428,464. Allegiant Travel has a 12-month low of $36.09 and a 12-month high of $107.57. The company has a market capitalization of $990.61 million, a price-to-earnings ratio of -4.69, a PEG ratio of 0.30 and a beta of 1.74. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.87 and a current ratio of 0.90. The stock has a fifty day moving average of $52.03 and a 200-day moving average of $68.71.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The transportation company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.54 by $0.27. Allegiant Travel had a positive return on equity of 5.46% and a negative net margin of 8.11%. The business had revenue of $699.07 million for the quarter, compared to analyst estimates of $700.00 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Allegiant Travel will post 7.7 earnings per share for the current year.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently modified their holdings of ALGT. Farther Finance Advisors LLC lifted its stake in Allegiant Travel by 489.1% during the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock worth $28,000 after acquiring an additional 450 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Allegiant Travel by 94.5% during the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock worth $43,000 after purchasing an additional 223 shares during the period. Sterling Capital Management LLC lifted its position in shares of Allegiant Travel by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock worth $47,000 after purchasing an additional 442 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake 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 purchasing an additional 817 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock valued at $56,000 after purchasing an additional 138 shares during the period. 85.81% of the stock is 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.