Allegiant Travel (NASDAQ:ALGT) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Allegiant Travel, while Zacks has upgraded it to a "Hold." This reflects varying opinions among analysts about the company's performance.
• Allegiant Travel's recent stock performance shows a trading price of $62.30, with a market capitalization of $1.14 billion and an annual price range between $39.80 and $107.57.
• The company reported earnings of $1.23 per share for the last quarter, exceeding the consensus estimate of $0.83, indicating positive revenue growth of 3.5% compared to the previous year.

Allegiant Travel (NASDAQ:ALGT - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on ALGT. Zacks Research upgraded Allegiant Travel from a "strong sell" rating to a "hold" rating in a research note on Thursday, September 4th. Bank of America lifted their target price on Allegiant Travel from $50.00 to $55.00 and gave the company an "underperform" rating in a research note on Wednesday, October 1st. Morgan Stanley decreased their target price on Allegiant Travel from $85.00 to $83.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. UBS Group lifted their target price on Allegiant Travel from $52.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, September 26th. Finally, Susquehanna lifted their target price on Allegiant Travel from $50.00 to $65.00 and gave the company a "neutral" rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Allegiant Travel currently has an average rating of "Hold" and an average price target of $70.56.

Allegiant Travel Stock Performance

Shares of ALGT stock traded up $0.18 during trading hours on Wednesday, reaching $62.30. 220,647 shares of the company's stock were exchanged, compared to its average volume of 430,254. Allegiant Travel has a 1 year low of $39.80 and a 1 year high of $107.57. The company has a market cap of $1.14 billion, a P/E ratio of -3.91, a price-to-earnings-growth ratio of 0.52 and a beta of 1.71. The company's 50 day moving average is $59.28 and its two-hundred day moving average is $54.62. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07.

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

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds have recently bought and sold shares of ALGT. Farther Finance Advisors LLC boosted its holdings in Allegiant Travel by 489.1% during the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company's stock valued at $28,000 after acquiring an additional 450 shares during the period. Steward Partners Investment Advisory LLC lifted its stake 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 period. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 817 shares during the period. GAMMA Investing LLC lifted its stake 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 period. Finally, NewEdge Advisors LLC lifted its stake 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 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.

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