Allegiant Travel (NASDAQ:ALGT) Given New $110.00 Price Target at Susquehanna

Key Points

• Susquehanna cut Allegiant Travel’s price target from $132 to $110 while maintaining a “neutral” rating, implying 13.2% potential upside from the prior close.
• Analyst sentiment remains mixed but leans positive: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $127, based on nine Buy, five Hold and one Sell rating.
• Allegiant exceeded quarterly EPS expectations, reporting $2.19 versus the $1.27 consensus estimate, though revenue of $943.5 million fell short of estimates. Institutional investors own 85.81% of the company’s shares.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) had its price target cut by research analysts at Susquehanna from $132.00 to $110.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the transportation company's stock. Susquehanna's target price indicates a potential upside of 13.20% from the stock's previous close.

A number of other research analysts have also recently issued reports on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Allegiant Travel in a research note on Friday, May 29th. Morgan Stanley lifted their price objective on Allegiant Travel from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday, July 6th. Bank of America boosted their price objective on Allegiant Travel from $100.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, July 1st. Barclays started coverage on Allegiant Travel in a research note on Wednesday, July 8th. They set an "overweight" rating and a $145.00 target price for the company. Finally, UBS Group raised their target price on shares of Allegiant Travel from $103.00 to $111.00 and gave the stock a "neutral" rating in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.00.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $97.17 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. Allegiant Travel has a 1 year low of $47.83 and a 1 year high of $123.63. The company has a market cap of $1.79 billion, a PE ratio of 68.92, a PEG ratio of 0.34 and a beta of 1.53. The company's 50-day moving average is $100.93 and its two-hundred day moving average is $92.51.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 12.76% and a net margin of 0.90%.The business had revenue of $943.50 million for the quarter, compared to analyst estimates of $982.70 million. During the same period last year, the company earned $1.23 EPS. The firm's revenue 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 earnings per share for the current year.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Allegiant Travel during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allegiant Travel in the second quarter valued at approximately $42,000. Parallel Advisors LLC raised its holdings in shares of Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company's stock valued at $40,000 after purchasing an additional 377 shares during the last quarter. Signaturefd LLC lifted its position in shares of Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company's stock worth $47,000 after purchasing an additional 117 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of Allegiant Travel in the third quarter worth $69,000. Institutional investors and hedge funds own 85.81% of the company's stock.

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.

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