Susquehanna Cuts Allegiant Travel (NASDAQ:ALGT) Price Target to $85.00

Key Points

• Susquehanna lowered Allegiant Travel’s price target from $110 to $85 while maintaining a “neutral” rating, implying approximately 9.62% upside from the stock’s $77.54 price.
• Analyst sentiment remains mixed but leans positive: Allegiant has a “Moderate Buy” consensus rating and an average price target of $123.85, with targets ranging from $85 to $160.
• Allegiant’s latest quarterly results beat earnings expectations, reporting $2.19 EPS versus a $1.27 consensus estimate, while revenue increased 36.8% year over year to $943.49 million.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) had its price objective cut by stock analysts at Susquehanna from $110.00 to $85.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 9.62% from the stock's current price.

A number of other analysts also recently issued reports on ALGT. Melius Research upgraded Allegiant Travel from a "hold" rating to a "buy" rating and set a $160.00 price target for the company in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Allegiant Travel from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a report on Wednesday, July 1st. They issued an "overweight" rating and a $156.00 price target on the stock. The Goldman Sachs Group increased their target price on Allegiant Travel from $125.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Finally, Zacks Research downgraded shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Allegiant Travel presently has an average rating of "Moderate Buy" and a consensus price target of $123.85.

Allegiant Travel Price Performance

Shares of Allegiant Travel stock opened at $77.54 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Allegiant Travel has a 12 month low of $57.11 and a 12 month high of $123.63. The stock has a 50 day moving average of $82.52 and a 200 day moving average of $87.81. The firm has a market cap of $2.12 billion, a PE ratio of 54.99, a PEG ratio of 0.21 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The company had revenue of $943.49 million for the quarter, compared to analysts' expectations of $982.70 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. Allegiant Travel's quarterly 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. On average, research analysts expect that Allegiant Travel will post 6.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Allegiant Travel in the 2nd quarter valued at about $416,591,000. Donald Smith & CO. Inc. acquired a new stake in shares of Allegiant Travel in the 2nd quarter worth $175,636,000. U S Global Investors Inc. grew its stake in Allegiant Travel by 5.1% during the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company's stock worth $24,249,000 after buying an additional 14,540 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Allegiant Travel during the 2nd quarter valued at about $33,013,000. Finally, Wellington Management Group LLP purchased a new stake in Allegiant Travel in the second quarter valued at about $26,232,000. Institutional investors own 85.81% of the company's stock.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada, and the parent company of Allegiant Air. Founded in 1997, Allegiant Air operates a low-cost, scheduled airline model designed to connect travelers in smaller and midsize U.S. cities with popular vacation destinations.

Allegiant Air provides passenger air transportation primarily within the United States, serving destinations such as Florida, Arizona, Nevada, California and other leisure markets.

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