Allegiant Travel Company (ALGT) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is “Moderate Buy”: Of 15 analysts, nine rate Allegiant Travel a buy, one a strong buy, four a hold and one a sell. The average 12-month price target is $123.38, with recent targets ranging from $110 to $160.
• Institutional ownership is substantial: Major investors including BlackRock and Donald Smith & Co. established sizable positions during the second quarter, and institutions collectively own 85.81% of ALGT shares.
• Recent results beat earnings expectations but showed mixed metrics: Allegiant reported quarterly EPS of $2.19 versus the $1.27 consensus estimate, while revenue of $943.49 million fell short of estimates despite rising 36.8% year over year. Shares opened at $76.43, well below their 52-week high of $123.63.

Shares of Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $123.38.

A number of analysts recently commented on ALGT shares. JPMorgan Chase & Co. started coverage on shares of Allegiant Travel in a research note on Wednesday, July 1st. They set an "overweight" rating and a $156.00 price target on the stock. Raymond James Financial reiterated a "strong-buy" rating and issued a $110.00 price objective on shares of Allegiant Travel in a research note on Wednesday. Zacks Research cut shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 15th. Melius Research upgraded Allegiant Travel from a "hold" rating to a "buy" rating and set a $160.00 target price on the stock in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group raised their price target on Allegiant Travel from $125.00 to $142.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Allegiant Travel during the 2nd quarter valued at about $416,591,000. Donald Smith & CO. Inc. bought a new position in shares of Allegiant Travel in the second quarter valued at approximately $175,636,000. Bank of New York Mellon Corp purchased a new position in Allegiant Travel during the second quarter valued at approximately $33,013,000. Wellington Management Group LLP purchased a new position in Allegiant Travel during the second quarter valued at approximately $26,232,000. Finally, Heartland Advisors Inc. bought a new stake in Allegiant Travel during the 2nd quarter worth approximately $21,737,000. Institutional investors own 85.81% of the company's stock.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $76.43 on Friday. The company has a market cap of $2.09 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.55. Allegiant Travel has a 52 week low of $57.11 and a 52 week high of $123.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The firm's 50-day simple moving average is $81.25 and its two-hundred day simple moving average is $87.71.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The company's quarterly revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Research analysts predict that Allegiant Travel will post 6.01 earnings per share for the current year.

Allegiant Travel Company Profile

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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