Allegiant Travel Company (NASDAQ:ALGT) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts hold a “Moderate Buy” consensus on Allegiant Travel, with 9 buy, 2 strong-buy, 3 hold and 1 sell rating among 15 analysts. The average 12-month price target is $125.77.
• Institutional investors and hedge funds own 85.81% of ALGT shares, with several firms recently initiating or increasing positions.
• Allegiant reported quarterly EPS of $2.19, beating the $1.27 consensus estimate, while revenue rose 36.8% year over year to $943.49 million but came in below expectations.

Allegiant Travel Company (NASDAQ:ALGT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $125.7692.

A number of equities research analysts have issued reports on ALGT shares. Zacks Research raised shares of Allegiant Travel from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Raymond James Financial raised Allegiant Travel from an "outperform" rating to a "strong-buy" rating and cut their price target for the stock from $138.00 to $116.00 in a report on Monday, August 24th. Weiss Ratings upgraded Allegiant Travel from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. assumed coverage on Allegiant Travel in a research note on Wednesday, July 1st. They set an "overweight" rating and a $156.00 price objective on the stock. Finally, Bank of America increased their price objective on Allegiant Travel from $100.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, July 1st.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors and hedge funds have recently modified their holdings of ALGT. Global Retirement Partners LLC purchased a new position in shares of Allegiant Travel during the second quarter worth about $26,000. Allworth Financial LP purchased a new stake in Allegiant Travel in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allegiant Travel in the second quarter valued at approximately $42,000. Parallel Advisors LLC lifted its position in Allegiant Travel by 339.6% during 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. Finally, MidFirst Bank bought a new stake in Allegiant Travel during the fourth quarter valued at approximately $114,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Price Performance

ALGT opened at $78.50 on Tuesday. The firm has a 50-day moving average price of $90.94 and a 200-day moving average price of $88.86. Allegiant Travel has a twelve month low of $57.11 and a twelve month 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 company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 55.67, a PEG ratio of 0.22 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.92. The company had revenue of $943.49 million for the quarter, compared to analysts' expectations of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. Allegiant Travel's revenue was up 36.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000--0.000 EPS. Equities analysts expect that Allegiant Travel will post 6.83 EPS for the current year.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel and aviation company headquartered in Las Vegas, Nevada. Its principal subsidiary, Allegiant Air, operates scheduled and charter passenger flights, primarily connecting smaller regional airports with popular vacation destinations in the United States.

Allegiant Air's business model emphasizes low base fares and a range of optional services, including baggage, seat selection, priority boarding and other travel-related products. The airline primarily serves leisure travelers and operates routes to destinations such as Florida, Las Vegas, Arizona and other vacation markets, with service designed around demand for leisure travel rather than extensive daily connectivity between major business centers.

Allegiant Travel was established in 1997, and Allegiant Air began scheduled passenger operations in 1999.

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