Allegiant Travel Company (NASDAQ:ALGT) Receives $66.89 Consensus PT from Brokerages

Shares of Allegiant Travel Company (NASDAQ:ALGT) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $70.5556.

Several research analysts recently commented on the stock. Susquehanna lifted their target price on shares of Allegiant Travel from $50.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday. Zacks Research raised shares of 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 shares of Allegiant Travel from $50.00 to $55.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a research note on Saturday, September 27th. Finally, Barclays boosted their price objective on shares of Allegiant Travel from $52.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st.

Allegiant Travel Trading Up 1.8%

Shares of ALGT opened at $63.92 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.07 and a current ratio of 1.10. Allegiant Travel has a fifty-two week low of $39.80 and a fifty-two week high of $107.57. The firm has a 50 day moving average price of $59.05 and a 200-day moving average price of $54.57. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -4.01, a PEG ratio of 0.52 and a beta of 1.71.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Monday, August 4th. The transportation company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.83 by $0.40. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The company had revenue of $689.40 million for the quarter, compared to the consensus estimate of $685.58 million. During the same period in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS. As a group, equities research analysts forecast that Allegiant Travel will post 7.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC increased its position in Allegiant Travel by 28.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 205 shares during the period. SummerHaven Investment Management LLC increased its position in Allegiant Travel by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 17,275 shares of the transportation company’s stock valued at $949,000 after purchasing an additional 338 shares during the period. Picton Mahoney Asset Management increased its position in Allegiant Travel by 6.6% during the 1st quarter. Picton Mahoney Asset Management now owns 5,550 shares of the transportation company’s stock valued at $286,000 after purchasing an additional 344 shares during the period. NewEdge Advisors LLC increased its position in Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Allegiant Travel by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 394 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.

About Allegiant Travel

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.