Wall Street Zen Downgrades Allegiant Travel (NASDAQ:ALGT) to Hold

Posted by on Aug 17th, 2026

Allegiant Travel (NASDAQ:ALGT – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. initiated coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Tuesday, July 7th. Bank of America lifted their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Susquehanna decreased their target price on shares of Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $127.00.

Check Out Our Latest Analysis on ALGT

Allegiant Travel Stock Performance

Shares of Allegiant Travel stock opened at $85.75 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of 60.82, a P/E/G ratio of 0.23 and a beta of 1.53. The stock’s 50 day simple moving average is $101.13 and its 200-day simple moving average is $92.48. Allegiant Travel has a 1-year low of $53.70 and a 1-year high of $123.63. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80.

Allegiant Travel (NASDAQ:ALGT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The firm had revenue of $943.49 million during the quarter, compared to analysts’ expectations of $982.70 million. During the same quarter last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Analysts predict that Allegiant Travel will post 7.14 EPS for the current fiscal year.

Institutional Trading of Allegiant Travel

A number of hedge funds and other institutional investors have recently modified their holdings of ALGT. BlackRock Inc. acquired a new position in Allegiant Travel in the second quarter valued at about $416,591,000. Donald Smith & CO. Inc. acquired a new stake in shares of Allegiant Travel during the second quarter valued at about $175,636,000. Dimensional Fund Advisors LP raised its stake in shares of Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after acquiring an additional 7,228 shares during the period. Par Capital Management Inc. raised its stake in shares of Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after acquiring an additional 58,566 shares during the period. Finally, State Street Corp lifted its holdings in shares of Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after acquiring an additional 2,282 shares during the last quarter. 85.81% of the stock is owned by institutional investors and hedge funds.

Allegiant Travel Company Profile

(Get Free Report)

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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Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

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