Allegiant Travel Company (NASDAQ:ALGT – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $123.38.
A number of brokerages have weighed in on ALGT. UBS Group upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and decreased their price target for the company from $111.00 to $107.00 in a report on Sunday, September 13th. JPMorgan Chase & Co. started coverage on Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective for the company. Weiss Ratings upgraded Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $110.00 target price on shares of Allegiant Travel in a research report on Wednesday, October 7th. Finally, Citigroup reissued a “buy” rating on shares of Allegiant Travel in a research report on Tuesday, October 6th.
Check Out Our Latest Analysis on ALGT
Allegiant Travel Trading Down 4.9%
Shares of NASDAQ:ALGT traded down $3.42 during midday trading on Friday, reaching $66.98. The company’s stock had a trading volume of 429,003 shares, compared to its average volume of 469,199. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 47.50, a price-to-earnings-growth ratio of 0.23 and a beta of 1.55. The business has a 50 day moving average price of $78.17 and a 200 day moving average price of $87.27. Allegiant Travel has a 1 year low of $57.11 and a 1 year 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.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $982.70 million. During the same period last year, the company earned $1.23 EPS. The firm’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. Research analysts forecast that Allegiant Travel will post 5.91 EPS for the current year.
Institutional Trading of Allegiant Travel
A number of institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in Allegiant Travel in the second quarter valued at approximately $26,000. Allworth Financial LP purchased a new stake in Allegiant Travel during the second quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allegiant Travel in the second quarter worth $42,000. Parallel Advisors LLC increased its position in shares of Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after acquiring an additional 377 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Allegiant Travel by 40.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 584 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Allegiant Travel
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
- 3 Stocks Delivering Bigger Dividends Despite Market Uncertainty
Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.
