Allegiant Travel Company (NASDAQ:ALGT – Get Free Report) was up 9.3% on Wednesday . The company traded as high as $75.43 and last traded at $76.3790. Approximately 151,952 shares were traded during trading, a decline of 73% from the average daily volume of 554,349 shares. The stock had previously closed at $69.87.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on ALGT shares. Susquehanna reissued a “positive” rating and set a $110.00 price target on shares of Allegiant Travel in a research report on Friday, February 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st. Wolfe Research raised shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Tuesday, January 20th. UBS Group lifted their price target on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Finally, Citigroup reduced their price target on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and an average price target of $102.70.
View Our Latest Stock Report on Allegiant Travel
Allegiant Travel Stock Up 10.4%
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating the consensus estimate of $3.40 by $0.37. The business had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, equities research analysts predict that Allegiant Travel Company will post 4.07 EPS for the current fiscal year.
Institutional Investors Weigh In On Allegiant Travel
Several institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its position in Allegiant Travel by 442.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after buying an additional 442 shares in the last quarter. Parallel Advisors LLC lifted its position in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after buying an additional 377 shares in the last quarter. Signaturefd LLC lifted its position in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC lifted 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 worth $67,000 after buying an additional 373 shares in the last quarter. Finally, AlphaQuest LLC lifted its position in Allegiant Travel by 119.2% during the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock worth $68,000 after buying an additional 609 shares in the last quarter. 85.81% of the stock is owned by institutional investors.
Allegiant Travel Company Profile
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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