Allegiant Travel (NASDAQ:ALGT – Get Free Report) had its price objective increased by equities researchers at Morgan Stanley from $100.00 to $115.00 in a report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential downside of 3.09% from the stock’s previous close.
Other analysts have also issued reports about the company. Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their target price for the company from $98.00 to $156.00 in a research note on Friday, June 26th. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their price objective on Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Bank of America upped their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group increased their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.42.
View Our Latest Stock Report on ALGT
Allegiant Travel Price Performance
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. Allegiant Travel’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, equities analysts expect that Allegiant Travel will post 4.43 earnings per share for the current year.
Hedge Funds Weigh In On Allegiant Travel
Several hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings 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 purchasing an additional 377 shares in the last quarter. Signaturefd LLC grew its holdings in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after buying an additional 117 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in Allegiant Travel during the 3rd quarter valued at about $69,000. NewEdge Advisors LLC increased its position in shares of Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after buying an additional 373 shares during the period. Finally, MidFirst Bank bought a new stake in shares of Allegiant Travel during the fourth quarter valued at about $114,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.
About Allegiant Travel
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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