Allegiant Travel Company (NASDAQ:ALGT – Get Free Report)’s stock price reached a new 52-week high on Monday after Morgan Stanley raised their price target on the stock from $100.00 to $115.00. Morgan Stanley currently has an equal weight rating on the stock. Allegiant Travel traded as high as $123.63 and last traded at $121.2550, with a volume of 615052 shares trading hands. The stock had previously closed at $118.67.
ALGT has been the topic of a number of other research reports. The Goldman Sachs Group increased their target price on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday. Bank of America upped their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. initiated coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price objective on the stock. Finally, Citigroup upgraded shares of 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 report on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.42.
Read Our Latest Stock Analysis on Allegiant Travel
Institutional Inflows and Outflows
Allegiant Travel Trading Up 2.6%
The stock has a market capitalization of $2.24 billion, a PE ratio of -59.75, a PEG ratio of 0.52 and a beta of 1.51. The stock’s 50 day moving average price is $89.38 and its 200-day moving average price is $89.82. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. During the same period in the previous year, the firm earned $2.11 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts expect that Allegiant Travel Company will post 4.43 earnings per share for the current fiscal year.
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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