Allegiant Travel (NASDAQ:ALGT) Given New $100.00 Price Target at Bank of America

Allegiant Travel (NASDAQ:ALGT) had its price objective upped by equities researchers at Bank of America from $90.00 to $100.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price objective suggests a potential upside of 13.55% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Susquehanna reissued a “positive” rating and set a $110.00 price objective on shares of Allegiant Travel in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Evercore boosted their price objective on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Finally, UBS Group raised their price objective on Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Allegiant Travel currently has an average rating of “Hold” and an average price target of $103.20.

Allegiant Travel Stock Performance

Allegiant Travel stock traded down $1.10 during mid-day trading on Tuesday, reaching $88.06. The company had a trading volume of 629,932 shares, compared to its average volume of 639,021. Allegiant Travel has a 52 week low of $42.56 and a 52 week high of $118.00. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -44.70, a PEG ratio of 0.42 and a beta of 1.55. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The company has a 50 day moving average of $82.02 and a 200-day moving average of $85.64.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to the consensus estimate 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 for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, sell-side analysts expect that Allegiant Travel will post 4.07 EPS for the current fiscal year.

Institutional Trading of Allegiant Travel

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Allegiant Travel by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after purchasing an additional 66,596 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 buying an additional 7,228 shares in the last quarter. American Century Companies Inc. raised its position in shares of Allegiant Travel by 5.7% in the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock valued at $41,829,000 after buying an additional 37,205 shares in the last quarter. Par Capital Management Inc. raised its position 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 buying an additional 58,566 shares in the last quarter. Finally, State Street Corp boosted its stake in Allegiant Travel by 0.4% in the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after buying an additional 2,282 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.