Allegiant Travel Company (NASDAQ:ALGT) Receives $103.20 Average Price Target from Brokerages

Allegiant Travel Company (NASDAQ:ALGT) has received an average rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $103.20.

Several analysts have weighed in on ALGT shares. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Bank of America boosted their target price on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. UBS Group boosted their target price on shares of Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Citigroup lowered their target price on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Allegiant Travel by 339.6% during the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 377 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Allegiant Travel by 35.6% during the first quarter. The Manufacturers Life Insurance Company now owns 5,942 shares of the transportation company’s stock valued at $482,000 after acquiring an additional 1,560 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Allegiant Travel during the first quarter valued at $615,000. Entropy Technologies LP acquired a new position in shares of Allegiant Travel during the first quarter valued at $461,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Allegiant Travel by 40.9% during the first quarter. Renaissance Technologies LLC now owns 91,000 shares of the transportation company’s stock valued at $7,375,000 after acquiring an additional 26,400 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Up 6.5%

ALGT stock opened at $91.59 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. Allegiant Travel has a 1-year low of $42.56 and a 1-year high of $118.00. The firm has a fifty day moving average price of $82.70 and a two-hundred day moving average price of $86.78. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of -45.79, a PEG ratio of 0.46 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Allegiant Travel will post 3.89 EPS for the current year.

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.