Allegiant Travel Company (NASDAQ:ALGT) Receives $127.00 Average Target Price from Analysts

Allegiant Travel Company (NASDAQ:ALGT) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $127.00.

Several research analysts have recently commented on ALGT shares. Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. The Goldman Sachs Group raised their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. UBS Group lifted their target price on Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Bank of America upped their target price on Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st.

Allegiant Travel Stock Performance

Shares of ALGT opened at $81.85 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of 58.05, a price-to-earnings-growth ratio of 0.23 and a beta of 1.53. The business’s fifty day moving average price is $100.64 and its 200 day moving average price is $92.19. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. Allegiant Travel has a 12-month low of $56.64 and a 12-month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.92. The firm had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Equities research analysts forecast that Allegiant Travel will post 6.95 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new position in Allegiant Travel during the 2nd quarter worth $26,000. Allworth Financial LP acquired a new position in shares of Allegiant Travel during the second quarter valued at $26,000. Parallel Advisors LLC grew its position 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 worth $40,000 after acquiring an additional 377 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allegiant Travel in the 2nd quarter worth about $42,000. Finally, NewEdge Advisors LLC lifted its position in Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.