Allegiant Travel Company (NASDAQ:ALGT) Receives $102.70 Average PT from Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $102.70.

A number of analysts recently weighed in on ALGT shares. UBS Group upped their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. Citigroup decreased their price objective on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 20th. Morgan Stanley boosted their price target on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Finally, Wolfe Research raised shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Tuesday, January 20th.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Allegiant Travel by 442.0% during the third quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock worth $33,000 after buying an additional 442 shares in the last quarter. Parallel Advisors LLC boosted its holdings in 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 buying an additional 377 shares in the last quarter. Signaturefd LLC boosted its holdings in Allegiant Travel by 27.3% during the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after buying an additional 373 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in Allegiant Travel by 119.2% during the third quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock worth $68,000 after buying an additional 609 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Stock Performance

ALGT stock opened at $74.90 on Wednesday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -37.45, a PEG ratio of 0.36 and a beta of 1.50. 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 has a twelve month low of $42.56 and a twelve month high of $118.00. The business’s fifty day simple moving average is $81.26 and its two-hundred day simple moving average is $84.12.

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 the consensus estimate of $3.40 by $0.37. The company had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.Allegiant Travel’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Analysts predict that Allegiant Travel will post 4.17 earnings per share 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.