Allegiant Travel Company (NASDAQ:ALGT) Receives $125.77 Consensus PT from Brokerages

Allegiant Travel Company (NASDAQ:ALGT) has been assigned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $125.7692.

A number of equities analysts have recently commented on ALGT shares. Wall Street Zen cut Allegiant Travel from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. The Goldman Sachs Group raised their price target on Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Barclays lowered their price target on Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $156.00 in a research report on Friday, June 26th. Finally, Zacks Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th.

Hedge Funds Weigh In On Allegiant Travel

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Allegiant Travel in the second quarter worth about $416,591,000. Donald Smith & CO. Inc. bought a new position in shares of Allegiant Travel during the second quarter valued at approximately $175,636,000. Bank of New York Mellon Corp bought a new position in shares of Allegiant Travel during the second quarter valued at approximately $33,013,000. Wellington Management Group LLP purchased a new stake in shares of Allegiant Travel in the second quarter worth approximately $26,232,000. Finally, U S Global Investors Inc. raised its holdings in shares of Allegiant Travel by 5.1% in the first quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock worth $24,249,000 after buying an additional 14,540 shares during the period. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Price Performance

ALGT stock opened at $80.49 on Tuesday. Allegiant Travel has a 52 week low of $57.11 and a 52 week high of $123.63. The firm has a market capitalization of $2.20 billion, a P/E ratio of 57.09, a price-to-earnings-growth ratio of 0.22 and a beta of 1.50. The company has a fifty day simple moving average of $87.79 and a two-hundred day simple moving average of $88.08. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.92. The firm had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The business’s quarterly revenue was up 36.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Analysts anticipate that Allegiant Travel will post 6.83 earnings per share for the current fiscal year.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel and aviation company headquartered in Las Vegas, Nevada. Its principal subsidiary, Allegiant Air, operates scheduled and charter passenger flights, primarily connecting smaller regional airports with popular vacation destinations in the United States.

Allegiant Air’s business model emphasizes low base fares and a range of optional services, including baggage, seat selection, priority boarding and other travel-related products. The airline primarily serves leisure travelers and operates routes to destinations such as Florida, Las Vegas, Arizona and other vacation markets, with service designed around demand for leisure travel rather than extensive daily connectivity between major business centers.

Allegiant Travel was established in 1997, and Allegiant Air began scheduled passenger operations in 1999.