Analysts Set Allegiant Travel Company (NASDAQ:ALGT) Target Price at $116.75

Allegiant Travel Company (NASDAQ:ALGT) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $128.0769.

Several brokerages recently weighed in on ALGT. Barclays assumed coverage on shares of Allegiant Travel in a report on Wednesday. They issued an “overweight” rating and a $145.00 target price for the company. Citigroup upgraded 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. Susquehanna upped their price objective on Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley increased their target price on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, UBS Group raised Allegiant Travel from a “neutral” rating to a “buy” rating in a research note on Wednesday.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Allegiant Travel by 4.1% during the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after acquiring an additional 66,596 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after purchasing an additional 7,228 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Allegiant Travel by 5.7% during the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock valued at $41,829,000 after purchasing an additional 37,205 shares during the last quarter. Par Capital Management Inc. grew its position in shares of Allegiant Travel by 11.1% during the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after purchasing an additional 58,566 shares in the last quarter. Finally, State Street Corp grew its position in shares of Allegiant Travel by 0.4% during the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after purchasing an additional 2,282 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $108.26 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. Allegiant Travel has a 12 month low of $42.56 and a 12 month high of $123.63. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -54.13, a PEG ratio of 0.31 and a beta of 1.51. The company’s 50 day moving average is $91.34 and its two-hundred day moving average is $90.36.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. The business had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, research analysts anticipate that Allegiant Travel will post 7.05 earnings per share for the current year.

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.