Allegiant Travel (NASDAQ:ALGT) Stock Price Target Cut by Susquehanna

Allegiant Travel (NASDAQ:ALGT) had its price objective decreased by equities researchers at Susquehanna from $110.00 to $85.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price suggests a potential upside of 9.62% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. UBS Group raised Allegiant Travel from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $111.00 to $107.00 in a report on Sunday, September 13th. The Goldman Sachs Group increased their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Raymond James Financial raised Allegiant Travel from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the company from $138.00 to $116.00 in a report on Monday, August 24th. Bank of America raised their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.85.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $77.54 on Wednesday. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 54.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.55. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The business has a fifty day moving average of $82.52 and a 200 day moving average of $87.81. Allegiant Travel has a 1 year low of $57.11 and a 1 year high of $123.63.

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

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors have recently bought and sold shares of ALGT. BlackRock Inc. purchased a new stake in shares of Allegiant Travel during the second quarter worth $416,591,000. Donald Smith & CO. Inc. purchased a new position in Allegiant Travel in the 2nd quarter worth approximately $175,636,000. Bank of New York Mellon Corp purchased a new position in Allegiant Travel in the 2nd quarter worth approximately $33,013,000. Wellington Management Group LLP acquired a new position in shares of Allegiant Travel during the 2nd quarter worth approximately $26,232,000. Finally, U S Global Investors Inc. grew its position 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 valued at $24,249,000 after purchasing an additional 14,540 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada, and the parent company of Allegiant Air. Founded in 1997, Allegiant Air operates a low-cost, scheduled airline model designed to connect travelers in smaller and midsize U.S. cities with popular vacation destinations.

Allegiant Air provides passenger air transportation primarily within the United States, serving destinations such as Florida, Arizona, Nevada, California and other leisure markets.