Susquehanna Issues Positive Forecast for Allegiant Travel (NASDAQ:ALGT) Stock Price

Allegiant Travel (NASDAQ:ALGT) had its price objective increased by stock analysts at Susquehanna from $70.00 to $100.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would suggest a potential upside of 8.14% from the stock’s previous close.

A number of other analysts also recently issued reports on ALGT. Bank of America upgraded shares of Allegiant Travel from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $55.00 to $95.00 in a report on Tuesday. UBS Group lifted their price target on shares of Allegiant Travel from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a research note on Wednesday, October 8th. Zacks Research upgraded Allegiant Travel from a “hold” rating to a “strong-buy” rating in a report on Friday, January 2nd. Finally, Citigroup upped their target price on Allegiant Travel from $88.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.09.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $92.47 on Friday. The stock has a 50-day moving average of $77.70 and a 200-day moving average of $65.26. Allegiant Travel has a one year low of $39.80 and a one year high of $107.57. The stock has a market cap of $1.69 billion, a PE ratio of -5.67, a price-to-earnings-growth ratio of 0.25 and a beta of 1.64. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.98 and a quick ratio of 0.95.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Thursday, May 12th. The transportation company reported $1.18 EPS for the quarter. The firm had revenue of $496.88 million during the quarter. Allegiant Travel had a negative net margin of 11.36% and a positive return on equity of 5.24%. Allegiant Travel has set its FY 2025 guidance at 3.000- EPS and its Q4 2025 guidance at 1.500-2.500 EPS. As a group, sell-side analysts expect that Allegiant Travel will post 7.7 earnings per share for the current year.

Hedge Funds Weigh In On Allegiant Travel

Several large investors have recently modified their holdings of ALGT. Vanguard Group Inc. lifted its stake in shares of Allegiant Travel by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock worth $101,948,000 after buying an additional 66,596 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Allegiant Travel by 11.6% during the second quarter. Donald Smith & CO. Inc. now owns 1,506,633 shares of the transportation company’s stock worth $82,789,000 after acquiring an additional 156,186 shares during the last quarter. American Century Companies Inc. grew its position in shares of Allegiant Travel by 5.7% in the third 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. increased its stake 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 worth $32,146,000 after purchasing an additional 58,566 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Allegiant Travel by 15.4% in the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after purchasing an additional 73,360 shares during the period. 85.81% of the stock is owned by institutional investors.

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.