Allegiant Travel (NASDAQ:ALGT) Rating Increased to Strong-Buy at Barclays

Barclays upgraded shares of Allegiant Travel (NASDAQ:ALGT) to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. UBS Group raised Allegiant Travel from a “neutral” rating to a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Morgan Stanley boosted their price target on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.08.

Allegiant Travel Trading Down 2.6%

NASDAQ:ALGT opened at $108.26 on Wednesday. Allegiant Travel has a 52-week low of $42.56 and a 52-week high of $123.63. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The stock has a fifty day simple moving average of $91.34 and a 200-day simple moving average of $90.36. The company has a market capitalization of $2.00 billion, a PE ratio of -54.13, a price-to-earnings-growth ratio of 0.31 and a beta of 1.51.

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

Institutional Trading of Allegiant Travel

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Allegiant Travel by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock worth $70,607,000 after acquiring an additional 7,228 shares during the period. Par Capital Management Inc. lifted its stake in shares of Allegiant Travel by 11.1% during the 2nd 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. State Street Corp boosted its holdings 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 worth $48,377,000 after purchasing an additional 2,282 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Allegiant Travel by 15.4% during the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after purchasing an additional 73,360 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Allegiant Travel by 14.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock valued at $26,354,000 after purchasing an additional 53,800 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.