Allegiant Travel (NASDAQ:ALGT) Trading Up 6.4% – What’s Next?

Allegiant Travel Company (NASDAQ:ALGT)’s stock price rose 6.4% during trading on Friday . The stock traded as high as $99.45 and last traded at $100.5490. Approximately 90,190 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 568,208 shares. The stock had previously closed at $94.48.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALGT. Morgan Stanley lifted their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. JPMorgan Chase & Co. started coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price objective for the company. UBS Group upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Wednesday, July 8th. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and upped their target price for the company from $98.00 to $156.00 in a research report on Friday, June 26th. Finally, Barclays started coverage on Allegiant Travel in a report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 price target for the company. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.08.

Allegiant Travel Price Performance

The company’s 50-day moving average is $97.51 and its two-hundred day moving average is $91.88. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market cap of $1.81 billion, a P/E ratio of -49.04, a PEG ratio of 0.26 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating the consensus estimate of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same period last year, the firm earned $2.11 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Sell-side analysts anticipate that Allegiant Travel Company will post 7.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALGT. Balyasny Asset Management L.P. acquired a new stake in shares of Allegiant Travel in the 4th quarter valued at approximately $16,405,000. Assenagon Asset Management S.A. bought a new position in Allegiant Travel in the 1st quarter valued at approximately $11,781,000. Principal Financial Group Inc. boosted its position in Allegiant Travel by 151.1% in the first quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock valued at $13,066,000 after buying an additional 97,010 shares in the last quarter. Franklin Resources Inc. grew its stake 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 buying an additional 73,360 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Allegiant Travel by 148.1% during the second quarter. Bank of America Corp DE now owns 118,896 shares of the transportation company’s stock worth $6,533,000 after buying an additional 70,982 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

About Allegiant Travel

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.