Brokerages Set Allegiant Travel Company (NASDAQ:ALGT) PT at $127.00

Shares of Allegiant Travel Company (NASDAQ:ALGT) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, eight have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $128.3846.

A number of equities analysts have weighed in on ALGT shares. The Goldman Sachs Group upped their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Zacks Research upgraded Allegiant Travel from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Weiss Ratings raised Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. Finally, Susquehanna reduced their price objective on Allegiant Travel from $132.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, August 7th.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in Allegiant Travel by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after purchasing an additional 106 shares during the period. Silver Oak Securities Incorporated raised its stake in shares of Allegiant Travel by 1.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after buying an additional 125 shares in the last quarter. Millennium Management LLC raised its stake in shares of Allegiant Travel by 0.5% in the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after buying an additional 134 shares in the last quarter. FourThought Financial Partners LLC lifted its holdings in shares of Allegiant Travel by 4.1% during the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock worth $295,000 after acquiring an additional 137 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of Allegiant Travel during the 2nd quarter worth about $26,000. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Stock Performance

ALGT opened at $82.32 on Friday. The firm has a fifty day moving average price of $100.10 and a 200 day moving average price of $91.99. Allegiant Travel has a 1 year low of $57.11 and a 1 year high of $123.63. The stock has a market cap of $2.25 billion, a P/E ratio of 58.38, a P/E/G ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. The company had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The firm’s revenue was up 36.8% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Equities research analysts anticipate that Allegiant Travel will post 6.95 earnings per share for the current year.

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.