Allegiant Travel (NASDAQ:ALGT) Trading Up 6.9% – Still a Buy?

Allegiant Travel Company (NASDAQ:ALGT) shares were up 6.9% during mid-day trading on Thursday . The stock traded as high as $80.74 and last traded at $80.38. Approximately 68,205 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 538,931 shares. The stock had previously closed at $75.21.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ALGT shares. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price target on shares of Allegiant Travel in a report on Friday, February 6th. Morgan Stanley increased their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. UBS Group upped their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, Evercore lifted their price target on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.70.

Allegiant Travel Trading Up 7.0%

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 company has a market capitalization of $1.48 billion, a P/E ratio of -40.22, a price-to-earnings-growth ratio of 0.34 and a beta of 1.50. The business has a fifty day moving average price of $81.92 and a 200 day moving average price of $84.09.

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 positive return on equity of 10.07% and a negative net margin of 1.30%.The firm had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. During the same quarter in the previous year, the business posted $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. On average, analysts expect that Allegiant Travel Company will post 4.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALGT. Heartland Advisors Inc. bought a new stake in shares of Allegiant Travel during the third quarter worth $12,747,000. Balyasny Asset Management L.P. bought a new stake in shares of Allegiant Travel in the fourth quarter worth $16,405,000. Assenagon Asset Management S.A. bought a new stake in shares of Allegiant Travel in the first quarter worth $11,781,000. Principal Financial Group Inc. grew its stake in shares of Allegiant Travel by 151.1% in the first quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock worth $13,066,000 after purchasing an additional 97,010 shares during the last quarter. Finally, Emerald Advisers LLC grew its stake in shares of Allegiant Travel by 23.7% in the third quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after purchasing an additional 81,987 shares during the last quarter. 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.