Allegiant Travel Company (NASDAQ:ALGT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $103.20.

Several research analysts have recently issued reports on ALGT shares. Citigroup cut their target price on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 20th. 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 raised their target price on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Bank of America raised their target price on shares of Allegiant Travel from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th.

Allegiant Travel Trading Up 7.3%

ALGT stock opened at $86.04 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of -43.02, a price-to-earnings-growth ratio of 0.40 and a beta of 1.55. Allegiant Travel has a one year low of $42.56 and a one year high of $118.00. The company’s 50 day moving average price is $82.53 and its two-hundred day moving average price is $86.75. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping 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 the consensus estimate of $711.01 million. During the same period last year, the firm posted $2.11 earnings per share. The business’s 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. As a group, analysts predict that Allegiant Travel will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 last quarter. Signaturefd LLC boosted its holdings in Allegiant Travel by 27.3% in the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 117 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in Allegiant Travel by 1.2% in the first quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after acquiring an additional 125 shares in the last quarter. Millennium Management LLC boosted its holdings in Allegiant Travel by 0.5% in the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares in the last quarter. Finally, FourThought Financial Partners LLC boosted its holdings in Allegiant Travel by 4.1% in the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 137 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.