Allegiant Travel (NASDAQ:ALGT) Stock Price Up 7.9% – What’s Next?

Allegiant Travel Company (NASDAQ:ALGT)’s stock price rose 7.9% during mid-day trading on Friday . The company traded as high as $92.69 and last traded at $92.8670. Approximately 232,128 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 558,718 shares. The stock had previously closed at $86.04.

Wall Street Analysts Forecast Growth

ALGT has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Citigroup cut their price objective on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 20th. Bank of America raised their price objective on Allegiant Travel from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, UBS Group raised their price objective on Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $103.20.

Allegiant Travel Trading Up 6.6%

The firm has a market capitalization of $1.69 billion, a PE ratio of -45.84, a P/E/G ratio of 0.40 and a beta of 1.55. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a fifty day moving average of $82.53 and a 200 day moving average of $86.75.

Allegiant Travel (NASDAQ:ALGT) last announced 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. The business had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities research analysts expect that Allegiant Travel Company will post 3.89 EPS for the current year.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Allegiant Travel by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after purchasing an additional 66,596 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Allegiant Travel by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after purchasing an additional 7,228 shares in the last quarter. American Century Companies Inc. grew its position in shares of Allegiant Travel by 5.7% in the 3rd quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock worth $41,829,000 after acquiring an additional 37,205 shares in the last quarter. Par Capital Management Inc. grew its position in shares of Allegiant Travel by 11.1% in the 2nd quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock worth $32,146,000 after acquiring an additional 58,566 shares in the last quarter. Finally, State Street Corp grew its position in shares of Allegiant Travel by 0.4% in the 4th quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock worth $48,377,000 after acquiring an additional 2,282 shares in the last quarter. 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.