Allegiant Travel (NASDAQ:ALGT) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. assumed coverage on shares of Allegiant Travel (NASDAQ:ALGT) in a report released on Wednesday,Benzinga reports. The firm set an “overweight” rating and a $156.00 price target on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 32.65% from the company’s previous close.

ALGT has been the subject of a number of other research reports. The Goldman Sachs Group began coverage on Allegiant Travel in a research report on Wednesday, June 17th. They set a “buy” rating and a $125.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Bank of America lifted their target price on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Citigroup raised shares of 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 note on Friday. Finally, UBS Group boosted their price target on shares of Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.08.

Allegiant Travel Trading Up 3.0%

Shares of ALGT stock opened at $117.60 on Wednesday. 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 has a 52-week low of $42.56 and a 52-week high of $120.42. The company has a market capitalization of $2.17 billion, a PE ratio of -58.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.55. The business’s fifty day moving average is $87.38 and its 200 day moving average is $89.13.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities research analysts anticipate that Allegiant Travel will post 3.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Allegiant Travel by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 394 shares during the period. Creative Planning increased its stake in Allegiant Travel by 29.1% in the 2nd quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock worth $380,000 after purchasing an additional 1,558 shares during the period. Hsbc Holdings PLC purchased a new position in Allegiant Travel in the 2nd quarter worth approximately $350,000. Invesco Ltd. increased its stake in Allegiant Travel by 3.9% in the 2nd quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock worth $6,668,000 after purchasing an additional 4,602 shares during the period. Finally, First Trust Advisors LP bought a new stake in Allegiant Travel in the second quarter valued at approximately $654,000. Hedge funds and other institutional investors 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.