Allegiant Travel (NASDAQ:ALGT) Price Target Lowered to $110.00 at Susquehanna

Allegiant Travel (NASDAQ:ALGT) had its target price decreased by analysts at Susquehanna from $132.00 to $110.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price points to a potential upside of 13.20% from the company’s current price.

Several other equities research analysts also recently commented on ALGT. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and increased their price objective for the company from $98.00 to $156.00 in a report on Friday, June 26th. Wall Street Zen upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research report on Tuesday, July 7th. Barclays assumed coverage on shares of Allegiant Travel in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Allegiant Travel in a research report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Allegiant Travel Stock Performance

ALGT opened at $97.17 on Friday. The business’s 50-day simple moving average is $100.93 and its 200 day simple moving average is $92.51. Allegiant Travel has a 52-week low of $47.83 and a 52-week high of $123.63. 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 market capitalization of $1.79 billion, a PE ratio of 68.92, a PEG ratio of 0.34 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. The firm had revenue of $943.50 million during the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a return on equity of 12.76% and a net margin of 0.90%.The business’s revenue was up 36.8% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, sell-side analysts expect that Allegiant Travel will post 6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allegiant Travel

A number of large investors have recently made changes to their positions in ALGT. Price T Rowe Associates Inc. MD raised its position in shares of Allegiant Travel by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after acquiring an additional 106 shares in the last quarter. Signaturefd LLC boosted its position in shares of Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 117 shares in the last quarter. Silver Oak Securities Incorporated grew its stake in Allegiant Travel by 1.2% during the first quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock worth $855,000 after purchasing an additional 125 shares during the period. Millennium Management LLC grew its stake in Allegiant Travel by 0.5% during the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock worth $2,341,000 after purchasing an additional 134 shares during the period. Finally, FourThought Financial Partners LLC increased 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 worth $295,000 after purchasing 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.