Allegiant Travel (NASDAQ:ALGT) Shares Climb 7.2% – What’s Next?

Allegiant Travel Company (NASDAQ:ALGT)’s stock price rose 7.2% during mid-day trading on Monday. The company traded as high as $76.75 and last traded at $76.4450. Approximately 45,646 shares traded hands during trading, a decline of 92% from the average daily volume of 542,354 shares. The stock had previously closed at $71.34.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Wall Street Zen downgraded Allegiant Travel from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Raymond James Financial restated a “strong-buy” rating and issued a $110.00 price target on shares of Allegiant Travel in a research note on Wednesday, October 7th. Finally, Susquehanna dropped their price objective on shares of Allegiant Travel from $110.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

Allegiant Travel Stock Performance

The stock has a 50 day moving average of $75.55 and a 200 day moving average of $87.66. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 55.34, a price-to-earnings-growth ratio of 0.25 and a beta of 1.65. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. The company had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%. The firm’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, analysts predict that Allegiant Travel Company will post 5.59 EPS for the current year.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in shares of Allegiant Travel in the second quarter valued at approximately $26,000. Allworth Financial LP purchased a new position in Allegiant Travel in the second quarter worth $26,000. Parallel Advisors LLC increased its stake in Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 377 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allegiant Travel in the second quarter valued at $42,000. Finally, Farther Finance Advisors LLC increased its stake in Allegiant Travel by 40.4% in the third quarter. Farther Finance Advisors LLC now owns 584 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 168 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada. Its principal operating subsidiary, Allegiant Air, is a low-cost airline that provides scheduled and charter passenger service, primarily connecting smaller and mid-sized U.S. cities with popular vacation destinations.

Allegiant Air’s business model emphasizes nonstop routes, low base fares and optional services such as seat selection, baggage, priority boarding and other travel-related amenities.