Allegiant Travel (NASDAQ:ALGT) Upgraded to Strong-Buy at The Goldman Sachs Group

Allegiant Travel (NASDAQ:ALGT) was upgraded by investment analysts at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Bank of America boosted their target price on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. UBS Group boosted their price target on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Finally, Citigroup dropped their price target on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Allegiant Travel currently has a consensus rating of “Hold” and a consensus price target of $105.18.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $95.89 on Tuesday. The company’s fifty day simple moving average is $83.51 and its 200-day simple moving average is $87.33. Allegiant Travel has a 52 week low of $42.56 and a 52 week high of $118.00. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. The company has a market cap of $1.77 billion, a PE ratio of -47.94, a P/E/G ratio of 0.48 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (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 quarter in the previous year, the firm posted $2.11 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, equities research analysts anticipate that Allegiant Travel will post 3.89 EPS for the current year.

Institutional Trading of Allegiant Travel

Institutional investors and hedge funds have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 377 shares during the last quarter. Signaturefd LLC grew its holdings in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after acquiring an additional 117 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in Allegiant Travel during the 3rd quarter worth about $69,000. NewEdge Advisors LLC grew its holdings in Allegiant Travel by 43.7% during the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after acquiring an additional 373 shares during the last quarter. Finally, MidFirst Bank acquired a new position in Allegiant Travel in the fourth quarter valued at approximately $114,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.

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.