Allegiant Travel Company (NASDAQ:ALGT) Receives $102.70 Consensus PT from Analysts

Allegiant Travel Company (NASDAQ:ALGT) has received an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $102.70.

ALGT has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Tuesday, January 20th. Evercore lifted their price objective on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Susquehanna reiterated a “positive” rating and set a $110.00 price objective on shares of Allegiant Travel in a research report on Friday, February 6th. Citigroup reduced their price objective 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. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Allegiant Travel in a research report on Wednesday, January 21st.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently modified their holdings of the stock. Emerald Advisers LLC raised its position in shares of Allegiant Travel by 23.7% during the third quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock valued at $25,992,000 after buying an additional 81,987 shares during the last quarter. Heartland Advisors Inc. purchased a new position in shares of Allegiant Travel in the third quarter valued at $12,747,000. Advisors Asset Management Inc. purchased a new position in shares of Allegiant Travel in the third quarter valued at $1,077,000. Vanguard Group Inc. grew its holdings in shares of Allegiant Travel by 4.1% in the third 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. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in shares of Allegiant Travel by 34.8% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 260,935 shares of the transportation company’s stock valued at $15,857,000 after purchasing an additional 67,311 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Price Performance

NASDAQ ALGT opened at $69.87 on Wednesday. Allegiant Travel has a 12 month low of $42.56 and a 12 month high of $118.00. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -34.93, a PEG ratio of 0.34 and a beta of 1.50. The company’s 50 day moving average is $80.88 and its two-hundred day moving average is $84.39. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. During the same quarter last year, the business earned $2.11 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, research analysts anticipate that Allegiant Travel will post 4.07 earnings per share for the current year.

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.