Allegiant Travel Company (NASDAQ:ALGT) Receives $116.75 Average Price Target from Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $124.2308.

ALGT has been the subject of a number of research analyst reports. Susquehanna boosted their target price on shares of Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on Allegiant Travel in a report on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 price target for the company. Bank of America lifted their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group upped their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley increased their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $114.81 on Thursday. The stock has a market capitalization of $2.12 billion, a P/E ratio of -57.41, a P/E/G ratio of 0.52 and a beta of 1.51. The business has a 50-day moving average of $90.12 and a two-hundred day moving average of $90.02. Allegiant Travel has a fifty-two week low of $42.56 and a fifty-two week high of $123.63. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The firm had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same period in the previous year, the company earned $2.11 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities research analysts predict that Allegiant Travel will post 4.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently modified their holdings of ALGT. Vanguard Group Inc. lifted its holdings in shares of Allegiant Travel by 4.1% during the third quarter. Vanguard Group Inc. now owns 1,677,608 shares of the transportation company’s stock valued at $101,948,000 after acquiring an additional 66,596 shares during the period. Hudson Bay Capital Management LP bought a new position in Allegiant Travel during the 3rd quarter valued at about $1,109,000. American Century Companies Inc. boosted its position in Allegiant Travel by 5.7% in the third quarter. American Century Companies Inc. now owns 688,322 shares of the transportation company’s stock valued at $41,829,000 after buying an additional 37,205 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Allegiant Travel during the fourth quarter worth about $5,031,000. Finally, Quantbot Technologies LP increased its holdings in shares of Allegiant Travel by 35.1% during the third quarter. Quantbot Technologies LP now owns 36,742 shares of the transportation company’s stock worth $2,233,000 after buying an additional 9,555 shares in the last quarter. 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.