Allegiant Travel (NASDAQ:ALGT) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

The Goldman Sachs Group upgraded shares of Allegiant Travel (NASDAQ:ALGT) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms have also commented on ALGT. UBS Group raised their price target on shares of Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Finally, Bank of America raised their price target on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Allegiant Travel currently has a consensus rating of “Hold” and a consensus price target of $105.18.

Allegiant Travel Trading Down 0.0%

NASDAQ:ALGT opened at $95.89 on Tuesday. Allegiant Travel has a 52 week low of $42.56 and a 52 week high of $118.00. The firm has a 50 day moving average of $83.51 and a 200 day moving average of $87.33. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -47.94, a PEG ratio of 0.48 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating 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 business had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the prior year, the business posted $2.11 EPS. Allegiant Travel’s revenue for the quarter 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, sell-side analysts anticipate that Allegiant Travel will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently bought and sold shares of ALGT. Price T Rowe Associates Inc. MD increased its position in shares of Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after acquiring an additional 106 shares during the last quarter. Signaturefd LLC increased its position in shares of Allegiant Travel by 27.3% during the fourth quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 117 shares during the last quarter. Silver Oak Securities Incorporated increased its position in shares of Allegiant Travel by 1.2% during the first quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after acquiring an additional 125 shares during the last quarter. Millennium Management LLC increased its position in shares of Allegiant Travel by 0.5% during the fourth quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares during the last quarter. Finally, FourThought Financial Partners LLC increased its position in shares of Allegiant Travel by 4.1% during the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 137 shares during the last quarter. 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.