Zacks Research Downgrades Allegiant Travel (NASDAQ:ALGT) to Hold

Allegiant Travel (NASDAQ:ALGT) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on ALGT. Weiss Ratings upgraded shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Morgan Stanley increased their price target on Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Wall Street Zen lowered Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barclays decreased their price objective on Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, September 11th. Finally, Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and upped their target price for the stock from $98.00 to $156.00 in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $125.77.

Allegiant Travel Stock Performance

ALGT opened at $78.64 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Allegiant Travel has a 12-month low of $57.11 and a 12-month high of $123.63. The firm has a 50 day moving average of $89.69 and a two-hundred day moving average of $88.49. The firm has a market capitalization of $2.15 billion, a PE ratio of 55.77, a P/E/G ratio of 0.22 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data 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 business had revenue of $943.49 million for the quarter, compared to the consensus estimate of $982.70 million. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, analysts anticipate that Allegiant Travel will post 6.83 EPS for the current year.

Institutional Trading of Allegiant Travel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in Allegiant Travel in the second quarter valued at $26,000. Allworth Financial LP purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allegiant Travel during the 2nd quarter valued at about $42,000. Parallel Advisors LLC grew its position in shares of 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 acquiring an additional 377 shares during the period. Finally, MidFirst Bank purchased a new position in shares of Allegiant Travel in the 4th quarter valued at about $114,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel and aviation company headquartered in Las Vegas, Nevada. Its principal subsidiary, Allegiant Air, operates scheduled and charter passenger flights, primarily connecting smaller regional airports with popular vacation destinations in the United States.

Allegiant Air’s business model emphasizes low base fares and a range of optional services, including baggage, seat selection, priority boarding and other travel-related products. The airline primarily serves leisure travelers and operates routes to destinations such as Florida, Las Vegas, Arizona and other vacation markets, with service designed around demand for leisure travel rather than extensive daily connectivity between major business centers.

Allegiant Travel was established in 1997, and Allegiant Air began scheduled passenger operations in 1999.