Allegiant Travel (NASDAQ:ALGT) Stock Rating Upgraded by Zacks Research

Allegiant Travel (NASDAQ:ALGT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

ALGT has been the topic of several other research reports. Barclays began coverage on Allegiant Travel in a report on Wednesday, July 8th. They issued an “overweight” rating and a $145.00 price target on the stock. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their target price for the company from $98.00 to $156.00 in a research report on Friday, June 26th. Melius Research raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Tuesday, July 7th. Morgan Stanley lifted 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, July 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.00.

Allegiant Travel Stock Down 3.1%

NASDAQ:ALGT opened at $81.70 on Monday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 57.94, a P/E/G ratio of 0.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.80 and a current ratio of 0.83. The stock’s fifty day moving average price is $101.07 and its two-hundred day moving average price is $92.43. Allegiant Travel has a 52-week low of $53.70 and a 52-week high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results 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 company had revenue of $943.49 million during the quarter, compared to analysts’ expectations of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The business’s revenue for the quarter was up 36.8% on a year-over-year basis. During the same period last 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 7.14 EPS for the current year.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in shares of Allegiant Travel during the 2nd quarter worth about $26,000. Allworth Financial LP acquired a new stake in shares of Allegiant Travel in the 2nd quarter valued at approximately $26,000. Parallel Advisors LLC raised its position in shares of Allegiant Travel by 339.6% in 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. Thurston Springer Miller Herd & Titak Inc. bought a new position in Allegiant Travel during the 2nd quarter worth approximately $42,000. Finally, NewEdge Advisors LLC boosted its stake 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. Institutional investors and hedge funds own 85.81% of the company’s stock.

About Allegiant Travel

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.