Allegiant Travel (NASDAQ:ALGT) Stock Gets Price Target Reduction from Susquehanna

Allegiant Travel (NASDAQ:ALGT) had its target price lowered by Susquehanna from $110.00 to $85.00 in a research note issued to investors on Wednesday morning, MarketBeat reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley increased their price target on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. The Goldman Sachs Group boosted their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Raymond James Financial raised Allegiant Travel from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from $138.00 to $116.00 in a research report on Monday, August 24th. Weiss Ratings upgraded Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Bank of America lifted their target price on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.38.

Allegiant Travel Price Performance

ALGT opened at $76.43 on Wednesday. The stock has a 50-day moving average price of $81.25 and a 200-day moving average price of $87.71. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.83 and a quick ratio of 0.80. The firm has a market cap of $2.09 billion, a PE ratio of 54.21, a P/E/G ratio of 0.25 and a beta of 1.55. Allegiant Travel has a 1 year low of $57.11 and a 1 year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last announced 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 company 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%. Allegiant Travel’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 posted $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Sell-side analysts predict that Allegiant Travel will post 6.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

Hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System bought a new stake in shares of Allegiant Travel during the 1st quarter valued at about $486,000. Wellington Management Group LLP bought a new position in shares of Allegiant Travel in the 2nd quarter worth approximately $26,232,000. Landscape Capital Management L.L.C. bought a new position in shares of Allegiant Travel in the 4th quarter worth approximately $5,031,000. VELA Investment Management LLC purchased a new position in shares of Allegiant Travel in the second quarter worth approximately $4,461,000. Finally, BlackRock Inc. purchased a new position in shares of Allegiant Travel in the second quarter worth approximately $416,591,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada, and the parent company of Allegiant Air. Founded in 1997, Allegiant Air operates a low-cost, scheduled airline model designed to connect travelers in smaller and midsize U.S. cities with popular vacation destinations.

Allegiant Air provides passenger air transportation primarily within the United States, serving destinations such as Florida, Arizona, Nevada, California and other leisure markets.