Allegiant Travel Company (NASDAQ:ALGT) Stock Has Consensus Target Price of $123.38 According to Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $123.38.

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Citigroup reiterated a “buy” rating on shares of Allegiant Travel in a report on Tuesday, October 6th. Melius Research upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Tuesday, July 7th. UBS Group raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and cut their target price for the company from $111.00 to $107.00 in a research report on Sunday, September 13th. Finally, Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 15th.

Hedge Funds Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently modified their holdings of ALGT. Global Retirement Partners LLC bought a new position in Allegiant Travel in the second quarter worth approximately $26,000. Allworth Financial LP purchased a new stake in Allegiant Travel during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allegiant Travel during the 2nd quarter valued at $42,000. Parallel Advisors LLC boosted its position in 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Allegiant Travel by 40.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 584 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 168 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors.

Allegiant Travel Trading Down 2.4%

ALGT opened at $74.60 on Friday. The stock’s fifty day moving average is $80.67 and its two-hundred day moving average is $87.68. The company has a market capitalization of $2.04 billion, a P/E ratio of 52.91, a PEG ratio of 0.25 and a beta of 1.55. Allegiant Travel has a 52 week low of $57.11 and a 52 week high of $123.63. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%. The business had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. During the same period in the previous year, the company posted $1.23 EPS. Allegiant Travel’s revenue was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Analysts forecast that Allegiant Travel will post 5.91 earnings per share for the current year.

About Allegiant Travel

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.