Allegiant Travel (NASDAQ:ALGT) Receives $67.00 Average Target Price from Brokerages

Allegiant Travel (NASDAQ:ALGT) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $67.00.

ALGT has been the subject of a number of analyst reports. Bank of America lowered their price objective on Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, April 3rd. Barclays dropped their price target on shares of Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Raymond James upgraded shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and dropped their target price for the company from $125.00 to $90.00 in a report on Wednesday, April 2nd. Finally, UBS Group cut their price target on shares of Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th.

Institutional Trading of Allegiant Travel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Crews Bank & Trust bought a new stake in shares of Allegiant Travel during the fourth quarter worth about $25,000. Jones Financial Companies Lllp boosted its stake in Allegiant Travel by 94.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 223 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Allegiant Travel by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock worth $47,000 after purchasing an additional 442 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Allegiant Travel by 489.1% in the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock worth $28,000 after purchasing an additional 450 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Trading Down 1.0 %

Shares of NASDAQ ALGT opened at $50.43 on Friday. The firm has a 50 day moving average price of $51.99 and a two-hundred day moving average price of $73.28. The stock has a market cap of $920.60 million, a P/E ratio of -3.77 and a beta of 1.78. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. As a group, equities analysts forecast that Allegiant Travel will post 7.7 EPS for the current year.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.