Zacks Research Analysts Raise Earnings Estimates for ALGT

Allegiant Travel Company (NASDAQ:ALGT) – Stock analysts at Zacks Research increased their Q2 2027 earnings estimates for shares of Allegiant Travel in a research note issued on Wednesday, February 18th. Zacks Research analyst Team now expects that the transportation company will post earnings of $2.16 per share for the quarter, up from their prior forecast of $1.89. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Allegiant Travel’s current full-year earnings is $7.70 per share. Zacks Research also issued estimates for Allegiant Travel’s FY2028 earnings at $12.80 EPS.

Other analysts have also issued reports about the stock. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a report on Tuesday, January 20th. Barclays increased their price target on shares of Allegiant Travel from $60.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Monday, January 12th. Bank of America raised shares of Allegiant Travel from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $95.00 in a research note on Tuesday, January 6th. Morgan Stanley raised their target price on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $100.18.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $107.62 on Friday. The stock has a market cap of $1.97 billion, a PE ratio of -41.88, a PEG ratio of 0.25 and a beta of 1.64. The company’s fifty day moving average is $93.60 and its 200 day moving average is $74.91. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.76. Allegiant Travel has a 52 week low of $39.80 and a 52 week high of $118.00.

Insider Transactions at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total value of $98,154.00. Following the completion of the sale, the chairman directly owned 150,000 shares of the company’s stock, valued at approximately $17,100,000. This represents a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 300,000 shares of company stock worth $34,350,512 in the last three months. Insiders own 14.70% of the company’s stock.

Hedge Funds Weigh In On Allegiant Travel

Several institutional investors have recently bought and sold shares of ALGT. Federated Hermes Inc. grew its position in Allegiant Travel by 12.9% in the 2nd quarter. Federated Hermes Inc. now owns 215,531 shares of the transportation company’s stock valued at $11,843,000 after acquiring an additional 24,557 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Allegiant Travel during the second quarter valued at $205,000. Apollo Management Holdings L.P. bought a new position in shares of Allegiant Travel in the second quarter worth about $6,124,000. Jump Financial LLC grew its holdings in shares of Allegiant Travel by 195.5% in the second quarter. Jump Financial LLC now owns 127,800 shares of the transportation company’s stock worth $7,023,000 after purchasing an additional 84,555 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in Allegiant Travel by 23.7% in the 3rd quarter. Emerald Advisers LLC now owns 427,718 shares of the transportation company’s stock worth $25,992,000 after buying an additional 81,987 shares during the period. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel News Summary

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Zacks materially raised FY2026 and FY2027 outlooks (FY2026 to $8.05 from $5.58; FY2027 to $10.24 from $8.86) and published a FY2028 forecast of $12.80 — a stronger multi‑year earnings trajectory that can support a higher valuation. ALGT Zacks Research
• Positive Sentiment: Multiple 2026 quarter estimates were bumped up (Q1 2026 to $3.01 from $1.85; Q2 to $2.44 from $1.94; Q3 to $(0.49) from $(0.74); Q4 to $3.09 from $2.53), implying better near‑term operational momentum. ALGT Zacks Research
• Positive Sentiment: Zacks sharply raised early‑2027 quarter estimates (Q1 2027 to $3.06 from $1.09; Q2 2027 to $2.16 from $1.89), signaling expectations for stronger demand or pricing in the start of 2027. ALGT Zacks Research
• Neutral Sentiment: Zacks maintained a “Hold” rating across its notes — analysts upgraded several estimates but remain cautious on valuation/risks. ALGT Zacks Research
• Neutral Sentiment: Reported short‑interest data shows 0 shares and 0.0 days‑to‑cover (likely a reporting anomaly) — not a meaningful driver of price action. ALGT Short Interest
• Negative Sentiment: Zacks trimmed some late‑2027 quarter forecasts (Q3 2027 to $2.05 from $2.29; Q4 2027 to $2.97 from $3.60), indicating potential softness or model adjustments for the back half of 2027. Those cuts limit how bullish investors may be on sustained upside. ALGT Zacks Research

Allegiant Travel Company Profile

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.