Allegiant Travel Company (NASDAQ:ALGT) Given Consensus Recommendation of “Hold” by Brokerages

Allegiant Travel Company (NASDAQ:ALGT) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $103.20.

Several brokerages have recently commented on ALGT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegiant Travel in a research note on Friday, May 29th. Bank of America upped their price target on Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Citigroup decreased their price target on Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Finally, UBS Group upped their price target on Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd.

Hedge Funds Weigh In On Allegiant Travel

Large investors have recently modified their holdings of the business. Hantz Financial Services Inc. lifted its stake in shares of Allegiant Travel by 442.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 442 shares during the last quarter. Parallel Advisors LLC lifted its stake in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after acquiring an additional 377 shares in the last quarter. Signaturefd LLC lifted its stake in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after acquiring an additional 117 shares in the last quarter. NewEdge Advisors LLC lifted 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 in the last quarter. Finally, AlphaQuest LLC lifted its stake in Allegiant Travel by 119.2% during the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock worth $68,000 after acquiring an additional 609 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

NASDAQ ALGT opened at $84.12 on Friday. Allegiant Travel has a fifty-two week low of $42.56 and a fifty-two week high of $118.00. The stock’s fifty day moving average is $82.25 and its two-hundred day moving average is $86.00. The firm has a market capitalization of $1.55 billion, a P/E ratio of -42.06, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating the consensus estimate of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The business had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same quarter in the prior year, the company posted $2.11 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, research analysts anticipate that Allegiant Travel will post 3.89 earnings per share for the current year.

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.