Allegiant Travel Company (NASDAQ:ALGT) Receives Average Recommendation of “Moderate Buy” from Analysts

Allegiant Travel Company (NASDAQ:ALGT) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $116.75.

A number of brokerages have commented on ALGT. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a report on Friday, May 29th. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group started coverage on Allegiant Travel in a research report on Wednesday, June 17th. They set a “buy” rating and a $125.00 price target for the company. JPMorgan Chase & Co. began coverage on Allegiant Travel in a research note on Wednesday. They issued an “overweight” rating and a $156.00 price objective for the company. Finally, UBS Group raised their price objective on Allegiant Travel from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd.

Hedge Funds Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently modified their holdings of ALGT. Price T Rowe Associates Inc. MD lifted its stake in shares of Allegiant Travel by 0.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock worth $1,694,000 after buying an additional 106 shares in the last quarter. Signaturefd LLC grew its stake in Allegiant Travel by 27.3% during the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 117 shares in the last quarter. Silver Oak Securities Incorporated grew its stake in Allegiant Travel by 1.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after acquiring an additional 125 shares in the last quarter. Millennium Management LLC grew its stake in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares in the last quarter. Finally, FourThought Financial Partners LLC raised its holdings in Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 137 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Stock Up 1.3%

ALGT opened at $119.16 on Thursday. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $123.12. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average price of $87.96 and a 200 day moving average price of $89.38. The company has a market cap of $2.20 billion, a PE ratio of -59.58, a price-to-earnings-growth ratio of 0.62 and a beta of 1.51.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm had revenue of $732.43 million for the quarter, compared to analyst estimates of $711.01 million. During the same period last year, the company posted $2.11 EPS. Allegiant Travel’s quarterly revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Sell-side analysts expect that Allegiant Travel will post 3.72 earnings per share for the current fiscal year.

About Allegiant Travel

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.