Allegiant Travel (NASDAQ:ALGT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Allegiant Travel Company (NASDAQ:ALGT)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $85.64 and traded as high as $89.99. Allegiant Travel shares last traded at $89.16, with a volume of 629,932 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on ALGT. Morgan Stanley increased their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Evercore increased their price objective on shares of Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. UBS Group increased their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Finally, Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Allegiant Travel in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and a consensus price target of $102.70.

Allegiant Travel Stock Down 2.7%

The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -44.58, a P/E/G ratio of 0.42 and a beta of 1.55. The business’s 50-day moving average is $82.02 and its two-hundred day moving average is $85.64. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. The business had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. Allegiant Travel’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities analysts anticipate that Allegiant Travel Company will post 4.07 earnings per share for the current year.

Institutional Investors Weigh In On Allegiant Travel

Several large investors have recently made changes to their positions in the stock. Heartland Advisors Inc. bought a new position in Allegiant Travel during the 3rd quarter worth about $12,747,000. Balyasny Asset Management L.P. bought a new position in Allegiant Travel during the 4th quarter worth about $16,405,000. Assenagon Asset Management S.A. bought a new position in Allegiant Travel during the 1st quarter worth about $11,781,000. Principal Financial Group Inc. grew its stake in shares of Allegiant Travel by 151.1% during the 1st quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock worth $13,066,000 after acquiring an additional 97,010 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Allegiant Travel by 15.4% in the third quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock valued at $33,380,000 after purchasing an additional 73,360 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

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.