Allegiant Travel (NASDAQ:ALGT) Upgraded to “Buy” at Wall Street Zen

Allegiant Travel (NASDAQ:ALGT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also issued reports on ALGT. Bank of America lifted their price objective on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group increased their target price on shares of Allegiant Travel from $125.00 to $142.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research lowered Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. UBS Group boosted their price target on Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 23rd. Finally, Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.17.

Allegiant Travel Price Performance

Shares of ALGT opened at $118.67 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $2.19 billion, a PE ratio of -59.33, a PEG ratio of 0.52 and a beta of 1.51. The firm’s 50 day moving average price is $89.38 and its 200 day moving average price is $89.81. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping the consensus estimate 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 company had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. During the same period in the previous year, the firm posted $2.11 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that Allegiant Travel will post 4.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in shares of Allegiant Travel by 339.6% in the first quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after purchasing an additional 377 shares during the period. Signaturefd LLC boosted 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 purchasing an additional 117 shares during the period. NewEdge Advisors LLC boosted 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 valued at $67,000 after purchasing an additional 373 shares during the period. iSAM Funds UK Ltd acquired a new stake in Allegiant Travel in the 3rd quarter valued at approximately $69,000. Finally, MidFirst Bank acquired a new stake in Allegiant Travel in the 4th quarter valued at approximately $114,000. 85.81% of the stock is owned by institutional investors and hedge funds.

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.