Allegiant Travel (NASDAQ:ALGT) Given New $132.00 Price Target at Susquehanna

Allegiant Travel (NASDAQ:ALGT) had its price objective raised by equities researchers at Susquehanna from $85.00 to $132.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target would indicate a potential upside of 14.17% from the stock’s previous close.

Several other research firms also recently commented on ALGT. Zacks Research downgraded Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. The Goldman Sachs Group boosted their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley raised their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday. 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 report on Wednesday, July 1st. Finally, Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $121.25.

Allegiant Travel Price Performance

ALGT stock opened at $115.62 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.87. The company’s 50-day moving average is $90.12 and its 200-day moving average is $90.02. The stock has a market capitalization of $2.13 billion, a PE ratio of -57.81, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. Allegiant Travel has a 1 year low of $42.56 and a 1 year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $711.01 million. During the same period in the previous year, the company posted $2.11 EPS. The firm’s 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. Equities research analysts expect that Allegiant Travel will post 4.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in Allegiant Travel by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,012 shares of the transportation company’s stock valued at $70,607,000 after purchasing an additional 7,228 shares during the last quarter. Par Capital Management Inc. grew its holdings in Allegiant Travel by 11.1% during the second quarter. Par Capital Management Inc. now owns 584,996 shares of the transportation company’s stock valued at $32,146,000 after purchasing an additional 58,566 shares during the period. State Street Corp raised its stake in shares of Allegiant Travel by 0.4% in the fourth quarter. State Street Corp now owns 567,340 shares of the transportation company’s stock valued at $48,377,000 after buying an additional 2,282 shares during the period. Franklin Resources Inc. raised its stake 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 buying an additional 73,360 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Allegiant Travel by 14.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 433,668 shares of the transportation company’s stock valued at $26,354,000 after buying an additional 53,800 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.