Allegiant Travel (NASDAQ:ALGT) Given New $115.00 Price Target at Morgan Stanley

Allegiant Travel (NASDAQ:ALGT) had its price target raised by Morgan Stanley from $100.00 to $115.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. Bank of America raised 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. Citigroup upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their price target for the company from $98.00 to $156.00 in a research report on Friday, June 26th. JPMorgan Chase & Co. initiated coverage on shares of Allegiant Travel in a research note on Wednesday, July 1st. They set an “overweight” rating and a $156.00 price target for the company. Wall Street Zen upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a report on Saturday. Finally, UBS Group boosted their price objective on shares of Allegiant Travel from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Eight 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.23.

Allegiant Travel Trading Up 0.6%

Shares of ALGT stock opened at $116.33 on Monday. The firm has a market capitalization of $2.15 billion, a P/E ratio of -58.46, a P/E/G ratio of 0.52 and a beta of 1.51. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $123.63. 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 stock’s fifty day simple moving average is $90.12 and its 200 day simple moving average is $90.02.

Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $711.01 million. During the same quarter in the prior year, the firm earned $2.11 EPS. The business’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, sell-side analysts predict that Allegiant Travel will post 4.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Allegiant Travel by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock worth $475,000 after purchasing an additional 394 shares during the last quarter. Creative Planning boosted its stake in Allegiant Travel by 29.1% in the second quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock valued at $380,000 after acquiring an additional 1,558 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Allegiant Travel during the 2nd quarter valued at approximately $350,000. Invesco Ltd. grew its position in shares of Allegiant Travel by 3.9% during the 2nd quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after acquiring an additional 4,602 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth approximately $654,000. 85.81% of the stock is owned by institutional investors.

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.