Analysts Set Allegiant Travel Company (NASDAQ:ALGT) Price Target at $66.89

Allegiant Travel Company (NASDAQ:ALGT) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $70.5556.

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Allegiant Travel in a research report on Saturday, September 27th. Susquehanna upped their price target on shares of Allegiant Travel from $50.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday. Zacks Research upgraded shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Evercore ISI upped their price target on shares of Allegiant Travel from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, UBS Group upped their price target on shares of Allegiant Travel from $52.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 26th.

Allegiant Travel Stock Up 1.8%

NASDAQ:ALGT opened at $63.92 on Tuesday. The firm’s 50-day moving average price is $59.05 and its 200-day moving average price is $54.57. The company has a market capitalization of $1.17 billion, a PE ratio of -4.01, a P/E/G ratio of 0.52 and a beta of 1.71. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.10 and a quick ratio of 1.07. Allegiant Travel has a 1-year low of $39.80 and a 1-year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Monday, August 4th. The transportation company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.40. The firm had revenue of $689.40 million for the quarter, compared to the consensus estimate of $685.58 million. Allegiant Travel had a negative net margin of 11.10% and a positive return on equity of 5.00%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Allegiant Travel has set its FY 2015 guidance at 2.250- EPS. Q3 2025 guidance at -2.750–1.750 EPS. On average, equities analysts predict that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Allegiant Travel

Hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in Allegiant Travel by 8.5% in the 1st quarter. New York State Common Retirement Fund now owns 6,003 shares of the transportation company’s stock worth $310,000 after purchasing an additional 470 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Allegiant Travel by 8.2% in the 1st quarter. New York State Teachers Retirement System now owns 18,922 shares of the transportation company’s stock worth $977,000 after purchasing an additional 1,426 shares in the last quarter. SG Americas Securities LLC bought a new position in Allegiant Travel in the 1st quarter worth about $597,000. Illinois Municipal Retirement Fund boosted its stake in Allegiant Travel by 33.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 9,826 shares of the transportation company’s stock worth $508,000 after purchasing an additional 2,480 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Allegiant Travel by 489.1% in the 1st quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock worth $28,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.