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

Allegiant Travel (NASDAQ:ALGT) had its price objective increased by equities research analysts at Morgan Stanley from $100.00 to $115.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s target price suggests a potential downside of 3.09% from the stock’s current price.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. began coverage on shares of Allegiant Travel in a research note on Wednesday, July 1st. They issued an “overweight” rating and a $156.00 target price on the stock. Wall Street Zen raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group lifted their target price on shares of Allegiant Travel from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.42.

Allegiant Travel Stock Performance

Allegiant Travel stock opened at $118.67 on Monday. 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 has a fifty-two week low of $42.56 and a fifty-two week high of $123.63. The stock has a market cap of $2.19 billion, a P/E ratio of -59.33, a PEG ratio of 0.52 and a beta of 1.51. The firm’s fifty day moving average price is $89.38 and its 200-day moving average price is $89.82.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities research analysts forecast that Allegiant Travel will post 4.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently made changes to their positions in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Allegiant Travel by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,202 shares of the transportation company’s stock valued at $475,000 after purchasing an additional 394 shares during the last quarter. Creative Planning boosted its position in Allegiant Travel by 29.1% during the second quarter. Creative Planning now owns 6,915 shares of the transportation company’s stock valued at $380,000 after buying an additional 1,558 shares during the period. Hsbc Holdings PLC purchased a new stake in Allegiant Travel during the second quarter valued at about $350,000. Invesco Ltd. grew its stake in shares of Allegiant Travel by 3.9% during the second quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after buying an additional 4,602 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of Allegiant Travel during the second quarter valued at about $654,000. Hedge funds and other 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.