Allegiant Travel (NASDAQ:ALGT) Sets New 12-Month High Following Analyst Upgrade

Allegiant Travel Company (NASDAQ:ALGT)’s stock price reached a new 52-week high during mid-day trading on Monday after Morgan Stanley raised their price target on the stock from $100.00 to $115.00. Morgan Stanley currently has an equal weight rating on the stock. Allegiant Travel traded as high as $123.63 and last traded at $121.2550, with a volume of 615052 shares. The stock had previously closed at $118.67.

ALGT has been the subject of a number of other reports. Citigroup upgraded Allegiant Travel from a “neutral” rating to a “buy” rating and increased their target price 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 on the stock. The Goldman Sachs Group increased their price objective on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group upped 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. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALGT. Price T Rowe Associates Inc. MD increased its position in Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after acquiring an additional 106 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Allegiant Travel by 27.3% in the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after acquiring an additional 117 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of Allegiant Travel by 1.2% during the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock worth $855,000 after purchasing an additional 125 shares during the period. Millennium Management LLC grew its holdings in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after purchasing an additional 134 shares during the last quarter. Finally, FourThought Financial Partners LLC grew its holdings in Allegiant Travel by 4.1% during the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 137 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Allegiant Travel Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $2.24 billion, a PE ratio of -59.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The stock’s 50-day moving average is $89.38 and its two-hundred day moving average is $89.82.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.37. The business had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities analysts predict that Allegiant Travel Company will post 4.43 EPS for the current year.

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.