Allegiant Travel Company (NASDAQ:ALGT) Receives $125.77 Average Price Target from Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.7692.

Several equities research analysts have recently issued reports on ALGT shares. Weiss Ratings upgraded Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and upped their price objective for the company from $98.00 to $156.00 in a research note on Friday, June 26th. Barclays decreased their target price on shares of Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Morgan Stanley boosted their target price on shares of Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, UBS Group raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and cut their price target for the stock from $111.00 to $107.00 in a research note on Sunday, September 13th.

Allegiant Travel Trading Down 1.2%

Shares of ALGT stock opened at $78.16 on Tuesday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 0.22 and a beta of 1.50. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $88.32 and a 200 day moving average price of $88.26. Allegiant Travel has a twelve month low of $57.11 and a twelve month high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 10.83%. The business had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. The company’s revenue was up 36.8% on a year-over-year basis. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Research analysts forecast that Allegiant Travel will post 6.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth about $1,149,000. Arizona State Retirement System acquired a new stake in shares of Allegiant Travel in the second quarter worth $218,000. Corient Private Wealth LP acquired a new stake in shares of Allegiant Travel in the second quarter worth $3,595,000. Amundi purchased a new position in shares of Allegiant Travel in the 2nd quarter valued at $554,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Allegiant Travel in the 2nd quarter valued at $1,294,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel and aviation company headquartered in Las Vegas, Nevada. Its principal subsidiary, Allegiant Air, operates scheduled and charter passenger flights, primarily connecting smaller regional airports with popular vacation destinations in the United States.

Allegiant Air’s business model emphasizes low base fares and a range of optional services, including baggage, seat selection, priority boarding and other travel-related products. The airline primarily serves leisure travelers and operates routes to destinations such as Florida, Las Vegas, Arizona and other vacation markets, with service designed around demand for leisure travel rather than extensive daily connectivity between major business centers.

Allegiant Travel was established in 1997, and Allegiant Air began scheduled passenger operations in 1999.