Susquehanna Boosts Allegiant Travel (NASDAQ:ALGT) Price Target to $100.00

Allegiant Travel (NASDAQ:ALGT) had its target price raised by investment analysts at Susquehanna from $70.00 to $100.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 8.14% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Bank of America raised shares of Allegiant Travel from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $55.00 to $95.00 in a research report on Tuesday. Raymond James Financial lowered shares of Allegiant Travel from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $78.00 to $98.00 in a research report on Friday, December 19th. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Friday, December 12th. Finally, Barclays lifted their price target on Allegiant Travel from $52.00 to $60.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $88.09.

Allegiant Travel Stock Down 0.5%

Shares of ALGT opened at $92.47 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 1.76. Allegiant Travel has a 12 month low of $39.80 and a 12 month high of $107.57. The firm’s 50 day moving average is $77.70 and its 200-day moving average is $65.26. The stock has a market capitalization of $1.69 billion, a PE ratio of -5.67, a P/E/G ratio of 0.25 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Thursday, May 12th. The transportation company reported $1.18 earnings per share (EPS) for the quarter. The business had revenue of $496.88 million for the quarter. Allegiant Travel had a positive return on equity of 5.24% and a negative net margin of 11.36%.Allegiant Travel has set its FY 2025 guidance at 3.000- EPS and its Q4 2025 guidance at 1.500-2.500 EPS. Equities research analysts forecast that Allegiant Travel will post 7.7 EPS for the current year.

Institutional Trading of Allegiant Travel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in Allegiant Travel by 442.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 542 shares of the transportation company’s stock valued at $33,000 after buying an additional 442 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Allegiant Travel by 28.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 930 shares of the transportation company’s stock worth $51,000 after purchasing an additional 205 shares during the last quarter. GAMMA Investing LLC raised its position in Allegiant Travel by 58.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,108 shares of the transportation company’s stock worth $61,000 after purchasing an additional 407 shares during the last quarter. AlphaQuest LLC grew its position in shares of Allegiant Travel by 119.2% in the 3rd quarter. AlphaQuest LLC now owns 1,120 shares of the transportation company’s stock valued at $68,000 after buying an additional 609 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Allegiant Travel in the third quarter valued at about $69,000. 85.81% of the stock is currently 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.