Allegiant Travel (NASDAQ:ALGT) Trading Up 6.9% – Still a Buy?

Shares of Allegiant Travel Company (NASDAQ:ALGT) shot up 6.9% during mid-day trading on Thursday . The stock traded as high as $80.74 and last traded at $80.38. 68,205 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 538,931 shares. The stock had previously closed at $75.21.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ALGT shares. Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Allegiant Travel in a report on Friday, February 6th. Citigroup lowered their target price on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 20th. Evercore upped their target price on shares of Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Wolfe Research upgraded shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a report on Tuesday, January 20th. Finally, UBS Group upped their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Allegiant Travel has an average rating of “Hold” and an average price target of $102.70.

Allegiant Travel Stock Up 7.0%

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 stock’s 50-day simple moving average is $81.92 and its 200-day simple moving average is $84.09. The firm has a market capitalization of $1.48 billion, a P/E ratio of -40.22, a P/E/G ratio of 0.34 and a beta of 1.50.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.40 by $0.37. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The firm had revenue of $732.43 million during the quarter, compared to the consensus estimate of $711.01 million. During the same period in the prior year, the firm earned $2.11 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, research analysts predict that Allegiant Travel Company will post 4.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALGT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Allegiant Travel by 4.5% in 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 acquiring an additional 394 shares during the period. 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 worth $380,000 after purchasing an additional 1,558 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Allegiant Travel in the second quarter worth about $350,000. Invesco Ltd. raised its position in shares of Allegiant Travel by 3.9% in the second quarter. Invesco Ltd. now owns 121,339 shares of the transportation company’s stock valued at $6,668,000 after purchasing an additional 4,602 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Allegiant Travel in the second quarter valued at approximately $654,000. 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.