Allegiant Travel (NASDAQ:ALGT) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Allegiant Travel (NASDAQ:ALGT) from a buy rating to a hold rating in a report released on Saturday.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective 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. Bank of America increased their target price on shares of Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $98.00 to $156.00 in a research report on Friday, June 26th. The Goldman Sachs Group boosted their price target on shares of Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, UBS Group upped their price objective on shares of Allegiant Travel from $103.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Allegiant Travel Trading Down 0.8%

NASDAQ:ALGT opened at $85.75 on Friday. Allegiant Travel has a 1-year low of $53.70 and a 1-year high of $123.63. The business’s 50-day moving average price is $101.13 and its two-hundred day moving average price is $92.43. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 60.82, a PEG ratio of 0.23 and a beta of 1.53.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.92. The company had revenue of $943.49 million during the quarter, compared to analyst estimates of $982.70 million. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 EPS. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. On average, equities analysts expect that Allegiant Travel will post 7.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in shares of Allegiant Travel during the second quarter worth $26,000. Allworth Financial LP acquired a new stake in shares of Allegiant Travel during the second quarter worth $26,000. Parallel Advisors LLC lifted its position in Allegiant Travel by 339.6% in the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 377 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Allegiant Travel in the 2nd quarter valued at $42,000. Finally, NewEdge Advisors LLC boosted its stake in Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after purchasing an additional 373 shares during the period. 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.