Allegiant Travel Company (NASDAQ:ALGT) Stock Has Average Price Target of $123.38 According to Analysts

Allegiant Travel Company (NASDAQ:ALGT) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $123.38.

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Citigroup reiterated a “buy” rating on shares of Allegiant Travel in a research report on Tuesday, October 6th. Bank of America boosted their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Barclays decreased their price objective on shares of Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. Finally, Morgan Stanley increased their price objective on shares of Allegiant Travel from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ALGT. Global Retirement Partners LLC acquired a new stake in shares of Allegiant Travel in the second quarter valued at $26,000. Allworth Financial LP purchased a new stake in shares of Allegiant Travel in the 2nd quarter valued at $26,000. Parallel Advisors LLC lifted its stake in Allegiant Travel by 339.6% during the 1st quarter. Parallel Advisors LLC now owns 488 shares of the transportation company’s stock worth $40,000 after acquiring an additional 377 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allegiant Travel during the 2nd quarter worth about $42,000. Finally, Farther Finance Advisors LLC lifted its stake in Allegiant Travel by 40.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 584 shares of the transportation company’s stock worth $44,000 after acquiring an additional 168 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Allegiant Travel Price Performance

ALGT stock opened at $66.90 on Friday. The business has a fifty day moving average of $79.28 and a two-hundred day moving average of $87.48. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 1.38. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 0.24 and a beta of 1.55. Allegiant Travel has a 52-week low of $57.11 and a 52-week high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.92. The company had revenue of $943.49 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. As a group, research analysts anticipate that Allegiant Travel will post 5.91 earnings per share for the current year.

Allegiant Travel Company Profile

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada, and the parent company of Allegiant Air. Founded in 1997, Allegiant Air operates a low-cost, scheduled airline model designed to connect travelers in smaller and midsize U.S. cities with popular vacation destinations.

Allegiant Air provides passenger air transportation primarily within the United States, serving destinations such as Florida, Arizona, Nevada, California and other leisure markets.