Susquehanna Issues Pessimistic Forecast for Allegiant Travel (NASDAQ:ALGT) Stock Price

Allegiant Travel (NASDAQ:ALGT) had its target price lowered by analysts at Susquehanna from $110.00 to $85.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 11.23% from the stock’s current price.

Several other brokerages also recently commented on ALGT. Wall Street Zen downgraded shares of Allegiant Travel from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barclays dropped their target price on shares of Allegiant Travel from $145.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Bank of America lifted their price target on shares of Allegiant Travel from $100.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 1st. UBS Group upgraded shares of Allegiant Travel from a “neutral” rating to a “buy” rating and reduced their price target for the company from $111.00 to $107.00 in a research report on Sunday, September 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of Allegiant Travel in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Allegiant Travel currently has an average rating of “Moderate Buy” and an average price target of $123.38.

Allegiant Travel Trading Up 0.2%

Shares of ALGT opened at $76.42 on Wednesday. Allegiant Travel has a 1 year low of $57.11 and a 1 year high of $123.63. 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 stock has a 50 day simple moving average of $81.68 and a 200-day simple moving average of $87.79. The stock has a market cap of $2.09 billion, a PE ratio of 54.20, a PEG ratio of 0.23 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.27 by $0.92. Allegiant Travel had a return on equity of 10.83% and a net margin of 0.90%.The business had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. During the same quarter in the previous year, the firm earned $1.23 EPS. Allegiant Travel’s quarterly 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. On average, sell-side analysts predict that Allegiant Travel will post 6.49 EPS for the current fiscal year.

Institutional Trading of Allegiant Travel

Several hedge funds have recently modified their holdings of ALGT. Louisiana State Employees Retirement System bought a new stake in shares of Allegiant Travel during the first quarter worth $486,000. Wellington Management Group LLP bought a new position in Allegiant Travel in the second quarter valued at about $26,232,000. Landscape Capital Management L.L.C. acquired a new stake in Allegiant Travel in the fourth quarter worth about $5,031,000. VELA Investment Management LLC acquired a new stake in Allegiant Travel in the second quarter worth about $4,461,000. Finally, BlackRock Inc. bought a new stake in Allegiant Travel during the 2nd quarter worth about $416,591,000. 85.81% of the stock is owned by institutional investors.

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.