Allegiant Travel (NASDAQ:ALGT) Given New $110.00 Price Target at Susquehanna

Allegiant Travel (NASDAQ:ALGT) had its price objective lowered by Susquehanna from $132.00 to $110.00 in a report published on Friday,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

A number of other research firms have also recently issued reports on ALGT. Citigroup raised Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their target price for the company from $98.00 to $156.00 in a research note on Friday, June 26th. UBS Group raised their price target on Allegiant Travel from $103.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on Allegiant Travel from $125.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Barclays initiated coverage on shares of Allegiant Travel in a report on Wednesday, July 8th. They set an “overweight” rating and a $145.00 target price on the stock. Finally, 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 research note on Wednesday, July 1st. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Allegiant Travel Stock Down 1.6%

Shares of NASDAQ:ALGT opened at $95.61 on Friday. Allegiant Travel has a 52 week low of $47.83 and a 52 week high of $123.63. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $1.76 billion, a PE ratio of 67.81, a PEG ratio of 0.26 and a beta of 1.53. The company has a 50 day moving average price of $101.01 and a two-hundred day moving average price of $92.53.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.92. Allegiant Travel had a net margin of 0.90% and a return on equity of 12.69%. The company had revenue of $943.50 million for the quarter, compared to analysts’ expectations of $982.70 million. During the same period last year, the firm posted $1.23 earnings per share. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. Allegiant Travel has set its Q3 2026 guidance at -1.000–0.000 EPS. Analysts forecast that Allegiant Travel will post 7.25 earnings per share for the current year.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds and other institutional investors have recently bought and sold shares of ALGT. Louisiana State Employees Retirement System bought a new position in shares of Allegiant Travel during the 1st quarter worth approximately $486,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Allegiant Travel in the fourth quarter valued at approximately $5,031,000. U S Global Investors Inc. lifted its position in shares of Allegiant Travel by 5.1% in the first quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock worth $24,249,000 after purchasing an additional 14,540 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Allegiant Travel during the fourth quarter worth $3,866,000. Finally, GSA Capital Partners LLP acquired a new position in Allegiant Travel during the fourth quarter worth $973,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.