Allegiant Travel (NASDAQ:ALGT) Shares Up 7.4% – Should You Buy?

Shares of Allegiant Travel Company (NASDAQ:ALGT) were up 7.4% during trading on Tuesday. The company traded as high as $69.03 and last traded at $71.2060. 39,493 shares traded hands during trading, a decline of 93% from the average daily volume of 547,365 shares. The stock had previously closed at $66.31.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALGT. UBS Group raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $111.00 to $107.00 in a research report on Sunday, September 13th. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 15th. Barclays cut 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. Morgan Stanley lifted their price target on Allegiant Travel from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Finally, Weiss Ratings raised shares of Allegiant Travel from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.38.

Allegiant Travel Stock Up 1.5%

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 $77.03 and a 200 day simple moving average of $87.05. The firm has a market capitalization of $1.92 billion, a PE ratio of 49.68, 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 earnings per share (EPS) 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 10.83%. The business had revenue of $943.49 million for the quarter, compared to analyst estimates of $982.70 million. During the same quarter last year, the firm earned $1.23 EPS. The company’s 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. As a group, sell-side analysts forecast that Allegiant Travel Company will post 5.91 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Allegiant Travel in the second quarter worth approximately $416,591,000. Donald Smith & CO. Inc. purchased a new stake in Allegiant Travel in the 2nd quarter worth approximately $175,636,000. Bank of New York Mellon Corp purchased a new position in shares of Allegiant Travel during the 2nd quarter valued at $33,013,000. Wellington Management Group LLP purchased a new position in shares of Allegiant Travel in the second quarter valued at about $26,232,000. Finally, U S Global Investors Inc. raised its stake in Allegiant Travel by 5.1% during the 1st quarter. U S Global Investors Inc. now owns 299,225 shares of the transportation company’s stock valued at $24,249,000 after purchasing an additional 14,540 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

About Allegiant Travel

Allegiant Travel Company is a leisure-focused travel company headquartered in Las Vegas, Nevada. Its principal operating subsidiary, Allegiant Air, is a low-cost airline that provides scheduled and charter passenger service, primarily connecting smaller and mid-sized U.S. cities with popular vacation destinations.

Allegiant Air’s business model emphasizes nonstop routes, low base fares and optional services such as seat selection, baggage, priority boarding and other travel-related amenities.