Investment Analysts’ Recent Ratings Updates for Allegiant Travel (ALGT)

A number of research firms have changed their ratings and price targets for Allegiant Travel (NASDAQ: ALGT):

• 5/19/2025 – Allegiant Travel had its price target lowered by analysts at Morgan Stanley from $93.00 to $85.00. They now have an “equal weight” rating on the stock.
• 5/13/2025 – Allegiant Travel had its price target raised by analysts at UBS Group AG from $45.00 to $60.00. They now have a “neutral” rating on the stock.
• 5/12/2025 – Allegiant Travel had its price target raised by analysts at TD Cowen from $35.00 to $50.00. They now have a “hold” rating on the stock.
• 5/8/2025 – Allegiant Travel had its price target lowered by analysts at Barclays PLC from $60.00 to $52.00. They now have an “equal weight” rating on the stock.
• 5/7/2025 – Allegiant Travel had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $80.00 price target on the stock, down previously from $90.00.
• 4/8/2025 – Allegiant Travel had its price target lowered by analysts at Barclays PLC from $100.00 to $60.00. They now have an “equal weight” rating on the stock.
• 4/7/2025 – Allegiant Travel had its price target lowered by analysts at UBS Group AG from $61.00 to $45.00. They now have a “neutral” rating on the stock.
• 4/7/2025 – Allegiant Travel had its price target lowered by analysts at Susquehanna from $95.00 to $50.00. They now have a “neutral” rating on the stock.
• 4/3/2025 – Allegiant Travel had its price target lowered by analysts at Bank of America Co. from $95.00 to $50.00. They now have an “underperform” rating on the stock.
• 4/2/2025 – Allegiant Travel was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $90.00 price target on the stock, down previously from $125.00.

Allegiant Travel Price Performance

NASDAQ:ALGT traded up $3.55 during mid-day trading on Tuesday, reaching $55.89. The stock had a trading volume of 351,353 shares, compared to its average volume of 430,877. The stock has a market capitalization of $1.02 billion, a P/E ratio of -4.18 and a beta of 1.78. The firm has a 50 day moving average price of $50.14 and a two-hundred day moving average price of $72.11. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Tuesday, May 6th. The transportation company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.54 by $0.27. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. The firm had revenue of $699.07 million for the quarter, compared to the consensus estimate of $700.00 million. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Allegiant Travel will post 7.7 earnings per share for the current year.

Institutional Trading of Allegiant Travel

Hedge funds have recently added to or reduced their stakes in the business. Crews Bank & Trust purchased a new position in shares of Allegiant Travel in the fourth quarter worth about $25,000. Jones Financial Companies Lllp grew its position in Allegiant Travel by 94.5% during the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after acquiring an additional 223 shares during the last quarter. Sterling Capital Management LLC increased its stake in Allegiant Travel by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock worth $47,000 after purchasing an additional 442 shares during the period. Farther Finance Advisors LLC lifted its position in Allegiant Travel by 489.1% in the first quarter. Farther Finance Advisors LLC now owns 542 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 450 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Allegiant Travel by 30.3% in the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 138 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.