Allegiant Travel (NASDAQ:ALGT) Receives $71.00 Average PT from Brokerages

Allegiant Travel (NASDAQ:ALGT) has received a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $67.00.

ALGT has been the subject of a number of analyst reports. UBS Group reduced their price target on Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. TD Cowen increased their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Raymond James raised shares of Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $125.00 to $90.00 in a research note on Wednesday, April 2nd. Finally, Susquehanna dropped their target price on Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday.

Institutional Investors Weigh In On Allegiant Travel

Large investors have recently modified their holdings of the stock. Crews Bank & Trust acquired a new stake in shares of Allegiant Travel during the fourth quarter worth $25,000. Jones Financial Companies Lllp boosted its position in shares of Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 223 shares during the period. 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 in the last quarter. Signaturefd LLC raised its holdings in Allegiant Travel by 30.3% during the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after buying an additional 138 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Allegiant Travel by 53.5% during the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after buying an additional 236 shares in the last quarter. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $46.38 on Tuesday. The business’s fifty day moving average price is $65.30 and its two-hundred day moving average price is $74.46. The firm has a market capitalization of $850.52 million, a PE ratio of -3.47 and a beta of 1.57. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Tuesday, February 4th. The transportation company reported $2.10 EPS for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. On average, research analysts expect that Allegiant Travel will post 7.7 EPS for the current year.

About Allegiant Travel

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.