Allegiant Travel (NASDAQ:ALGT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allegiant Travel (NASDAQ:ALGT) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $67.00.

A number of equities analysts have issued reports on the stock. Bank of America reduced their price objective on shares of Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Barclays reduced their price target on Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. UBS Group dropped their price objective on Allegiant Travel from $61.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Morgan Stanley boosted their target price on Allegiant Travel from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th.

Allegiant Travel Trading Up 6.8 %

ALGT stock opened at $50.95 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The company has a market cap of $934.32 million, a P/E ratio of -3.81 and a beta of 1.57. The business has a fifty day moving average of $52.51 and a 200-day moving average of $73.24.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in shares of Allegiant Travel by 136.9% during the third quarter. Barclays PLC now owns 31,876 shares of the transportation company’s stock worth $1,755,000 after acquiring an additional 18,421 shares during the period. Franklin Resources Inc. increased its holdings in Allegiant Travel by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock worth $34,584,000 after purchasing an additional 14,852 shares in the last quarter. GAMMA Investing LLC increased its holdings in Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after purchasing an additional 236 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Allegiant Travel by 3.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock valued at $584,000 after purchasing an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Allegiant Travel by 1,614.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company’s stock valued at $849,000 after purchasing an additional 8,491 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

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.