Analysts Set Allegiant Travel (NASDAQ:ALGT) Target Price at $80.10

Shares of Allegiant Travel (NASDAQ:ALGT) have earned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $80.10.

A number of research analysts have weighed in on the stock. Bank of America boosted their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research note on Friday, January 17th. UBS Group started coverage on shares of Allegiant Travel in a research note on Tuesday, November 26th. They set a “neutral” rating and a $16.00 price target on the stock. Barclays upped their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. TD Cowen upped their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, Susquehanna upped their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Allegiant Travel

Institutional investors have recently made changes to their positions in the stock. Crews Bank & Trust bought a new position in shares of Allegiant Travel in the 4th quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in shares of Allegiant Travel by 94.5% during 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 last quarter. Sterling Capital Management LLC grew its holdings in shares of Allegiant Travel by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Allegiant Travel by 30.3% during the 4th 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. Finally, GAMMA Investing LLC grew its holdings in shares of Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Up 1.4 %

ALGT opened at $54.23 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. The stock has a market cap of $994.47 million, a price-to-earnings ratio of -4.06 and a beta of 1.64. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The company’s 50-day moving average price is $86.46 and its two-hundred day moving average price is $73.60.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, equities analysts expect that Allegiant Travel will post 7.7 earnings per share 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.