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

Shares of Allegiant Travel (NASDAQ:ALGTGet Free Report) 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.

Check Out Our Latest Stock Report on ALGT

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:ALGTGet Free Report) 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

(Get Free Report

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.

Read More

Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.