Equities Analysts Offer Predictions for ALGT FY2027 Earnings

Allegiant Travel (NASDAQ:ALGT) – Research analysts at Seaport Res Ptn cut their FY2027 earnings estimates for shares of Allegiant Travel in a note issued to investors on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will earn $12.00 per share for the year, down from their prior estimate of $12.50. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share.

Several other research firms have also recently weighed in on ALGT. Morgan Stanley boosted their price objective on Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Thursday. Barclays increased their price target on shares of Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Wolfe Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Allegiant Travel presently has a consensus rating of “Hold” and an average target price of $68.00.

Allegiant Travel Stock Performance

ALGT stock opened at $84.47 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 firm has a market cap of $1.55 billion, a PE ratio of -56.31, a P/E/G ratio of 7.17 and a beta of 1.67. The business has a 50 day moving average of $73.84 and a 200-day moving average of $56.77. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $94.45.

Institutional Trading of Allegiant Travel

A number of large investors have recently made changes to their positions in ALGT. Franklin Resources Inc. raised its holdings in shares of Allegiant Travel by 2.5% in the third quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock valued at $34,584,000 after acquiring an additional 14,852 shares in the last quarter. Barclays PLC raised its holdings in shares of Allegiant Travel by 136.9% in the 3rd quarter. Barclays PLC now owns 31,876 shares of the transportation company’s stock valued at $1,755,000 after purchasing an additional 18,421 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Allegiant Travel by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 364,755 shares of the transportation company’s stock worth $20,089,000 after purchasing an additional 5,424 shares during the period. XTX Topco Ltd boosted its stake in shares of Allegiant Travel by 15.0% during the third quarter. XTX Topco Ltd now owns 17,491 shares of the transportation company’s stock valued at $963,000 after purchasing an additional 2,279 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Allegiant Travel by 1.7% during the third quarter. State Street Corp now owns 608,977 shares of the transportation company’s stock valued at $33,530,000 after purchasing an additional 10,050 shares in the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Keny Frank Wilper sold 635 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares of the company’s stock, valued at $1,025,169.57. This trade represents a 3.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the transaction, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,600 shares of company stock worth $2,476,465 over the last quarter. Insiders own 15.80% of the company’s stock.

Allegiant Travel Company Profile

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.