Allegiant Travel (NASDAQ:ALGT) Receives $80.10 Consensus Price Target from Analysts

Allegiant Travel (NASDAQ:ALGT) has received an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $80.10.

ALGT has been the subject of a number of research reports. UBS Group initiated coverage on shares of Allegiant Travel in a report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Raymond James raised their price target on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. Bank of America raised their price target on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a report on Friday, January 17th. TD Cowen raised their price target on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, Susquehanna raised their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Allegiant Travel

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after purchasing an additional 138 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in Allegiant Travel by 3.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock worth $584,000 after purchasing an additional 200 shares in the last quarter. Jones Financial Companies Lllp grew its position in Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after purchasing an additional 223 shares in the last quarter. GAMMA Investing LLC grew its position in Allegiant Travel by 53.5% in 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. Finally, Crews Bank & Trust bought a new stake in Allegiant Travel in the 4th quarter worth about $25,000. 85.81% of the stock is owned by institutional investors.

Allegiant Travel Price Performance

Shares of NASDAQ ALGT opened at $54.23 on Friday. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The firm has a fifty day simple moving average of $86.46 and a 200 day simple moving average of $73.60. The company has a market capitalization of $994.47 million, a PE ratio of -4.06 and a beta of 1.64. 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 (NASDAQ:ALGT) last announced its earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast 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.