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

Allegiant Travel (NASDAQ:ALGT) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $84.60.

Several analysts recently issued reports on ALGT shares. Susquehanna raised their price target on Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. StockNews.com upgraded Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Raymond James boosted their price target on shares of Allegiant Travel from $75.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Bank of America increased their price objective 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. Finally, TD Cowen boosted their target price 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.

Institutional Investors Weigh In On Allegiant Travel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its position 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 period. SeaCrest Wealth Management LLC grew its holdings in Allegiant Travel by 3.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 6,210 shares of the transportation company’s stock worth $584,000 after acquiring an additional 200 shares during the period. Jones Financial Companies Lllp raised its position in Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after acquiring an additional 223 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Allegiant Travel by 53.5% in the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 236 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in shares of Allegiant Travel during the 4th quarter valued at about $25,000. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Down 5.3 %

Shares of NASDAQ:ALGT opened at $53.03 on Friday. The company’s fifty day moving average is $82.86 and its two-hundred day moving average is $73.49. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75. Allegiant Travel has a 1-year low of $36.09 and a 1-year high of $107.57. The stock has a market capitalization of $972.46 million, a price-to-earnings ratio of -3.97 and a beta of 1.64.

Allegiant Travel (NASDAQ:ALGT) last released 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 negative net margin of 9.56% and a positive return on equity of 3.33%. Equities analysts anticipate that Allegiant Travel will post 7.7 EPS for the current year.

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.