Allegiant Travel (NASDAQ:ALGT) Given New $100.00 Price Target at Bank of America

by · The Cerbat Gem

Allegiant Travel (NASDAQ:ALGT – Get Free Report) had its price objective upped by Bank of America from $90.00 to $100.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Bank of America‘s price objective would indicate a potential upside of 13.55% from the stock’s current price.

Several other equities research analysts have also weighed in on ALGT. UBS Group increased their target price on Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Evercore boosted their target price on shares of Allegiant Travel from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Zacks Research lowered shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Morgan Stanley boosted their target price 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, February 5th. Finally, Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Allegiant Travel in a research note on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $103.20.

Read Our Latest Research Report on ALGT

Allegiant Travel Stock Down 1.2%

Shares of NASDAQ ALGT traded down $1.10 during trading on Tuesday, reaching $88.06. 629,932 shares of the stock were exchanged, compared to its average volume of 639,021. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $118.00. The business’s 50-day moving average price is $82.02 and its 200 day moving average price is $85.64. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -44.70, a price-to-earnings-growth ratio of 0.42 and a beta of 1.55.

Allegiant Travel (NASDAQ:ALGT – Get Free Report) last issued its earnings results on Thursday, April 30th. The transportation company reported $3.77 EPS for the quarter, topping the consensus estimate of $3.40 by $0.37. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company had revenue of $732.43 million during the quarter, compared to analyst estimates of $711.01 million. During the same quarter last year, the firm earned $2.11 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. As a group, equities analysts forecast that Allegiant Travel will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of large investors have recently made changes to their positions in the company. Heartland Advisors Inc. bought a new position in Allegiant Travel during the third quarter valued at about $12,747,000. Balyasny Asset Management L.P. bought a new stake in shares of Allegiant Travel during the 4th quarter worth $16,405,000. Assenagon Asset Management S.A. bought a new stake in shares of Allegiant Travel during the 1st quarter worth $11,781,000. Principal Financial Group Inc. boosted its holdings in shares of Allegiant Travel by 151.1% during the 1st quarter. Principal Financial Group Inc. now owns 161,227 shares of the transportation company’s stock worth $13,066,000 after buying an additional 97,010 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Allegiant Travel by 15.4% during the 3rd quarter. Franklin Resources Inc. now owns 549,287 shares of the transportation company’s stock worth $33,380,000 after buying an additional 73,360 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

About Allegiant Travel

(Get Free Report)

Allegiant Travel Company is a holding company that operates Allegiant Air, a low‐cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price‐sensitive leisure travelers, Allegiant Air operates a point‐to‐point network that avoids the traditional hub‐and‐spoke model, providing non‐stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.

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