Research Analysts’ Weekly Ratings Updates for Allegiant Travel (ALGT)

Allegiant Travel (NASDAQ: ALGT) recently received a number of ratings updates from brokerages and research firms:

• 4/8/2025 – Allegiant Travel had its price target lowered by analysts at Barclays PLC from $100.00 to $60.00. They now have an “equal weight” rating on the stock.
• 4/7/2025 – Allegiant Travel had its price target lowered by analysts at UBS Group AG from $61.00 to $45.00. They now have a “neutral” rating on the stock.
• 4/7/2025 – Allegiant Travel had its price target lowered by analysts at Susquehanna from $95.00 to $50.00. They now have a “neutral” rating on the stock.
• 4/3/2025 – Allegiant Travel had its price target lowered by analysts at Bank of America Co. from $95.00 to $50.00. They now have an “underperform” rating on the stock.
• 4/2/2025 – Allegiant Travel was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating. They now have a $90.00 price target on the stock, down previously from $125.00.
• 3/20/2025 – Allegiant Travel had its price target lowered by analysts at UBS Group AG from $93.00 to $61.00. They now have a “neutral” rating on the stock.

Allegiant Travel Trading Up 0.4 %

Allegiant Travel stock traded up $0.17 during midday trading on Tuesday, hitting $45.10. 228,363 shares of the stock were exchanged, compared to its average volume of 418,584. The stock has a market capitalization of $827.08 million, a PE ratio of -3.37 and a beta of 1.57. The company has a fifty day simple moving average of $63.47 and a two-hundred day simple moving average of $74.57. 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 has a 52 week low of $36.09 and a 52 week high of $107.57.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly 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%. Equities research analysts anticipate that Allegiant Travel will post 7.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegiant Travel

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC increased its stake in Allegiant Travel by 1,614.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company’s stock worth $849,000 after purchasing an additional 8,491 shares in the last quarter. State Street Corp increased its position 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 worth $33,530,000 after acquiring an additional 10,050 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Allegiant Travel by 18.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,642 shares of the transportation company’s stock worth $28,673,000 after acquiring an additional 47,186 shares during the period. US Bancorp DE lifted its position in Allegiant Travel by 575.4% in the 4th quarter. US Bancorp DE now owns 5,025 shares of the transportation company’s stock valued at $473,000 after acquiring an additional 4,281 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Allegiant Travel in the 4th quarter worth $383,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

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.