Allegiant Travel (NASDAQ:ALGT) Receives Consensus Recommendation of “Hold” from Analysts

Allegiant Travel (NASDAQ:ALGT) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $80.10.

Several analysts recently issued reports on ALGT shares. Bank of America boosted their target price on shares of Allegiant Travel from $54.00 to $95.00 and gave the company an “underperform” rating in a research report on Friday, January 17th. Morgan Stanley boosted their price objective on shares of Allegiant Travel from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Raymond James raised their target price on Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. The Goldman Sachs Group boosted their price target on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Finally, Barclays raised their price objective on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th.

Institutional Trading of Allegiant Travel

A number of hedge funds have recently bought and sold shares of the business. Crews Bank & Trust acquired a new stake in shares of Allegiant Travel in the 4th quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in shares of Allegiant Travel by 94.5% in the fourth quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 223 shares during the period. Sterling Capital Management LLC increased its position in Allegiant Travel by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock worth $47,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC raised its stake in Allegiant Travel by 30.3% during the fourth quarter. Signaturefd LLC now owns 594 shares of the transportation company’s stock worth $56,000 after purchasing an additional 138 shares during the period. Finally, GAMMA Investing LLC boosted 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 purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Trading Down 2.4 %

NASDAQ:ALGT opened at $53.49 on Friday. The firm has a market capitalization of $980.90 million, a P/E ratio of -4.00 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. Allegiant Travel has a one year low of $36.09 and a one year high of $107.57. The company’s 50-day simple moving average is $88.02 and its 200 day simple moving average is $73.22.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) 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%. As a group, analysts forecast that Allegiant Travel will post 7.7 EPS for the current fiscal 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.