Allegiant Travel (NASDAQ:ALGT) Given Consensus Recommendation of “Hold” by Brokerages

Allegiant Travel (NASDAQ:ALGT) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $67.00.

A number of brokerages have weighed in on ALGT. Barclays reduced their price target on shares of Allegiant Travel from $100.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Bank of America lowered their price target on Allegiant Travel from $95.00 to $50.00 and set an “underperform” rating on the stock in a research note on Thursday, April 3rd. Raymond James upgraded Allegiant Travel from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $125.00 to $90.00 in a research report on Wednesday, April 2nd. Susquehanna lowered their price objective on Allegiant Travel from $95.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, The Goldman Sachs Group raised their target price on Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th.

Institutional Trading of Allegiant Travel

Several hedge funds have recently modified their holdings of ALGT. Barclays PLC raised its position in Allegiant Travel by 136.9% in the 3rd quarter. Barclays PLC now owns 31,876 shares of the transportation company’s stock valued at $1,755,000 after purchasing an additional 18,421 shares during the last quarter. Franklin Resources Inc. lifted its position in Allegiant Travel by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 600,211 shares of the transportation company’s stock worth $34,584,000 after buying an additional 14,852 shares in the last quarter. GAMMA Investing LLC lifted its position in Allegiant Travel by 53.5% during the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after buying an additional 236 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in Allegiant Travel by 3.3% during the 4th 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 last quarter. Finally, Nisa Investment Advisors LLC increased its position in Allegiant Travel by 1,614.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,017 shares of the transportation company’s stock valued at $849,000 after acquiring an additional 8,491 shares in the last quarter. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

NASDAQ:ALGT opened at $50.95 on Friday. The firm has a market capitalization of $934.32 million, a PE ratio of -3.81 and a beta of 1.57. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 1 year low of $36.09 and a 1 year high of $107.57. The firm’s fifty day simple moving average is $52.51 and its 200 day simple moving average is $73.24.

Allegiant Travel (NASDAQ:ALGT) last posted 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 positive return on equity of 3.33% and a negative net margin of 9.56%. On average, sell-side 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.