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

Allegiant Travel (NASDAQ:ALGT) has received a consensus rating of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $80.10.

A number of equities analysts have commented on ALGT shares. Raymond James lifted their price objective on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. The Goldman Sachs Group lifted their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Wolfe Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Barclays lifted their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th.

Insider Activity at Allegiant Travel

In related news, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares in the company, valued at $940,970.50. This trade represents a 2.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allegiant Travel

Several large investors have recently modified their holdings of ALGT. NBC Securities Inc. raised its holdings in shares of Allegiant Travel by 2,827.9% in the 3rd quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 1,216 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Allegiant Travel by 51.9% in the 3rd quarter. U S Global Investors Inc. now owns 741,429 shares of the transportation company’s stock valued at $40,823,000 after purchasing an additional 253,198 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Allegiant Travel by 149.2% in the 3rd quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 273 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Allegiant Travel in the 3rd quarter valued at about $63,540,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Allegiant Travel by 136.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 85.81% of the company’s stock.

Allegiant Travel Stock Performance

Shares of NASDAQ:ALGT opened at $81.64 on Monday. Allegiant Travel has a 52 week low of $36.08 and a 52 week high of $107.57. The stock has a market capitalization of $1.50 billion, a P/E ratio of -6.11 and a beta of 1.63. The firm has a fifty day simple moving average of $93.51 and a two-hundred day simple moving average of $70.95. 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 (NASDAQ:ALGT) last issued its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 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%. On average, analysts expect that Allegiant Travel will post 7.7 earnings per share 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.