Allegiant Travel (NASDAQ:ALGT - Get Free Report) had its target price reduced by research analysts at Barclays from $100.00 to $60.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the transportation company's stock. Barclays's price target would suggest a potential upside of 29.00% from the company's current price.
A number of other equities research analysts also recently commented on ALGT. Morgan Stanley boosted their target price on Allegiant Travel from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. StockNews.com upgraded Allegiant Travel from a "sell" rating to a "hold" rating in a research report on Wednesday, January 15th. UBS Group reduced their price target on shares of Allegiant Travel from $61.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. TD Cowen upped their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the company a "hold" rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their price objective on Allegiant Travel from $83.00 to $92.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $67.00.
Check Out Our Latest Analysis on Allegiant Travel
Allegiant Travel Price Performance
ALGT stock traded up $0.13 during midday trading on Tuesday, hitting $46.51. The company's stock had a trading volume of 314,206 shares, compared to its average volume of 418,733. 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 12 month low of $36.09 and a 12 month high of $107.57. The company has a 50 day moving average of $64.25 and a two-hundred day moving average of $74.45. The firm has a market capitalization of $852.90 million, a price-to-earnings ratio of -3.48 and a beta of 1.57.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its 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%. On average, analysts expect that Allegiant Travel will post 7.7 EPS for the current year.
Institutional Trading of Allegiant Travel
Several institutional investors and hedge funds have recently made changes to their positions in ALGT. Nisa Investment Advisors LLC increased its stake 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 worth $849,000 after buying an additional 8,491 shares during the period. State Street Corp grew its stake in Allegiant Travel by 1.7% in the 3rd 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. increased its position 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 raised its stake in shares of Allegiant Travel by 575.4% during the fourth 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. purchased a new stake in shares of Allegiant Travel in the fourth quarter valued at approximately $383,000. 85.81% of the stock is currently owned by institutional investors.
About Allegiant Travel
(
Get Free Report)
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.
See Also
Before you consider Allegiant Travel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegiant Travel wasn't on the list.
While Allegiant Travel currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
