Allegiant Travel (NASDAQ:ALGT) Price Target Cut to $45.00 by Analysts at UBS Group

Allegiant Travel (NASDAQ:ALGT - Free Report) had its price target reduced by UBS Group from $61.00 to $45.00 in a research report sent to investors on Monday,Benzinga reports. UBS Group currently has a neutral rating on the transportation company's stock.

A number of other equities analysts have also recently issued reports on the stock. Barclays boosted their price objective on shares of Allegiant Travel from $85.00 to $100.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. The Goldman Sachs Group upped their price target on Allegiant Travel from $83.00 to $92.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Susquehanna cut 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. Bank of America dropped their price target on Allegiant Travel from $95.00 to $50.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Finally, StockNews.com upgraded shares of Allegiant Travel from a "sell" rating to a "hold" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.00.

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Allegiant Travel Trading Up 0.3 %

Shares of ALGT traded up $0.13 during trading hours on Monday, hitting $46.51. The company had a trading volume of 314,206 shares, compared to its average volume of 418,733. Allegiant Travel has a 52-week low of $36.09 and a 52-week high of $107.57. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 1.36. The stock's 50 day moving average price is $64.25 and its 200 day moving average price is $74.45. The firm has a market cap of $852.90 million, a P/E ratio of -3.48 and a beta of 1.57.

Allegiant Travel (NASDAQ:ALGT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) 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, research analysts predict that Allegiant Travel will post 7.7 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust purchased a new position in Allegiant Travel in the fourth quarter worth about $25,000. Jones Financial Companies Lllp lifted its position in Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company's stock valued at $43,000 after acquiring an additional 223 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Allegiant Travel by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company's stock valued at $47,000 after purchasing an additional 442 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Allegiant Travel by 30.3% in the 4th quarter. Signaturefd LLC now owns 594 shares of the transportation company's stock worth $56,000 after purchasing an additional 138 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Allegiant Travel by 53.5% in the fourth quarter. GAMMA Investing LLC now owns 677 shares of the transportation company's stock worth $64,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company's stock.

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.