The Goldman Sachs Group Upgrades Allegiant Travel (NASDAQ:ALGT) to “Strong-Buy”

Allegiant Travel (NASDAQ:ALGT) was upgraded by equities research analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on ALGT. Zacks Research cut shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. UBS Group boosted their price objective on shares of Allegiant Travel from $90.00 to $93.00 and gave the company a “neutral” rating in a research report on Monday, March 23rd. Citigroup cut their price objective on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Bank of America boosted their price objective on shares of Allegiant Travel from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Allegiant Travel has a consensus rating of “Hold” and an average target price of $105.18.

Allegiant Travel Trading Down 0.0%

Shares of NASDAQ ALGT opened at $95.89 on Tuesday. The company’s fifty day moving average is $83.51 and its 200-day moving average is $87.33. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -47.94, a P/E/G ratio of 0.48 and a beta of 1.55. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $118.00. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.52.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. The company had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a negative net margin of 1.30% and a positive return on equity of 10.07%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Equities research analysts predict that Allegiant Travel will post 3.89 EPS for the current year.

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in Allegiant Travel by 0.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after acquiring an additional 106 shares in the last quarter. Signaturefd LLC lifted its position in Allegiant Travel by 27.3% in the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 117 shares in the last quarter. Silver Oak Securities Incorporated lifted its position in Allegiant Travel by 1.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock valued at $855,000 after acquiring an additional 125 shares in the last quarter. Millennium Management LLC lifted its position in Allegiant Travel by 0.5% in the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after acquiring an additional 134 shares in the last quarter. Finally, FourThought Financial Partners LLC increased its stake in Allegiant Travel by 4.1% in the 4th quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after buying an additional 137 shares during the last quarter. 85.81% of the stock is owned by institutional investors.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low?cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price?sensitive leisure travelers, Allegiant Air operates a point?to?point network that avoids the traditional hub?and?spoke model, providing non?stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.