UBS Group Lowers Allegiant Travel (NASDAQ:ALGT) Price Target to $61.00

Allegiant Travel (NASDAQ:ALGT) had its target price lowered by UBS Group from $93.00 to $61.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the transportation company’s stock.

ALGT has been the subject of a number of other research reports. TD Cowen increased their target price on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Bank of America increased their price target on shares of Allegiant Travel from $54.00 to $95.00 and gave the stock an “underperform” rating in a report on Friday, January 17th. Susquehanna increased their price target on shares of Allegiant Travel from $60.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price target on shares of Allegiant Travel from $83.00 to $92.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, Barclays increased their price target on shares of Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Allegiant Travel has an average rating of “Hold” and an average price target of $84.60.

Allegiant Travel Price Performance

Shares of NASDAQ:ALGT opened at $54.96 on Thursday. 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 firm has a market capitalization of $1.01 billion, a PE ratio of -4.11 and a beta of 1.64. Allegiant Travel has a twelve month low of $36.09 and a twelve month high of $107.57. The company has a 50-day moving average price of $81.94 and a two-hundred day moving average price of $73.80.

Allegiant Travel (NASDAQ:ALGT) 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%. Equities analysts forecast that Allegiant Travel will post 7.7 EPS for the current year.

Institutional Investors Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently bought and sold shares of the stock. Crews Bank & Trust purchased a new stake in Allegiant Travel in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Allegiant Travel by 94.5% in the 4th quarter. Jones Financial Companies Lllp now owns 459 shares of the transportation company’s stock worth $43,000 after acquiring an additional 223 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Allegiant Travel by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 497 shares of the transportation company’s stock worth $47,000 after acquiring an additional 442 shares during the last quarter. Signaturefd LLC lifted 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 acquiring an additional 138 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Allegiant Travel by 53.5% in the 4th quarter. GAMMA Investing LLC now owns 677 shares of the transportation company’s stock worth $64,000 after acquiring an additional 236 shares during the last quarter. 85.81% of the stock is owned by hedge funds and other institutional investors.

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.