Brokers Issue Forecasts for ALGT FY2027 Earnings

Allegiant Travel (NASDAQ:ALGT) – Analysts at Seaport Res Ptn issued their FY2027 EPS estimates for Allegiant Travel in a note issued to investors on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie anticipates that the transportation company will post earnings of $12.50 per share for the year. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.04 per share.

A number of other research analysts have also weighed in on ALGT. Barclays increased their price objective on Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday. TD Cowen increased their price target on shares of Allegiant Travel from $42.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $83.00 price target on shares of Allegiant Travel in a research report on Friday. Wolfe Research downgraded shares of Allegiant Travel from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Evercore ISI raised their target price on shares of Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.11.

Allegiant Travel Stock Performance

Shares of ALGT stock opened at $77.69 on Thursday. The business has a fifty day moving average of $57.95 and a 200 day moving average of $51.85. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $85.91. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -51.79, a price-to-earnings-growth ratio of 5.92 and a beta of 1.61.

Institutional Investors Weigh In On Allegiant Travel

Several institutional investors have recently bought and sold shares of ALGT. International Assets Investment Management LLC purchased a new position in shares of Allegiant Travel in the third quarter valued at approximately $63,540,000. Interval Partners LP purchased a new position in Allegiant Travel in the 1st quarter valued at $5,641,000. Clearbridge Investments LLC purchased a new position in Allegiant Travel in the 2nd quarter valued at $8,959,000. First Eagle Investment Management LLC boosted its stake in Allegiant Travel by 57.5% during the 1st quarter. First Eagle Investment Management LLC now owns 103,513 shares of the transportation company’s stock worth $7,785,000 after purchasing an additional 37,800 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Allegiant Travel by 369.1% during the first quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company’s stock worth $1,796,000 after buying an additional 18,785 shares in the last quarter. 85.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allegiant Travel

In related news, COO Keny Frank Wilper sold 635 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $62.69, for a total value of $39,808.15. Following the completion of the sale, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. The trade was a 3.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary Ellmer sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the transaction, the director now directly owns 7,490 shares in the company, valued at approximately $337,050. The trade was a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,334 shares of company stock valued at $117,158 in the last ninety days. 15.80% of the stock is currently owned by corporate insiders.

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.