FY2027 EPS Forecast for Allegiant Travel Lowered by Analyst

Allegiant Travel (NASDAQ:ALGT) – Investment analysts at Seaport Res Ptn cut their FY2027 earnings per share (EPS) estimates for shares of Allegiant Travel in a research note issued on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now forecasts that the transportation company will post earnings per share of $12.00 for the year, down from their previous forecast of $12.50. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share.

Other equities analysts have also recently issued reports about the stock. TD Cowen lifted their price objective on shares of Allegiant Travel from $50.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday. UBS Group initiated coverage on Allegiant Travel in a research report on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price target for the company. Barclays upped their price objective on Allegiant Travel from $50.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Evercore ISI lifted their target price on Allegiant Travel from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley boosted their target price on Allegiant Travel from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $68.00.

Allegiant Travel Stock Up 1.6 %

NASDAQ ALGT opened at $82.12 on Friday. The stock has a 50 day moving average price of $73.31 and a 200-day moving average price of $56.55. Allegiant Travel has a one year low of $36.08 and a one year high of $94.45. The company has a market capitalization of $1.51 billion, a P/E ratio of -54.75, a P/E/G ratio of 7.17 and a beta of 1.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

Institutional Trading of Allegiant Travel

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC raised its stake in Allegiant Travel by 149.2% in the third quarter. Signaturefd LLC now owns 456 shares of the transportation company’s stock worth $25,000 after buying an additional 273 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Allegiant Travel by 136.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 526 shares of the transportation company’s stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Innealta Capital LLC bought a new stake in Allegiant Travel during the second quarter valued at about $34,000. NBC Securities Inc. grew its stake in Allegiant Travel by 2,827.9% in the third quarter. NBC Securities Inc. now owns 1,259 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in Allegiant Travel by 170.6% in the second quarter. Headlands Technologies LLC now owns 2,522 shares of the transportation company’s stock valued at $127,000 after purchasing an additional 1,590 shares during the last quarter. 85.81% of the stock is currently owned by institutional investors.

Insider Activity at Allegiant Travel

In other Allegiant Travel news, Chairman Maurice J. Gallagher, Jr. sold 28,319 shares of Allegiant Travel stock in a transaction on Monday, November 25th. The stock was sold at an average price of $84.46, for a total transaction of $2,391,822.74. Following the completion of the sale, the chairman now directly owns 2,147,730 shares of the company’s stock, valued at $181,397,275.80. The trade was a 1.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $80.77, for a total value of $28,269.50. Following the completion of the sale, the director now owns 11,650 shares of the company’s stock, valued at $940,970.50. This represents a 2.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,600 shares of company stock worth $2,476,465 in the last quarter. 15.80% of the stock is owned by company 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.