Allegiant Travel Company Stock 12‑Month Price Target Raised to $122.08, Implies 3% Upside
Allegiant Travel Company's stock has seen its average 12-month price target raised to $122.08 by 13 analysts, up from $120.92. This new target suggests a potential 3% upside based on the July 2nd closing price. The consensus rating for ALGT remains "Buy," with 8 analysts recommending a Buy and 5 a Hold, and no Sell recommendations.
10 new Allegiant flights coming to Panhandle airport
Allegiant Air is introducing 10 new flights to the Destin-Fort Walton Beach Airport (VPS) and numerous other routes across Florida, connecting smaller cities to popular leisure destinations. This expansion aims to provide more inexpensive flight options following Spirit Airlines' shutdown. One-way fares start as low as $59 for a limited time, and other airlines like American, Avianca, Breeze, Delta, Frontier, JetBlue, and Southwest are also increasing their Florida service.
Analysts Offer Insights on Industrial Goods Companies: Eaton (ETN) and Allegiant Travel Company (ALGT)
Two analysts have offered bullish insights on companies in the Industrial Goods sector: Eaton (ETN) and Allegiant Travel Company (ALGT). Andrew Obin from Bank of America Securities maintained a Buy rating on Eaton, which has a "Strong Buy" consensus and a 13.4% upside. John Godyn from Citi kept a Buy rating on Allegiant Travel Company, which holds a "Moderate Buy" consensus and a 3.6% upside.
Allegiant (ALGT) Stock Looks Reasonable Rather Than Rich Today
Allegiant Travel (ALGT) has seen a nearly 97% gain over the past year, making its current valuation appear reasonable rather than significantly undervalued, though it screens as expensive on most metrics. The company's P/S ratio of 1.2x is above the industry average, yet aligns with Simply Wall St's fair value model of 1.3x. While the Sun Country acquisition and upgraded earnings outlook support a stronger profit profile, concerns persist regarding its debt load and sensitivity to discretionary spending.
Allegiant CEO says airlines growth at MSP will depend on demand after Sun Country merger
Allegiant Travel Co.'s CEO, Greg Anderson, stated that the airline's growth at Minneapolis-St. Paul International Airport will be contingent on market performance, following its acquisition of Sun Country Airlines Holdings Inc. Allegiant aims to protect its established position at MSP.
Form 4 Allegiant Travel Company For: 2 July By Investing.com
This article announces a Form 4 filing for Allegiant Travel Company on July 2nd. It provides the title and a brief mention of the filing, followed by various market data, news headlines, and advertising irrelevant to the Form 4 itself.
Should Investors Buy Allegiant Stock Post Bullish Q2 Guidance?
Allegiant Travel Company (ALGT) recently issued an updated, bullish Q2 2026 guidance, expecting at least $1.25 adjusted EPS for the combined entity after acquiring Sun Country Airlines. Despite this positive outlook, driven by favorable demand and reduced fuel costs, the article suggests investors hold off on buying ALGT stock due to an unattractive valuation, ongoing fuel price volatility, rising labor costs, and macro uncertainty. The stock currently holds a Zacks Rank #3 (Hold).
Goldman Sachs Upgrades Allegiant Travel Company (ALGT) Amid Strong Airline Demand
Goldman Sachs has upgraded its forecast for the airline sector, raising Q3 and Q4 2026 net income projections due to robust air travel demand despite rising fuel costs. Allegiant Travel Company (ALGT) saw its price target increased by 14% to $142, benefiting from improved revenue trends post-merger with Sun Country. While ALGT boasts a strong GF Score of 83/100 and positive growth and profitability rankings, investors should note the mixed signals from recent insider selling and its moderate financial strength rating.
Allegiant Travel Is Maintained at Neutral by B of A Securities
B of A Securities has maintained a Neutral rating for Allegiant Travel (ALGT). The article also briefly mentions Unity Software's fourth-quarter financial results, reporting a revenue increase of 35% year-over-year to $609 million and a quarterly loss of 66 cents per share.
Allegiant Travel Initiated at Overweight by JP Morgan
JP Morgan has initiated coverage of Allegiant Travel (NASDAQ: ALGT) with an "Overweight" rating. This indicates that the investment bank believes the stock is likely to outperform the average return of the stocks in its coverage universe over the next 12-18 months.
Allegiant Travel (ALGT) Following Its Debt Refinance, Is The Stock Fully Valued?
Allegiant Travel (ALGT) recently refinanced its debt by issuing US$650 million notes due 2031 to retire earlier 2027 debt, showing strong stock momentum with a 28.37% return over 30 days and a 101.47% return over one year. Despite this, the stock, currently trading at US$117.60, is considered overvalued at 16.8% compared to a fair value of $100.73 according to analyst narratives. The company faces ongoing pressures from high fuel costs and fluctuating leisure travel demand, which could undermine optimistic earnings forecasts.
Allegiant Travel (ALGT) Following Its Debt Refinance, Is The Stock Fully Valued?
Allegiant Travel (ALGT) has refinanced its debt by issuing new 7.125% Senior Secured Notes due 2031 to retire older 2027 debt. Despite strong recent stock performance, with a 30-day gain of 28.37% and a 1-year return of 101.47%, Simply Wall St's analysis suggests the stock is currently 16.8% overvalued with a fair value of $100.73 compared to its trading price of US$117.60. The valuation narrative points to rapid earnings growth and expanding profitability, but also highlights risks from higher fuel costs and uneven leisure travel demand.
Allegiant Travel Company Stock 12‑Month Price Target Raised to $115.77, Implies 2% Downside
Allegiant Travel Company's stock has seen its average 12-month price target raised to $115.77 from $114.23, based on estimates from 13 analysts. This updated target suggests a potential 2% downside from the June 30 closing price. Despite the potential downside, the consensus rating for the company remains a "Buy."
Allegiant lifts Q2 outlook after Sun Country deal on lower fuel costs (ALGT:NASDAQ)
Allegiant Travel (ALGT) has raised its second-quarter earnings outlook, now expecting adjusted earnings per share of at least $1.25 for the combined company following its acquisition of Sun Country Airlines. This improved forecast is attributed to strong travel demand and lower fuel costs.
Is Allegiant cutting Savannah flights? See details
Allegiant Air is reducing its flight routes nationwide starting in July 2026, which includes fewer options from Georgia. Savannah/Hilton Head International Airport is the only airport in Georgia that offers Allegiant flights. The airline is cutting 61 routes across the country.
Allegiant Travel Raises $650 Million in 7.125% Secured Notes, Amends 2027 Indenture and Revolver
Allegiant Travel has successfully issued $650 million in 7.125% Senior Secured Notes due 2031 to refinance existing debt and improve liquidity. The company used a significant portion of the proceeds to repurchase its 7.25% notes due 2027 and plans to redeem the remainder by Q3 2026. Allegiant also amended the indenture for its 2027 notes and updated its revolving credit agreement to align with the new covenants.
Allegiant (NASDAQ: ALGT) refinances 2027 notes with $650M 2031 issue
Allegiant Travel Company has refinanced its debt by issuing $650 million of 7.125% Senior Secured Notes due 2031. The proceeds were primarily used to purchase $377.5 million of its existing 7.25% Senior Secured Notes due 2027 through a cash tender offer. This move extends the company's debt maturity profile and introduces a new covenant requiring minimum aggregate liquidity of $300 million, with a 2.0% interest rate step-up if not met.
Enterprise value to revenue forward of Allegiant Travel Company – NASDAQ:ALGT
This article provides a financial metric for Allegiant Travel Company (NASDAQ: ALGT), specifically its enterprise value to revenue forward. It appears to be a data point from a financial platform, indicating the company's valuation relative to its projected revenue. No further details or analysis are provided within the snippet.
Allegiant Travel Shares Rise After Citigroup Upgrade
Allegiant Travel Company's shares increased following an upgrade by Citigroup Inc. to a "Buy" rating. Citigroup cited favorable valuation, easing fuel prices, and strong leisure demand as reasons for the upgrade. The firm set a price target of $175 for Allegiant Travel.
Price to book forward of Allegiant Travel Company – NASDAQ:ALGT
This article provides the "Price to book forward" financial metric for Allegiant Travel Company (NASDAQ:ALGT). It indicates that the company's financial data shows "No trades" at the moment the information was accessed. The content includes general market and company navigation elements from TradingView.
Allegiant Travel (NASDAQ: ALGT) shareholders approve board, pay and KPMG auditor at 2026 meeting
Allegiant Travel Company (NASDAQ: ALGT) shareholders approved key proposals at their 2026 annual meeting on June 25, 2026. They elected an 11-member board of directors, passed an advisory resolution on executive compensation with significant support, and ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2026. The votes demonstrate strong shareholder backing for the company's governance and compensation practices.
Pulling Back: Allegiant Air Removes Nearly 30 Routes With Short-Term Exits From 3 Cities
Allegiant Air is reducing its Northern Summer 2026 network by removing or shortening service on nearly 30 routes to align with seasonal demand fluctuations. This adjustment includes temporary withdrawals from Kansas City, Richmond, and Rochester, New York, where all scheduled service will be suspended for a limited period before resuming later in the year. These changes are part of Allegiant's established practice of operating highly seasonal schedules, particularly on leisure-oriented routes.
Why Allegiant Air Has Become the Suncoast’s Favorite Airline for Affordable, Nonstop Travel
Allegiant Air has become a preferred airline for travelers on Florida's Suncoast due to its focus on affordable, nonstop flights from convenient local airports to smaller and mid-size cities. This strategy caters to the lifestyle of Suncoast residents, including retirees and seasonal visitors, who prioritize direct travel without connections through major hubs. The airline has significantly contributed to the growth of Sarasota Bradenton International Airport (SRQ) and St. Pete-Clearwater International Airport (PIE), despite requiring travelers to be mindful of extra costs for services like baggage.
Citi sees airline earnings beats, upgrades Allegiant on merger synergies (ALGT:NASDAQ)
Citi Research anticipates most airlines will exceed Q2 earnings estimates and provide strong Q3 guidance due to modest capacity growth, fare increases, and reduced fuel costs. The firm specifically upgraded Allegiant Travel Company due to expected merger synergies, which are projected to boost its earnings potential. Major airlines like Delta, United, and American are also expected to receive premium valuations for their earnings resilience.
Price to sales forward of Allegiant Travel Company – NASDAQ:ALGT
This article provides financial data for Allegiant Travel Company (NASDAQ: ALGT), specifically focusing on its forward price-to-sales ratio. It presents the latest financial metrics for the airline company within the TradingView platform. The content is primarily a data display page rather than an analytical article.
Enterprise value to EBIT forward of Allegiant Travel Company – NASDAQ:ALGT
This article focuses on the enterprise value to EBIT forward metric for Allegiant Travel Company (NASDAQ: ALGT). It appears to be a financial data page from TradingView, providing an overview of the company's financial performance. The content includes basic company information and navigation elements specific to financial analysis platforms.
ALLEGIANT TRAVEL COMPANY ISSUES SENIOR SECURED NOTES
Allegiant Travel Company (NASDAQ: ALGT) has issued $650.0 million in 7.125% Senior Secured Notes due 2031 through a private offering. The proceeds were used to repurchase $377.5 million of its 7.25% Senior Secured Notes due 2027, with the remaining balance allocated for general corporate purposes. The newly issued Notes are secured by most of the company's and its guarantors' assets, excluding aircraft, real property, and certain other assets.
Price to earnings forward of Allegiant Travel Company – NASDAQ:ALGT
This article provides financial information for Allegiant Travel Company (NASDAQ: ALGT), focusing on its forward price-to-earnings ratio. It indicates that the market was closed with no trades at the time of publication and directs users to various financial data points.
ALLEGIANT TRAVEL COMPANY ISSUES SENIOR SECURED NOTES
Allegiant Travel Company announced the issuance of $650.0 million in 7.125% Senior Secured Notes due 2031. A portion of the proceeds was used to purchase $377,534,000 of its existing 7.25% Senior Secured Notes due 2027 through a tender offer, with the remaining balance for general corporate purposes. The newly issued notes are secured by company assets, excluding aircraft and real property, and guaranteed by most of Allegiant's subsidiaries.
Allegiant Travel Issues $650 Mln Of 7.13% Senior Secured Notes Due 2031
Allegiant Travel Company has issued $650 million in senior secured notes with an interest rate of 7.13% due in 2031. This financial move by the travel company was reported by Reuters via Refinitiv.
Allegiant Travel | 424B3: Prospectus
This document is a 424B3 prospectus for Allegiant Travel. It provides detailed financial and operational information about the company, likely in preparation for a securities offering.
Allegiant's Deft Debt Maneuver Unlocks Strategic Financial Flexibility
Allegiant Travel Company has successfully completed a tender offer, reshaping its debt profile by buying back $377.5 million of its 2027 notes and issuing $650 million in new 2031 notes at a slightly lower interest rate. This strategic financial maneuver alleviates restrictive covenants, enhances operational flexibility, and positions the company for growth following its acquisition of Sun Country Airlines. The high participation rate in the tender offer and market approval of the move underscore investor confidence in Allegiant's long-term strategy.
ALLEGIANT TRAVEL COMPANY ANNOUNCES EARLY TENDER RESULTS AND RECEIPT OF CONSENTS FROM THE HOLDERS OF A MAJORITY OF THE OUTSTANDING PRINCIPAL AMOUNT OF ITS 7.250% SENIOR SECURED NOTES DUE 2027
Allegiant Travel Company announced early tender results and receipt of consents for its 7.250% Senior Secured Notes Due 2027. The company received tenders for $377,534,000 aggregate principal amount of notes and consents from 93.68% of holders by the Early Tender Deadline. This allows Allegiant to proceed with amendments to the Indenture, including the removal of most restrictive covenants and certain events of default, with an initial settlement expected on June 24, 2026.
ALLEGIANT TRAVEL COMPANY ANNOUNCES EARLY TENDER RESULTS AND RECEIPT OF CONSENTS FROM THE HOLDERS OF A MAJORITY OF THE OUTSTANDING PRINCIPAL AMOUNT OF ITS 7.250% SENIOR SECURED NOTES DUE 2027
Allegiant Travel Company announced the early tender results for its offer to purchase its 7.250% Senior Secured Notes Due 2027 and the receipt of consents from a majority of holders. The company received tenders for $377,534,000 aggregate principal amount of Notes, representing 93.68% of the outstanding amount. This allows Allegiant to proceed with proposed amendments to the Indenture, including eliminating most restrictive covenants and certain events of default.
Allegiant Travel Co (ALGT) Valuation: PE, PB & Fair Value Analysis
Allegiant Travel Co (ALGT) currently has a valuation score of 8.68, placing it 12th out of 21 in the Passenger Transportation Services industry. Its P/E ratio is -54.11, which is significantly below its recent high and slightly above its recent low. The company has not yet disclosed relevant data for P/B, P/S, and P/CF ratios.
Allegiant Travel Receives $377.5 Million Of 7.25% Senior Secured Notes Due 2027
Allegiant Travel has successfully secured $377.5 million through the issuance of 7.25% Senior Secured Notes due in 2027. This financial move provides the company with significant capital. The news was reported by Reuters via Refinitiv.
Allegiant cuts airline flights throughout the US
Allegiant Airlines has cut over 60 flights nationwide, impacting one route from Jacksonville International Airport (JIA) to Norfolk, Virginia. This reduction, following the loss of Spirit Airlines service, raises concerns among travelers about fewer affordable flight options, particularly during peak travel seasons. Passengers worry that reduced competition from low-cost carriers could lead to higher airfares and limited choices for travel in the future.
Allegiant adjusting dozens of summer routes. What it means for Florida Panhandle
Allegiant Air is adjusting its summer routes, affecting dozens of flights, but without significant impact on the Florida Panhandle airports in Destin-Fort Walton Beach (VPS) and Pensacola. The airline is adding eight new nonstop Florida routes, primarily connecting the state to cities in the Midwest and East Coast, while also adjusting service to several other airports. Allegiant clarified that many "canceled" routes are seasonal or on hiatus and are expected to return, emphasizing its strategy to shift capacity to higher-demand markets.
Allegiant Travel (ALGT) Stock Looks Fairly Valued After Its New Debt Deal
Allegiant Travel (ALGT) recently increased a private offering of Senior Secured Notes to $650 million, intending to refinance existing notes and support corporate purposes. Despite a strong performance over the past year, with a 98.14% total shareholder return, the stock is currently trading slightly above its narrative fair value estimate ($100.73 vs. $102.18). The company's ongoing fleet modernization with MAX aircraft and retirement of older Airbus jets is expected to lower costs and improve margins, though risks like elevated fuel costs or weaker leisure demand could affect its performance.
Allegiant Travel (ALGT) Stock Looks Fairly Valued After Its New Debt Deal
Allegiant Travel (ALGT) recently upsized a private offering of 7.125% Senior Secured Notes due 2031 to $650 million, primarily to refinance existing debt and for general corporate purposes. The refinancing, combined with fleet modernization to improve efficiency, positions Allegiant's stock as fairly valued at $102.18 against a narrative fair value estimate of $100.73, suggesting strong expectations but with potential risks from elevated fuel costs or weaker leisure demand. Investors should consider the balanced risk-reward profile and the company's efforts to enhance profitability.
UBS raises Allegiant Travel stock price target on earnings outlook
UBS has increased its price target for Allegiant Travel Company (NASDAQ:ALGT) to $103 from $93, maintaining a Neutral rating on the shares. This adjustment comes as the firm anticipates second-quarter consolidated earnings per share of $0.00, exceeding consensus estimates of negative $0.40. The new price target reflects an upward revision in the firm's fiscal 2027 EPS estimate.
UBS Adjusts Price Target on Allegiant Travel to $103 From $93, Maintains Neutral Rating
UBS has increased its price target for Allegiant Travel Company (NASDAQ: ALGT) to $103 from $93, while maintaining a Neutral rating on the stock. This adjustment comes amidst recent news regarding Allegiant Travel's financial activities, including an agreement to sell $650 million senior secured notes and the completion of its acquisition of Sun Country Airlines. The company is a leisure travel provider focused on underserved cities in the US, offering scheduled air transportation and related services.
Allegiant to drop more routes as fuel and airport costs shift network
Allegiant is cutting several routes, including service to Grand Rapids, Sarasota/Roanoke, and Cincinnati-Los Angeles, due to rising fuel and airport costs. The airline is reducing its second-quarter capacity by approximately 6.5% and focusing on shorter, more cost-effective leisure routes, particularly in Florida, where margins are better. CEO Gregory Anderson emphasized that while leisure demand remains healthy, higher fuel prices necessitate these network adjustments to maintain profitability.
Seaport Global Sticks to Their Buy Rating for Allegiant Travel Company (ALGT)
Seaport Global analyst Daniel Mckenzie has reiterated a Buy rating for Allegiant Travel Company (ALGT) with a price target of $129.00. This is despite a general Street consensus of a Moderate Buy with a lower average price target of $106.67. Allegiant Travel recently reported strong Q1 earnings with revenues of $732.43 million and a net profit of $42.48 million, showing an increase from the previous year.
Allegiant removes Sarasota airport route from current schedule
Allegiant Air has removed its Sarasota-Roanoke route from its current schedule, classifying it as a seasonal service. Despite this, Sarasota-Bradenton International Airport (SRQ) will remain an Allegiant base, with the airline adding 63 new routes elsewhere.
Seaport Global Maintains Allegiant Travel(ALGT.US) With Buy Rating, Announces Target Price $129
Seaport Global has reiterated its Buy rating for Allegiant Travel (ALGT.US) and set a target price of $129. This indicates the firm's continued confidence in the airline company's stock performance.
Allegiant Travel (ALGT) Is Up 10.0% After Upsizing 7.125% Secured Note Refinancing - Has The Bull Case Changed?
Allegiant Travel (ALGT) recently upsized a private offering of US$650.0 million in 7.125% senior secured notes due 2031, leading to a 10.0% stock increase. This refinancing is expected to enhance the airline's financial flexibility and free up funds for general corporate purposes. While it addresses near-term funding pressures, the core investment narrative, still subject to earnings volatility, fuel costs, and seasonal demand, remains largely unchanged.
Allegiant Air cut 61 routes, including three in Las Vegas
Allegiant Air has canceled 61 routes and reduced service to seven airports this year, including three routes to Las Vegas' Harry Reid International Airport. Despite adding 49 new routes, this represents an overall decrease in their network. The airline attributes an expected 6.5% drop in second-quarter capacity to the ongoing situation in Iran and the blocked Strait of Hormuz.
Allegiant drops Sarasota airport route in sweeping shakeup
Allegiant Air has canceled a route to Sarasota-Bradenton International Airport as part of a significant network reorganization. The article highlights that Allegiant Air has been a key partner for SRQ, utilizing its new Concourse A which opened in January 2025. It includes several images depicting the airport's activity and Allegiant's presence, underscoring the airline's historical connection to the Sarasota-Bradenton area.
Allegiant Air cuts 61 routes, including 2 from Boston Logan. See where
Allegiant Air has canceled 61 routes, including services from Boston Logan to Savannah, Georgia, and Norfolk, Virginia. These cuts are attributed to higher fuel costs, reduced capacity during slower travel periods, and an effort to align with shifting leisure travel demand. In addition to these route changes, Allegiant is withdrawing entirely from several major U.S. airports, although it has added one new route from Boston Logan to Fort Lauderdale starting in October.
