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UBS has cut Allegiant Travel's stock target to $61 from $93 while maintaining a Neutral rating, citing a downturn in first-quarter trends and consumer weakness. Despite a recent earnings beat, Allegiant revised its capacity growth forecast down to 13% due to softer leisure travel demand. The company is also undergoing executive changes and focusing on debt reduction, with expectations of returning to profitability this year.
UBS has lowered its price target for Alaska Air Group Inc. to $75 from $87 while maintaining a "Buy" rating, citing weaker first-quarter performance and ongoing consumer softness. Despite a -16.42% YTD return, ALK shows potential with a P/E ratio of 16.86 and projected revenue growth of 26% for FY2025. Additionally, Alaska Air reported strong Q4 2024 earnings, with EPS of $0.97, surpassing expectations, and appointed Eric Edge as Vice President of Brand & Marketing to enhance its marketing strategy.
UBS has cut its price target for Frontier Group Holdings Inc to €7.00 from €10.00, maintaining a Neutral rating, as the airline faces ongoing challenges in consumer demand and financial health. Despite a recent earnings surprise with EPS of €0.23, analysts have revised EPS forecasts downward, reflecting broader industry weaknesses. Frontier's future outlook for 2025 anticipates at least €1.00 in EPS, supported by strategic initiatives aimed at improving operational efficiency.
UBS has lowered its price target for United Continental Holdings Inc to $107 from $140 while maintaining a Buy recommendation, citing weak first-quarter trends and a slowdown in consumer spending. The airline's EPS forecast for 2025 has been cut by 12%, reflecting broader challenges in the industry. Despite these revisions, United Airlines reported strong Q4 2024 results, exceeding expectations with an EPS of $3.26 and sales of $14.7 billion, while also resuming its New York-Tel Aviv service amid a ceasefire in Gaza.
UBS analyst Thomas Wadewitz has cut the price target for Frontier Group Holdings Inc. to $7 from $10, maintaining a Neutral rating as the airline faces ongoing consumer demand challenges. Despite a 36.7% gain over the past six months, the stock is currently trading at $5.70, significantly below its 52-week high. Analysts project a 30% decrease in earnings per share for Frontier, reflecting broader softness in the airline industry, while the company reported a surprising EPS of $0.23 in Q4 2024, exceeding expectations.
UBS has reduced Allegiant Travel's share price target from $93 to $61 while maintaining a Neutral rating, citing a downturn in airline trends and consumer weakness. Despite a significant drop in share price and a projected 34% decline in earnings per share, Allegiant reported better-than-expected Q4 2024 results, with EPS of $2.10 and revenue of $627.7 million. The company is also adjusting its capacity growth forecast and has announced leadership changes, with ongoing efforts to reduce debt and potentially sell its Sunseeker resort to strengthen its financial position.
Allegiant Travel Company focuses on providing travel and leisure services to underserved U.S. cities, operating in two segments: Airline and Sunseeker Resort. The Airline segment encompasses scheduled air transportation and related services, while the Sunseeker Resort offers accommodations, dining, and recreational facilities.
Allegiant Travel Company focuses on providing travel and leisure services to underserved cities in the U.S. It operates in two segments: the Airline segment, which includes scheduled air transport and ancillary services, and the Sunseeker Resort segment, offering accommodations and resort facilities.
UBS has initiated coverage on U.S. airlines, emphasizing the impact of supply and demand on RASM growth and margins through 2025. Buy ratings were assigned to Alaska Air, Delta, and United Airlines, while American, Allegiant, and Frontier received neutral ratings. Southwest and JetBlue were given sell ratings due to financial concerns, with industry-wide pretax margins projected to rise to 6.6% in 2025, supported by a forecasted 3.5-4.0% growth in passenger revenues.
Allegiant Travel Company focuses on providing travel services to underserved U.S. cities, offering scheduled air transportation, ancillary products, and package services. It operates in two segments: the Airline segment, which includes all air transport services, and the Sunseeker Resort segment, featuring accommodations and resort facilities.
Allegiant Travel Company
Companies
| Symbol | ALGT |
| Name | Allegiant Travel Company |
| Currency | USD |
| Sector | Industrials |
| IndustryGroup | Transportation |
| Industry | Airlines |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NV |
| City | Las Vegas |
| Zipcode | 89144 |
| Website | http://www.allegiantair.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs lowers allegiant travel stock target amid consumer demand concerns
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ubs initiates coverage on us airlines with mixed outlook for rasm growth
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