Allegiant Travel (NASDAQ:ALGT) had its target price increased by Stifel Nicolaus from $123.00 to $127.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the transportation company’s stock.
A number of other equities research analysts also recently commented on the company. BidaskClub raised Allegiant Travel from a sell rating to a hold rating in a research report on Friday, July 17th. Wolfe Research upgraded Allegiant Travel from a peer perform rating to an outperform rating and set a $200.00 price target for the company in a report on Friday, July 24th. ValuEngine raised shares of Allegiant Travel from a sell rating to a hold rating in a research note on Tuesday, May 26th. Goldman Sachs Group cut shares of Allegiant Travel from a buy rating to a neutral rating and raised their target price for the stock from $133.00 to $142.00 in a research report on Sunday, June 28th. Finally, Raymond James raised shares of Allegiant Travel from an outperform rating to a strong-buy rating and upped their price target for the stock from $115.00 to $135.00 in a research report on Monday, June 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $137.92.
Shares of NASDAQ ALGT opened at $112.03 on Thursday. The company has a market cap of $1.82 billion, a PE ratio of 44.63 and a beta of 1.47. Allegiant Travel has a 12 month low of $60.06 and a 12 month high of $183.26. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.98 and a quick ratio of 0.94. The company has a 50-day simple moving average of $110.94 and a 200-day simple moving average of $114.45.
Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, July 29th. The transportation company reported ($5.96) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($4.53) by ($1.43). The firm had revenue of $133.30 million for the quarter, compared to analyst estimates of $118.13 million. Allegiant Travel had a positive return on equity of 5.06% and a negative net margin of 1.54%. The firm’s revenue was down 72.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.33 EPS. On average, analysts anticipate that Allegiant Travel will post -5.95 EPS for the current year.
In related news, Director Charles W. Pollard bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $97.61 per share, for a total transaction of $97,610.00. Following the acquisition, the director now owns 9,000 shares in the company, valued at approximately $878,490. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Maurice J. Gallagher, Jr. sold 95,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $122.00, for a total value of $11,590,000.00. Following the transaction, the chief executive officer now directly owns 2,749,362 shares in the company, valued at $335,422,164. The disclosure for this sale can be found here. Insiders bought 7,000 shares of company stock valued at $819,030 in the last three months. Company insiders own 19.60% of the company’s stock.
A number of large investors have recently modified their holdings of ALGT. Wasatch Advisors Inc. raised its position in shares of Allegiant Travel by 22.7% in the 1st quarter. Wasatch Advisors Inc. now owns 1,379,313 shares of the transportation company’s stock valued at $112,828,000 after purchasing an additional 254,951 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in Allegiant Travel by 1.6% in the first quarter. Diamond Hill Capital Management Inc. now owns 510,676 shares of the transportation company’s stock valued at $41,773,000 after acquiring an additional 7,858 shares in the last quarter. State Street Corp boosted its stake in Allegiant Travel by 6.5% during the 1st quarter. State Street Corp now owns 402,728 shares of the transportation company’s stock valued at $32,943,000 after acquiring an additional 24,484 shares during the last quarter. Morgan Stanley grew its holdings in Allegiant Travel by 215.0% during the 1st quarter. Morgan Stanley now owns 288,287 shares of the transportation company’s stock worth $23,583,000 after acquiring an additional 196,776 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Allegiant Travel by 6.3% in the 1st quarter. Geode Capital Management LLC now owns 194,219 shares of the transportation company’s stock worth $15,887,000 after purchasing an additional 11,457 shares during the last quarter. 83.72% of the stock is owned by 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 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
Further Reading: What is a stock split?
Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.