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Allegiant Travel (NASDAQ: ALGT) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Shares of Allegiant Travel (NASDAQ: ALGT) traded down 4.76% during mid-day trading on Tuesday, hitting $101.04. Allegiant Travel has a 52 week low of $61.63 and a 52 week high of $109.72. The stock’s 50-day moving average is currently $100.0. The company has a market cap of $1.928 billion and a P/E ratio of 23.11.

Allegiant Travel (NASDAQ: ALGT) last released its earnings data on Wednesday, April 24th. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.45 by $0.20. The company had revenue of $273.00 million for the quarter, compared to the consensus estimate of $265.92 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, analysts predict that Allegiant Travel will post $5.40 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Allegiant Travel from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $109.60 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Allegiant Travel from $95.00 to $110.00 in a research note to investors on Thursday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Allegiant Travel from $100.00 to $110.00 in a research note to investors on Thursday, April 25th. They now have an “overweight” rating on the stock.

Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $91.95.

Allegiant Travel Company is a leisure travel company focused on providing travel services to residents of small, underserved cities in the United States.

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