Allegiant Travel Price Target Raised to $115.00 at Imperial Capital (ALGT)
Investment analysts at Imperial Capital increased their price objective on shares of Allegiant Travel (NASDAQ:ALGT) from $105.00 to $115.00 in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target points to a potential upside of 9.28% from the company’s current price.
Shares of Allegiant Travel (NASDAQ:ALGT) traded up 1.95% during mid-day trading on Thursday, hitting $105.23. 95,930 shares of the company’s stock traded hands. Allegiant Travel has a 1-year low of $67.77 and a 1-year high of $109.72. The stock has a 50-day moving average of $99.46 and a 200-day moving average of $96.76. The company has a market cap of $1.991 billion and a price-to-earnings ratio of 22.28.
Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.36 by $0.02. The company had revenue of $255.90 million for the quarter, compared to the consensus estimate of $258.37 million. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts predict that Allegiant Travel will post $4.90 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 an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $96.70 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Allegiant Travel from $110.00 to $115.00 in a research note to investors on Friday, July 19th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $97.71.
Allegiant Travel Company is a leisure travel company focused on providing travel services and products to residents of small, underserved cities in the United States.
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