Allegiant Travel Company Hits New 1-Year High at $124.61 (ALGT)
Allegiant Travel Company (NASDAQ:ALGT) shares hit a new 52-week high on Friday , AnalystRatingsNetwork reports. The company traded as high as $124.61 and last traded at $123.82, with a volume of 72,656 shares changing hands. The stock had previously closed at $120.70.
A number of analysts have recently weighed in on ALGT shares. Analysts at Imperial Capital raised their price target on shares of Allegiant Travel Company from $129.00 to $135.00 in a research note on Friday, April 25th. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Allegiant Travel Company from $108.00 to $111.00 in a research note on Thursday, April 24th. Finally, analysts at Barclays raised their price target on shares of Allegiant Travel Company from $115.00 to $130.00 in a research note on Thursday, April 17th. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Allegiant Travel Company presently has a consensus rating of “Buy” and a consensus price target of $118.86.
The stock’s 50-day moving average is $117.1 and its 200-day moving average is $108.. The company has a market cap of $2.253 billion and a P/E ratio of 24.12.
Allegiant Travel Company (NASDAQ:ALGT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.79 by $0.07. The company had revenue of $302.50 million for the quarter, compared to the consensus estimate of $301.79 million. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Allegiant Travel Company will post $5.85 EPS for the current fiscal year.
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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