Allegiant Travel Company Upgraded to Outperform at Zacks (ALGT)
Allegiant Travel Company (NASDAQ:ALGT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday. The firm currently has a $125.00 price target on the stock. Zacks‘s price objective indicates a potential upside of 3.73% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $120.75.
Shares of Allegiant Travel Company (NASDAQ:ALGT) traded down 2.56% during mid-day trading on Wednesday, hitting $117.42. The stock had a trading volume of 67,881 shares. Allegiant Travel Company has a 52-week low of $81.19 and a 52-week high of $124.61. The stock’s 50-day moving average is $117.6 and its 200-day moving average is $109.2. The company has a market cap of $2.133 billion and a price-to-earnings ratio of 24.08.
Allegiant Travel Company (NASDAQ:ALGT) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.86 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts expect that Allegiant Travel Company will post $5.94 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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