Allegiant Travel Company Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:ALGT)
Allegiant Travel Company (NASDAQ:ALGT) has been given a consensus rating of “Buy” by the eleven brokerages that are currently covering the company, American Banking & Market News reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $120.75.
A number of analysts have recently weighed in on ALGT shares. Analysts at Zacks upgraded shares of Allegiant Travel Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $125.00 price target on the stock. Separately, 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. Finally, 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.
Allegiant Travel Company (NASDAQ:ALGT) traded up 1.26% during mid-day trading on Thursday, hitting $118.82. The stock had a trading volume of 24,092 shares. Allegiant Travel Company has a 1-year low of $81.19 and a 1-year high of $124.61. The stock’s 50-day moving average is $117.6 and its 200-day moving average is $109.3. The company has a market cap of $2.158 billion and a price-to-earnings ratio of 23.44.
Allegiant Travel Company (NASDAQ:ALGT) last issued its quarterly earnings data 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. Allegiant Travel Company’s revenue was up 10.8% compared to the same quarter last year. 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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