Share on StockTwits

Equities researchers at Raymond James boosted their target price on shares of Allegiant Travel Company (NASDAQ:ALGT) from $136.00 to $137.00 in a research report issued on Thursday. Raymond James’ target price suggests a potential upside of 11.90% from the stock’s previous close.

Shares of Allegiant Travel Company (NASDAQ:ALGT) traded up 0.39% on Thursday, hitting $122.43. The stock had a trading volume of 90,522 shares. Allegiant Travel Company has a one year low of $81.19 and a one year high of $124.61. The stock has a 50-day moving average of $118.2 and a 200-day moving average of $109.7. The company has a market cap of $2.224 billion and a P/E ratio of 24.37.

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. On average, analysts predict that Allegiant Travel Company will post $6.02 EPS for the current fiscal year.

A number of other firms have also recently commented on ALGT. Analysts at Imperial Capital raised their price target on shares of Allegiant Travel Company from $135.00 to $142.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Allegiant Travel Company from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 2nd. They now have a $125.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $124.00.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.