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Allegiant Travel Company (NASDAQ:ALGT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a $127.00 target price on the stock. Zacks‘s price target would suggest a potential upside of 8.24% from the stock’s previous close.

Shares of Allegiant Travel Company (NASDAQ:ALGT) traded down 0.17% on Tuesday, hitting $117.33. The stock had a trading volume of 103,638 shares. Allegiant Travel Company has a 52-week low of $81.19 and a 52-week high of $125.63. The stock has a 50-day moving average of $118.7 and a 200-day moving average of $111.6. The company has a market cap of $2.086 billion and a P/E ratio of 21.40.

Allegiant Travel Company (NASDAQ:ALGT) last released its earnings data on Wednesday, July 23rd. The company reported $1.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.77 by $0.09. The company had revenue of $290.50 million for the quarter, compared to the consensus estimate of $287.92 million. During the same quarter last year, the company posted $1.34 earnings per share. Allegiant Travel Company’s revenue was up 13.6% compared to the same quarter last year. Analysts expect that Allegiant Travel Company will post $6.07 EPS for the current fiscal year.

In other Allegiant Travel Company news, Director Gary Ellmer sold 1,000 shares of the stock on the open market in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $118.60, for a total transaction of $118,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Avondale Partners upgraded shares of Allegiant Travel Company from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $145.00 price target on the stock, up previously from $116.00. Separately, analysts at CRT Capital upgraded shares of Allegiant Travel Company from a “fair value” rating to a “buy” rating in a research note on Thursday, July 17th. They now have a $136.00 price target on the stock, up previously from $108.00. Finally, analysts at Morgan Stanley raised their price target on shares of Allegiant Travel Company from $130.00 to $135.00 in a research note on Monday, July 14th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $131.80.

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.

To view Zacks’ full report, visit Zacks’ official website.

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