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Allegiant Travel Company (NASDAQ:ALGT) shares reached a new 52-week high during trading on Friday , AmericanBankingNews.com reports. The company traded as high as $126.00 and last traded at $123.59, with a volume of 49,554 shares changing hands. The stock had previously closed at $123.79.

A number of analysts have recently weighed in on ALGT shares. Analysts at Zacks downgraded shares of Allegiant Travel Company from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $127.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Allegiant Travel Company has a consensus rating of “Buy” and an average price target of $131.80.

The stock’s 50-day moving average is $119.7 and its 200-day moving average is $112.3. The company has a market cap of $2.195 billion and a P/E ratio of 22.51.

Allegiant Travel Company (NASDAQ:ALGT) last announced its earnings results on Wednesday, July 23rd. The company reported $1.86 earnings per share (EPS) for the quarter, beating the 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 in the prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts expect that Allegiant Travel Company will post $6.07 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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