Allegiant Travel Company Receives Average Rating of “Buy” from Analysts (NASDAQ:ALGT)
Shares of Allegiant Travel Company (NASDAQ:ALGT) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, ARN reports. Two equities 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 analysts that have issued ratings on the stock in the last year is $131.80.
Shares of Allegiant Travel Company (NASDAQ:ALGT) opened at 123.47 on Thursday. Allegiant Travel Company has a 52-week low of $81.19 and a 52-week high of $126.00. The stock has a 50-day moving average of $119.9 and a 200-day moving average of $112.5. The company has a market cap of $2.195 billion and a P/E ratio of 22.51.
Allegiant Travel Company (NASDAQ:ALGT) last posted its quarterly 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 previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, analysts predict that Allegiant Travel Company will post $6.07 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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.
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.