Allegiant Travel (NASDAQ:ALGT)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Cowen in a report released on Friday, MarketBeat reports. They presently have a $158.00 price target on the transportation company’s stock, up from their previous price target of $145.00. Cowen’s price target would suggest a potential upside of 7.12% from the company’s previous close.

ALGT has been the topic of a number of other reports. Barclays reaffirmed a “sell” rating and issued a $130.00 target price on shares of Allegiant Travel in a report on Thursday, September 14th. Bank of America reiterated a “neutral” rating and issued a $145.00 price target (down previously from $150.00) on shares of Allegiant Travel in a research note on Tuesday, October 10th. BidaskClub lowered shares of Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Macquarie began coverage on shares of Allegiant Travel in a research note on Monday, September 25th. They issued a “neutral” rating and a $119.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $135.00 price target on shares of Allegiant Travel in a research note on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Allegiant Travel presently has a consensus rating of “Hold” and a consensus price target of $146.45.

Shares of Allegiant Travel (NASDAQ ALGT) traded down $4.50 during trading hours on Friday, reaching $147.50. 248,366 shares of the company’s stock traded hands, compared to its average volume of 138,736. The company has a quick ratio of 1.01, a current ratio of 1.05 and a debt-to-equity ratio of 1.78. Allegiant Travel has a 52-week low of $111.54 and a 52-week high of $182.25. The company has a market cap of $2,370.00, a PE ratio of 15.31, a PEG ratio of 5.90 and a beta of 0.12.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.31 by $0.08. The firm had revenue of $348.80 million for the quarter, compared to analysts’ expectations of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.75 EPS. research analysts expect that Allegiant Travel will post 8.54 EPS for the current year.

In related news, CFO Scott Sheldon sold 5,872 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $137.63, for a total value of $808,163.36. Following the completion of the transaction, the chief financial officer now owns 21,202 shares of the company’s stock, valued at approximately $2,918,031.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President John Redmond acquired 11,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average cost of $138.28 per share, with a total value of $1,521,080.00. Following the purchase, the president now owns 92,574 shares in the company, valued at $12,801,132.72. The disclosure for this purchase can be found here. Company insiders own 22.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Allegiant Travel by 28.9% during the second quarter. Bank of Montreal Can now owns 829 shares of the transportation company’s stock valued at $112,000 after acquiring an additional 186 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Allegiant Travel by 17.5% during the second quarter. Victory Capital Management Inc. now owns 853 shares of the transportation company’s stock worth $116,000 after buying an additional 127 shares during the period. Riverhead Capital Management LLC increased its position in shares of Allegiant Travel by 119.8% during the second quarter. Riverhead Capital Management LLC now owns 1,099 shares of the transportation company’s stock worth $149,000 after buying an additional 599 shares during the period. Flinton Capital Management LLC increased its position in shares of Allegiant Travel by 81.8% during the second quarter. Flinton Capital Management LLC now owns 1,120 shares of the transportation company’s stock worth $152,000 after buying an additional 504 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Allegiant Travel by 2.0% during the second quarter. D.A. Davidson & CO. now owns 1,176 shares of the transportation company’s stock worth $159,000 after buying an additional 23 shares during the period. 86.22% of the stock is owned by hedge funds and other institutional investors.

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Allegiant Travel Company Profile

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.

Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

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