Shares of Allegiant Travel (NASDAQ:ALGT) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $150.40.

A number of brokerages have recently commented on ALGT. ValuEngine raised Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Imperial Capital upped their price target on Allegiant Travel from $132.00 to $150.00 and gave the company an “in-line” rating in a research report on Tuesday, December 19th. Deutsche Bank raised Allegiant Travel from a “hold” rating to a “buy” rating and upped their price target for the company from $130.00 to $180.00 in a research report on Thursday, December 21st. Cowen reaffirmed a “market perform” rating and set a $158.00 price target (up previously from $145.00) on shares of Allegiant Travel in a research report on Friday, December 1st. Finally, Raymond James Financial reaffirmed a “hold” rating on shares of Allegiant Travel in a research report on Monday, December 4th.

In related news, CEO Maurice J. Gallagher, Jr. sold 16,018 shares of the stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $155.82, for a total transaction of $2,495,924.76. Following the sale, the chief executive officer now owns 3,144,674 shares of the company’s stock, valued at approximately $490,003,102.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Ellmer sold 1,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $148.85, for a total value of $148,850.00. Following the sale, the director now directly owns 2,120 shares in the company, valued at approximately $315,562. The disclosure for this sale can be found here. Insiders have sold a total of 40,708 shares of company stock worth $6,227,913 in the last three months. 21.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its holdings in shares of Allegiant Travel by 28.9% in the 2nd 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 in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Allegiant Travel by 8.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,170 shares of the transportation company’s stock valued at $10,736,000 after acquiring an additional 5,991 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Allegiant Travel in the 2nd quarter valued at about $339,000. Legal & General Group Plc raised its holdings in shares of Allegiant Travel by 10.7% in the 2nd quarter. Legal & General Group Plc now owns 24,431 shares of the transportation company’s stock valued at $3,315,000 after acquiring an additional 2,363 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Allegiant Travel by 45.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,054 shares of the transportation company’s stock valued at $685,000 after acquiring an additional 1,591 shares in the last quarter. 86.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Allegiant Travel (NASDAQ ALGT) traded down $0.95 during midday trading on Friday, hitting $149.90. The stock had a trading volume of 73,784 shares, compared to its average volume of 122,200. Allegiant Travel has a 1 year low of $111.54 and a 1 year high of $182.25. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. The stock has a market cap of $2,400.00, a PE ratio of 15.95 and a beta of 0.16.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. Allegiant Travel had a return on equity of 32.19% and a net margin of 10.52%. The firm had revenue of $348.80 million for the quarter, compared to analysts’ expectations of $349.79 million. During the same quarter in the prior year, the firm earned $2.75 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. research analysts forecast that Allegiant Travel will post 8.59 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Allegiant Travel (ALGT) Receives Average Recommendation of “Hold” from Analysts” was reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/05/allegiant-travel-algt-receives-average-recommendation-of-hold-from-analysts.html.

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)

Receive News & Ratings for Allegiant Travel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegiant Travel and related companies with MarketBeat.com's FREE daily email newsletter.