Allegiant Travel (ALGT) Receives Average Recommendation of “Hold” from Analysts
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.
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.
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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.
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