Stifel Nicolaus set a $180.00 price target on Allegiant Travel (NASDAQ:ALGT) in a research note issued to investors on Friday morning, TipRanks reports. The firm currently has a buy rating on the transportation company’s stock.
Other research analysts have also issued research reports about the company. Citigroup raised their target price on Allegiant Travel from $180.00 to $182.00 and gave the company a buy rating in a report on Tuesday, July 9th. Buckingham Research raised their target price on Allegiant Travel from $191.00 to $206.00 and gave the company a buy rating in a report on Friday. Cowen raised their target price on Allegiant Travel from $152.00 to $169.00 and gave the company an outperform rating in a report on Friday. Sidoti raised their target price on Allegiant Travel from $178.00 to $180.00 and gave the company a buy rating in a report on Tuesday, July 23rd. Finally, ValuEngine lowered Allegiant Travel from a sell rating to a strong sell rating in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $169.15.
ALGT stock opened at $170.75 on Friday. Allegiant Travel has a twelve month low of $98.18 and a twelve month high of $172.20. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average is $151.65 and its 200-day moving average is $145.00. The firm has a market capitalization of $2.52 billion, a PE ratio of 17.08, a P/E/G ratio of 0.41 and a beta of 0.92.
Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Thursday, October 24th. The transportation company reported $2.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.49. Allegiant Travel had a return on equity of 29.56% and a net margin of 11.85%. The company had revenue of $436.51 million for the quarter, compared to analyst estimates of $429.44 million. During the same quarter last year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts anticipate that Allegiant Travel will post 14.38 earnings per share for the current fiscal year.
In related news, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction on Friday, August 9th. The stock was sold at an average price of $145.10, for a total transaction of $145,100.00. Following the sale, the director now directly owns 2,000 shares in the company, valued at $290,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.90% of the company’s stock.
A number of institutional investors have recently modified their holdings of ALGT. Advisors Preferred LLC bought a new stake in shares of Allegiant Travel in the second quarter valued at $26,000. MUFG Americas Holdings Corp bought a new stake in shares of Allegiant Travel in the second quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Allegiant Travel by 68.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331 shares of the transportation company’s stock valued at $50,000 after buying an additional 135 shares during the period. Advisor Group Inc. raised its stake in shares of Allegiant Travel by 55.8% in the second quarter. Advisor Group Inc. now owns 360 shares of the transportation company’s stock valued at $51,000 after buying an additional 129 shares during the period. Finally, Clear Perspective Advisors LLC bought a new stake in shares of Allegiant Travel in the second quarter valued at $57,000. Institutional investors and hedge funds own 80.75% of the company’s stock.
Allegiant Travel Company Profile
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
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