Allegiant Travel Company (NASDAQ:ALGT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Allegiant Travel Company (NASDAQ:ALGT) have earned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $128.0769.

ALGT has been the topic of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Allegiant Travel in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Susquehanna lifted their price target on shares of Allegiant Travel from $85.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Citigroup raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $98.00 to $156.00 in a research report on Friday, June 26th. Finally, Bank of America raised their target price on Allegiant Travel from $100.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st.

Allegiant Travel Price Performance

Shares of ALGT opened at $98.08 on Monday. The firm has a fifty day simple moving average of $99.72 and a two-hundred day simple moving average of $92.10. The firm has a market cap of $1.81 billion, a PE ratio of -49.04, a P/E/G ratio of 0.25 and a beta of 1.53. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.52. Allegiant Travel has a 1-year low of $42.56 and a 1-year high of $123.63.

Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.40 by $0.37. The firm had revenue of $732.43 million for the quarter, compared to the consensus estimate of $711.01 million. Allegiant Travel had a positive return on equity of 10.07% and a negative net margin of 1.30%.The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the business posted $2.11 EPS. On average, equities analysts anticipate that Allegiant Travel will post 7.5 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALGT. Price T Rowe Associates Inc. MD raised its holdings in Allegiant Travel by 0.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,862 shares of the transportation company’s stock valued at $1,694,000 after acquiring an additional 106 shares during the period. Signaturefd LLC lifted its holdings in Allegiant Travel by 27.3% in the 4th quarter. Signaturefd LLC now owns 546 shares of the transportation company’s stock worth $47,000 after purchasing an additional 117 shares in the last quarter. Silver Oak Securities Incorporated boosted its stake in Allegiant Travel by 1.2% in the 1st quarter. Silver Oak Securities Incorporated now owns 10,545 shares of the transportation company’s stock worth $855,000 after purchasing an additional 125 shares during the period. Millennium Management LLC grew its holdings in Allegiant Travel by 0.5% during the 4th quarter. Millennium Management LLC now owns 27,453 shares of the transportation company’s stock valued at $2,341,000 after buying an additional 134 shares in the last quarter. Finally, FourThought Financial Partners LLC raised its position in shares of Allegiant Travel by 4.1% during the fourth quarter. FourThought Financial Partners LLC now owns 3,458 shares of the transportation company’s stock valued at $295,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low?cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price?sensitive leisure travelers, Allegiant Air operates a point?to?point network that avoids the traditional hub?and?spoke model, providing non?stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.