Equities research analysts at Imperial Capital began coverage on shares of Allegiant Travel Co. (NASDAQ:ALGT) in a report released on Friday. The brokerage set an “outperform” rating on the stock.
Other analysts have also recently issued reports about the stock. Stifel Nicolaus decreased their price target on shares of Allegiant Travel from $200.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Buckingham Research raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $168.00 price objective on the stock in a research report on Friday, September 23rd. Credit Suisse Group AG set a $133.00 price objective on shares of Allegiant Travel and gave the company a “hold” rating in a research report on Tuesday, September 13th. Zacks Investment Research raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Cowen and Company cut their price objective on shares of Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating on the stock in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $179.18.
Allegiant Travel (NASDAQ:ALGT) opened at 142.36 on Friday. The company has a market capitalization of $2.34 billion, a P/E ratio of 10.14 and a beta of -0.09. Allegiant Travel has a 1-year low of $121.70 and a 1-year high of $228.79. The firm’s 50-day moving average is $135.36 and its 200-day moving average is $146.76.
Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings results on Friday, July 29th. The company reported $3.68 EPS for the quarter, topping the consensus estimate of $3.55 by $0.13. The business earned $344.90 million during the quarter, compared to analysts’ expectations of $343.11 million. Allegiant Travel had a net margin of 17.94% and a return on equity of 64.40%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $3.18 earnings per share. Equities research analysts predict that Allegiant Travel will post $13.13 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Allegiant Travel by 157.9% in the first quarter. BlackRock Inc. now owns 820 shares of the company’s stock worth $146,000 after buying an additional 502 shares during the period. Pacer Advisors Inc. bought a new position in shares of Allegiant Travel during the second quarter worth about $148,000. Bank of Montreal Can bought a new position in shares of Allegiant Travel during the second quarter worth about $151,000. Barclays PLC bought a new position in shares of Allegiant Travel during the second quarter worth about $155,000. Finally, Invictus RG raised its position in shares of Allegiant Travel by 25.0% in the second quarter. Invictus RG now owns 1,359 shares of the company’s stock worth $206,000 after buying an additional 272 shares during the period. 79.35% of the stock is currently owned by institutional investors and hedge funds.
Allegiant Travel Company Profile