Allegiant Travel (NASDAQ:ALGT – Get Rating) The Fly reported in a research report issued to clients and investors on Thursday that Raymond James equity analysts lowered their price target from $130.00 to $120.00. Raymond James’ price target shows his 60.75% upside from the company’s current price.
ALGT is the subject of several other reports. Cowen downgraded her Allegiant Travel rating from “Outperform” to “Market Perform” and set a price target of $80.00. In a report on Thursday, December 15th. Morgan Stanley downgraded Allegiant Travel from an “overweight” rating to an “equal weight” rating in a report on Monday, December 5, lowering the company’s price target from $175.00 to $115.00. rice field. StockNews.com upgraded Allegiant Travel’s rating from ‘sell’ to ‘pending’ in a report on Tuesday, October 11th. Goldman Sachs Group began covering his Allegiant Travel in a report on Friday, Dec. 16. They set a “buy” rating for the company and his $96.00 price target. Finally, Deutsche Bank Aktiengesellschaft lowered Allegiant Travel’s rating from ‘buy’ to ‘hold’ and its share price target from $106.00 to $75.00 in a report on Tuesday, December 20th. Nine analysts rated the stock with a holding rating and five analysts issued buy ratings on the company’s stock. Based on MarketBeat.com data, the stock currently has an average rating of Hold and an average target price of $104.33.
Allegiant Travel stock up 8.0%
ALGT opened Thursday at $74.65. The company has a debt to equity ratio of 1.55, a current ratio of 1.32 and a quick ratio of 1.27. His 50-day simple moving average for this business is $74.03 and his 200-day simple moving average is $89.69. The stock has a market cap of $1.37 billion, a P/E ratio of -34.09 and a beta of 1.56. Allegiant Travel has a 12-month low of $62.94 and a 12-month high of $191.95.
Allegiant Travel (NASDAQ: ALGT – Get Rating) last reported quarterly results on Wednesday, November 2nd. The transportation company reported EPS of ($0.54) for the quarter and missed the consensus estimate of ($0.47) by ($0.07). The business generated revenue of $560.33 million for the quarter, compared with analyst estimates of $556.65 million. Allegiant Travel had a net profit margin of 1.80% and a return on equity of 1.68%. On average, equity analysts expect Allegiant Travel to generate earnings per share of 0.73 for the current fiscal year.
In other news, CMO Scott Wayne Deangelo sold 1,250 shares of Allegiant Travel stock in a transaction on Tuesday, January 3rd. The shares sold at an average price of $69.37, giving him a total of $86,712.50. Following the closing of the sale, the Chief Marketing Officer now owns 15,106 shares of the Company’s stock valued at $1,047,903.22. The sale is disclosed in documents filed with the SEC and available on his website. A company insider owns his 15.10% of the company’s shares.
Institutional investors value loyal travel
Recently, many institutional investors have increased or decreased their stake in ALGT. Harbor Investment Advisory LLC increased his position in Allegiant Travel by 61.6% in the third quarter. Harbor Investment Advisory LLC now owns 509 shares of the shipping company valued at $37,000 after acquiring an additional 194 shares during this period. CWM LLC increased his Allegiant Travel position by 310.2% in the third quarter. CWM LLC now owns 525 shares of the carrier stock valued at $38,000 after acquiring an additional 397 shares during this period. Quadrant Capital Group LLC increased his Allegiant Travel position by 770.1% in the third quarter. Quadrant Capital Group LLC now owns 757 shares of the shipping company stock valued at $55,000 after acquiring an additional 670 shares during this period. Strs Ohio bought a new stake in his Allegiant Travel for about $56,000 in the second quarter. Finally, ACG Wealth bought a new stake in his Allegiant Travel in the second quarter for about $68,000. Hedge funds and other institutional investors own 85.77% of the company’s shares.
Allegiant Travel Company Profile
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of underserved cities in the United States. The company provides scheduled air transportation between underserved cities and leisure destinations with a limited frequency of direct flights. As of 14 February 2022, it operates 110 Airbus A320 series aircraft.
This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to [email protected]
Listen to this before considering Allegiant Travel.
MarketBeat tracks Wall Street’s most acclaimed and top performing research analysts and the stocks they recommend to clients every day. MarketBeat identified five stocks top analysts are quietly whispering to clients to buy now before the broader market takes notice…and Allegiant Travel wasn’t on the list.
Allegiant Travel is currently rated as a ‘Hold’ among analysts, but top analysts believe these five stocks are better buys.
See 5 stocks here