Allegiant Travel Co. (NASDAQ:ALGT) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $173.83.
ALGT has been the subject of several research reports. Zacks Investment Research raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Credit Suisse Group AG set a $133.00 price objective on shares of Allegiant Travel and gave the company a “hold” rating in a report on Tuesday, September 13th. Cowen and Company decreased their price objective on shares of Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating for the company in a report on Monday, August 1st. Stifel Nicolaus decreased their price objective 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. Finally, Raymond James Financial Inc. raised shares of Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a report on Tuesday, June 14th.
Several hedge funds have recently made changes to their positions in ALGT. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Allegiant Travel by 996.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 636 shares of the company’s stock worth $113,000 after buying an additional 578 shares during the period. 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 in the last quarter. Pacer Advisors Inc. bought a new position in shares of Allegiant Travel during the second quarter worth $148,000. Bank of Montreal Can bought a new position in shares of Allegiant Travel during the second quarter worth $151,000. Finally, Barclays PLC bought a new position in shares of Allegiant Travel during the second quarter worth $155,000. 79.35% of the stock is owned by hedge funds and other institutional investors.
Allegiant Travel (NASDAQ:ALGT) opened at 127.87 on Tuesday. Allegiant Travel has a one year low of $121.70 and a one year high of $228.79. The company has a market capitalization of $2.10 billion, a P/E ratio of 9.11 and a beta of -0.07. The firm has a 50-day moving average of $133.19 and a 200 day moving average of $149.21.
Allegiant Travel (NASDAQ:ALGT) last issued its earnings results on Friday, July 29th. The company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.13. The firm had revenue of $344.90 million for the quarter, compared to the consensus estimate of $343.11 million. Allegiant Travel had a net margin of 17.94% and a return on equity of 64.40%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.18 earnings per share. On average, equities analysts forecast that Allegiant Travel will post $13.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.19%. Allegiant Travel’s dividend payout ratio (DPR) is presently 20.04%.
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. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.
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