Allegiant Travel Company (ALGT) Receives $161.89 Average PT from Analysts

Allegiant Travel Company (NASDAQ:ALGT) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $161.89.

Several equities analysts recently issued reports on ALGT shares. Imperial Capital cut their target price on Allegiant Travel Company from $182.00 to $170.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 12th. Zacks Investment Research downgraded Allegiant Travel Company from a “hold” rating to a “sell” rating in a research report on Friday, April 14th. Stifel Nicolaus reissued a “hold” rating and issued a $173.00 target price on shares of Allegiant Travel Company in a research report on Wednesday, April 19th. Cowen and Company cut their target price on Allegiant Travel Company from $162.00 to $157.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 26th. Finally, Deutsche Bank AG downgraded Allegiant Travel Company from a “buy” rating to a “hold” rating and cut their target price for the company from $190.00 to $153.00 in a research report on Wednesday, April 26th.

Allegiant Travel Company (NASDAQ:ALGT) traded up 0.21% during trading on Monday, hitting $142.95. The stock had a trading volume of 69,686 shares. The company’s 50 day moving average is $142.92 and its 200 day moving average is $159.81. The firm has a market cap of $2.34 billion, a PE ratio of 12.53 and a beta of -0.01. Allegiant Travel Company has a 52-week low of $121.70 and a 52-week high of $182.25.

Allegiant Travel Company (NASDAQ:ALGT) last released its earnings results on Tuesday, April 25th. The transportation company reported $2.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.58 by $0.08. Allegiant Travel Company had a net margin of 13.61% and a return on equity of 41.46%. The firm had revenue of $375.80 million during the quarter, compared to analyst estimates of $374.99 million. During the same period in the previous year, the company earned $4.29 earnings per share. Allegiant Travel Company’s revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Allegiant Travel Company will post $9.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Friday, May 19th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.96%. The ex-dividend date was Wednesday, May 17th. Allegiant Travel Company’s payout ratio is 24.54%.

In other Allegiant Travel Company news, SVP Gregory Clark Anderson sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $142.08, for a total value of $213,120.00. Following the sale, the senior vice president now directly owns 15,054 shares of the company’s stock, valued at $2,138,872.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Ellmer sold 580 shares of the company’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $162.00, for a total transaction of $93,960.00. Following the completion of the sale, the director now directly owns 2,255 shares in the company, valued at $365,310. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,215 shares of company stock worth $326,373. 21.00% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Allegiant Travel Company by 141,260.2% in the first quarter. BlackRock Inc. now owns 1,546,481 shares of the transportation company’s stock valued at $247,824,000 after buying an additional 1,545,387 shares during the last quarter. Vanguard Group Inc. raised its stake in Allegiant Travel Company by 4.7% in the first quarter. Vanguard Group Inc. now owns 1,157,458 shares of the transportation company’s stock valued at $185,482,000 after buying an additional 51,487 shares during the last quarter. FMR LLC raised its stake in Allegiant Travel Company by 0.6% in the first quarter. FMR LLC now owns 932,540 shares of the transportation company’s stock valued at $149,439,000 after buying an additional 6,000 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Allegiant Travel Company by 17.6% in the first quarter. Neuberger Berman Group LLC now owns 601,416 shares of the transportation company’s stock valued at $96,377,000 after buying an additional 90,037 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Allegiant Travel Company by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 383,712 shares of the transportation company’s stock valued at $61,490,000 after buying an additional 19,245 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

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About Allegiant Travel Company

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. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ALGT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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