News articles about Allegiant Travel (NASDAQ:ALGT) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegiant Travel earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.6855646236673 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Allegiant Travel Traffic, Capacity Climb In December, Q4 (nasdaq.com)
- Allegiant Reports December 2017 Traffic (prnewswire.com)
- Should Value Investors Consider Allegiant Travel (ALGT) Stock? (finance.yahoo.com)
- Allegiant announces new nonstop service from CVG to Charleston SC, Sarasota Bradenton FL (nkytribune.com)
- New Flights at Indy Airport Follow ‘Banner Year’ (insideindianabusiness.com)
ALGT has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Cowen reiterated a “market perform” rating and set a $158.00 price target (up previously from $145.00) on shares of Allegiant Travel in a research note on Friday, December 1st. Buckingham Research cut shares of Allegiant Travel from a “buy” rating to a “neutral” rating in a research note on Monday, December 4th. Macquarie started coverage on shares of Allegiant Travel in a research note on Monday, September 25th. They set a “neutral” rating and a $119.00 price target on the stock. Finally, Deutsche Bank upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and lifted their target price for the company from $130.00 to $180.00 in a research note on Thursday, December 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $152.55.
Shares of Allegiant Travel (ALGT) traded up $2.35 during trading hours on Friday, reaching $165.50. 242,678 shares of the company traded hands, compared to its average volume of 145,880. The company has a market cap of $2,660.00, a P/E ratio of 17.61 and a beta of 0.16. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. Allegiant Travel has a one year low of $111.54 and a one year high of $180.40.
Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings data on Wednesday, October 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The company had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. During the same period in the previous year, the company earned $2.75 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. analysts predict that Allegiant Travel will post 8.64 earnings per share for the current fiscal year.
In other news, President John Redmond acquired 11,000 shares of Allegiant Travel stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of $138.28 per share, for a total transaction of $1,521,080.00. Following the purchase, the president now directly owns 92,574 shares in the company, valued at approximately $12,801,132.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott Sheldon sold 5,872 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $137.63, for a total transaction of $808,163.36. Following the transaction, the chief financial officer now owns 21,202 shares of the company’s stock, valued at approximately $2,918,031.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,708 shares of company stock valued at $6,227,913. 21.00% of the stock is currently owned by company insiders.
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About Allegiant Travel
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.
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