Allegiant Travel (NASDAQ:ALGT) had its price target trimmed by Buckingham Research from $165.00 to $155.00 in a research report report published on Wednesday. The firm currently has a buy rating on the transportation company’s stock.
ALGT has been the topic of several other research reports. Imperial Capital cut their target price on Allegiant Travel from $165.00 to $121.00 and set an inline rating on the stock in a research report on Friday, July 27th. BidaskClub upgraded Allegiant Travel from a sell rating to a hold rating in a research report on Friday, August 10th. ValuEngine lowered Allegiant Travel from a hold rating to a sell rating in a research report on Wednesday, September 12th. Zacks Investment Research raised Allegiant Travel from a sell rating to a hold rating in a research note on Tuesday, September 11th. Finally, Morgan Stanley dropped their price target on Allegiant Travel from $164.00 to $156.00 and set an equal weight rating on the stock in a research note on Thursday, July 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Allegiant Travel has an average rating of Hold and an average price target of $154.00.
Shares of Allegiant Travel stock opened at $119.73 on Wednesday. Allegiant Travel has a one year low of $112.47 and a one year high of $181.45. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market cap of $2.05 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.49 and a beta of 0.13.
Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, July 25th. The transportation company reported $3.10 EPS for the quarter, beating the consensus estimate of $2.66 by $0.44. Allegiant Travel had a return on equity of 30.22% and a net margin of 13.21%. The company had revenue of $436.80 million for the quarter, compared to analyst estimates of $437.69 million. During the same quarter in the prior year, the company earned $2.94 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts expect that Allegiant Travel will post 9.73 earnings per share for the current fiscal year.
In related news, EVP Robert Paul Wilson III sold 380 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $135.01, for a total transaction of $51,303.80. Following the transaction, the executive vice president now directly owns 17,816 shares of the company’s stock, valued at approximately $2,405,338.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 20.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Bayesian Capital Management LP purchased a new stake in shares of Allegiant Travel in the first quarter worth approximately $236,000. Raymond James & Associates raised its stake in shares of Allegiant Travel by 41.2% in the second quarter. Raymond James & Associates now owns 1,757 shares of the transportation company’s stock worth $244,000 after purchasing an additional 513 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Allegiant Travel by 44.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,861 shares of the transportation company’s stock worth $259,000 after purchasing an additional 569 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Allegiant Travel in the second quarter worth approximately $312,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Allegiant Travel in the second quarter worth approximately $370,000. 96.20% of the stock is currently owned by institutional investors and hedge funds.
About Allegiant Travel
Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations.
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