Allegiant Travel (NASDAQ:ALGT) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Friday.
ALGT has been the topic of several other research reports. Zacks Investment Research raised Allegiant Travel from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Monday, December 31st. Vertical Research assumed coverage on Allegiant Travel in a research note on Monday, February 4th. They set a “buy” rating and a $165.00 price target on the stock. ValuEngine raised Allegiant Travel from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 31st. BidaskClub raised Allegiant Travel from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Macquarie set a $129.00 target price on Allegiant Travel and gave the company a “hold” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $149.83.
Shares of ALGT stock opened at $137.21 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2.19 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.91. Allegiant Travel has a 52 week low of $98.18 and a 52 week high of $181.45.
Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, January 30th. The transportation company reported $2.56 EPS for the quarter, topping the consensus estimate of $2.47 by $0.09. The company had revenue of $412.11 million for the quarter, compared to analysts’ expectations of $410.69 million. Allegiant Travel had a return on equity of 25.58% and a net margin of 9.70%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.18 earnings per share. As a group, equities analysts predict that Allegiant Travel will post 13.88 EPS for the current year.
In other Allegiant Travel news, EVP Robert Paul Wilson III sold 486 shares of the stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $111.98, for a total value of $54,422.28. Following the transaction, the executive vice president now owns 17,330 shares of the company’s stock, valued at $1,940,613.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 20.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its position in shares of Allegiant Travel by 100.0% during the fourth quarter. IFP Advisors Inc now owns 300 shares of the transportation company’s stock worth $30,000 after purchasing an additional 150 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Allegiant Travel by 45.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 541 shares of the transportation company’s stock worth $54,000 after purchasing an additional 168 shares during the period. LS Investment Advisors LLC raised its position in shares of Allegiant Travel by 161.7% during the fourth quarter. LS Investment Advisors LLC now owns 1,010 shares of the transportation company’s stock worth $101,000 after purchasing an additional 624 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Allegiant Travel during the fourth quarter worth about $199,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Allegiant Travel during the third quarter worth about $242,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
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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