Shares of Allegiant Travel (NASDAQ:ALGT) have been given an average recommendation of “Hold” by the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $177.73.
Several equities research analysts recently weighed in on ALGT shares. Cowen reissued a “market perform” rating and set a $186.00 price objective on shares of Allegiant Travel in a report on Thursday, November 14th. BidaskClub downgraded Allegiant Travel from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 7th. Stifel Nicolaus raised their price objective on Allegiant Travel from $180.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Sidoti reissued a “not rated” rating on shares of Allegiant Travel in a report on Monday, January 6th. Finally, Barclays raised their price objective on Allegiant Travel from $145.00 to $158.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th.
NASDAQ ALGT opened at $166.69 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.47. Allegiant Travel has a twelve month low of $120.26 and a twelve month high of $183.26. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.37 and a beta of 0.92. The business’s fifty day moving average is $175.13 and its 200 day moving average is $159.26.
Large investors have recently made changes to their positions in the stock. Quest Capital Management Inc. ADV bought a new position in Allegiant Travel during the 3rd quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Allegiant Travel by 68.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331 shares of the transportation company’s stock worth $50,000 after purchasing an additional 135 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Allegiant Travel during the 1st quarter worth $155,000. Russell Investments Group Ltd. bought a new position in Allegiant Travel during the 3rd quarter worth $186,000. Finally, Rothschild Investment Corp IL raised its position in Allegiant Travel by 4.9% during the 3rd quarter. Rothschild Investment Corp IL now owns 2,160 shares of the transportation company’s stock worth $323,000 after purchasing an additional 100 shares during the last quarter. 81.68% of the stock is owned by institutional investors and hedge funds.
About Allegiant Travel
Allegiant Travel Company, a leisure travel company, provides 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. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.
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