Allegiant Travel Stock Price, News & Analysis (NASDAQ:ALGT)

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALGT, but not buy additional shares or sell existing shares.
View ALGT analyst ratings or view top-rated stocks.

10 brokers have issued 1-year target prices for Allegiant Travel's shares. Their ALGT share price targets range from $65.00 to $145.00. On average, they predict the company's stock price to reach $95.70 in the next year. This suggests a possible upside of 29.8% from the stock's current price.
View analysts price targets for ALGT or view top-rated stocks among Wall Street analysts.

Allegiant Travel's stock was trading at $67.99 on January 1st, 2023. Since then, ALGT shares have increased by 8.4% and is now trading at $73.71.
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Allegiant Travel saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 843,200 shares, an increase of 20.8% from the October 31st total of 698,300 shares. Based on an average daily trading volume, of 264,300 shares, the days-to-cover ratio is presently 3.2 days. Approximately 5.5% of the company's stock are short sold.
View Allegiant Travel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our ALGT earnings forecast.

Allegiant Travel (NASDAQ:ALGT) posted its earnings results on Thursday, November, 2nd. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.04. The transportation company earned $565.36 million during the quarter, compared to the consensus estimate of $583.69 million. Allegiant Travel had a net margin of 6.71% and a trailing twelve-month return on equity of 8.15%.

Allegiant Travel declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.60 per share on Friday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for ALGT.

Allegiant Travel (NASDAQ:ALGT) pays an annual dividend of $2.40 per share and currently has a dividend yield of 3.36%. The dividend payout ratio is 25.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALGT will have a dividend payout ratio of 28.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALGT.

ETFs with the largest weight of Allegiant Travel (NASDAQ:ALGT) stock in their portfolio include U.S. Global Jets ETF (JETS), SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap Industrials ETF (PSCI), EA Bridgeway Omni Small-Cap Value ETF (BSVO), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

Allegiant Travel updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $7.75-8.50 for the period, compared to the consensus earnings per share estimate of $8.52.

422 employees have rated Allegiant Travel Chief Executive Officer Maury Gallagher Jr. on Glassdoor.com. Maury Gallagher Jr. has an approval rating of 94% among the company's employees. This puts Maury Gallagher Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiant Travel investors own include Boeing (BA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Delta Air Lines (DAL), QUALCOMM (QCOM), Visa (V), Exxon Mobil (XOM), AT&T (T), Verizon Communications (VZ) and Target (TGT).

Allegiant Travel's stock is owned by a variety of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.67%), U S Global Investors Inc. (2.84%), Morgan Stanley (1.53%), American Century Companies Inc. (1.43%), Bank of New York Mellon Corp (0.86%) and Northern Trust Corp (0.81%). Insiders that own company stock include Gary Ellmer, Gregory Clark Anderson, Keny Frank Wilper, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
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Shares of ALGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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